Bait And Switch Insurance

Do you feel that an insurance company or agent used bait and switch tactics to earn your business? If so you may not be alone.

Some companies and agents may offer you an insurance quote that is not based on what is truly on your driving record.

If that has happened to you please call 513-662-7000 to receive Insurance Quotes that are 100% accurate, 100% of the time.

How Bait and Switch Tactics Can Cost You Money.

The insurance business is very competitive. With more than 500 insurance companies offering car insurance in the state of Ohio we occasionally run across a situation where either an agent or a company representative will provide an initial car insurance quote that is not accurate based on claims or moving violations on the driving record.

This happened recently to a policyholder of our Cincinnati independent insurance agency.

We received a telephone call from a policyholder that had been insured with our insurance agency for many years stating he was canceling his insurance because he obtained a much better rate though another company selling insurance directly to the public. 

The Bait and the Switch by a Company that Advertises Non Stop on Television.

We asked the policyholder if the new insurance company was aware of the activity on his driving record as it did not appear the rates were accurate  based on his driving record.

He advised me the company was aware of his driving record activity. I wasn’t so certain they were charging him for the activity on his record.

Because there was such a significant difference in price for his car insurance quote I decided to obtain a quote directly from this insurance company using the policyholders information.

What did I discover?

The insurance rate quote he told me he was offered wasn’t even close to what the actual rate would be. In fact the actual price would be nearly 60% more than what they initially quoted him.

In any other business we would call that bait and switch, right? 

How to Avoid Bait and Switch Tactics by Insurance Companies

If someone claims they can save you money on your car insurance make sure they have run your credit, accident and driving record reports before you buy a policy, otherwise you might be the victim of bait and switch insurance.

If a company refuses to run these reports before you buy, don’t buy insurance from them.

Want a quote from an agency that guarantees 100% accuracy on insurance quotes 100% of the time? Click here to begin your online car insurance quote or call 513-662-7000.

At What Point Do Insurance Companies Consider You a High Risk Driver?

It’s interesting how insurance companies in Cincinnati determine whether or not you are a high risk driver. 

Some insurance companies consider you high risk if you have more than two tickets in the last three years.  Other companies consider you high risk when you have 2 accidents or more in the last three years. Additionally if you get caught driving without insurance, or if you are required to carry an SR 22 some companies consider you high risk.

Many Insurance Companies in Cincinnati Do Not Offer High Risk Insurance.

If you are dropped by your current insurance company because of too many tickets or accidents you will learn that some of the biggest insurance companies may not take you, or they will offer rates that are substantially higher than what you can obtain elsewhere. Let’s look at an actual example. 

Massive Difference in Price for High Risk Car Insurance in Cincinnati

A person called our office recently who was insured with the Geico insurance in Cincinnati. She was paying about $180 per month. Geico considered her high risk because she had a DUI.  

We shopped around and found a company would take her for about $108 per month!  The new company also considered her high risk, but they were willing to offer the same coverage for nearly $1000 per year savings compared to Geico’s car insurance rates.

If you have been dropped by your car insurance company in Cincinnati, call Pathway Insurance at 513-662-7000 

As a mentioned in the previous article every insurance company offers some type of discount.  The 40% discount that State Farm mentions in their commercials is probably meant to combat the 15% discount Geico mentions in their commercials.

(Are you looking for auto insurance in Cincinnati?  Call 513-662-7000 or receive an instant online insurance quote by clicking here.)

I decided to put State Farm insurance to the test.  Will their 40% discount beat the rates of Geico Insurance in Cincinnati, Progressive Insurance in Cincinnati, or American Commerce Insurance in Cincinnati?

I obtained quotes for my personal automobile insurance from State Farm, Geico, and Progressive Direct using their online system.  Also reflected is the insurance company that currently underwrites my personal insurance. 

Please note the following results:

American Commerce Insurance Group in Cincinnati- $74.81 per month

Progressive Insurance in Cincinnati- $87.02 per month

GEICO insurance in Cincinnati – $104.64 per month

State Farm insurance in Cincinnati- $141.34 per month

Assuming that the online quotes are accurate, if I were to take advantage of State Farm’s 40% in discounts I would need to pay an additional $798.36 per year to be insured with State Farm Insurance in Cincinnati compared to what I currently pay right now!

In this quote example, Geico, Progressive Direct, and American Commerce Insurance Group beat State Farm hands down.  Naturally each individual situation could turn out differently. One comparison quote does not necessarily reflect the general pricing philosophy of the insurance companies indicated.

How do you buy Insurance without the Disclaimers, Fine Print and Catches? ™

First step contact our independent insurance agency in Cincinnati.

513-662-7000 or write Jack@pathwayinsurance.net

Click here for online insurance quotes in all 50 states.

My current coverage limits are $500,000 per person, $500,000 per accident, $500,000 for property damage, $50,000 for medical payments, $100 deductible comprehensive, $500 deductible collision, I have car rental, roadside assistance and loan gap coverage for both my vehicles, plus the business usage endorsement on my car insurance policy.

The State Farm car insurance quote in Cincinnati did not include loan gap coverage, or business usage. (So that would mean the State Farm car insurance quote in Cincinnati would be more than what is reflected in the quote that is listed.)

The Geico car insurance quote in Cincinnati did not include loan gap coverage, or business usage. Additionally the Geico online quote system would only provide a quote for $250,000 per person and $500,000 for injuries and $100,000 in property damage + $10,000 for medical payments. (That would mean that the Geico car insurance quote in Cincinnati would be more than what is reflected in the quote that is listed if they could match my current coverage limits.)

The Progressive car insurance quote in Cincinnati did not include business usage. Additionally Progressives online quote system would only provide a quote of $500,000 combined single limit + $10,000 for medical payments. (That would mean that the Progressive car insurance quote in Cincinnati would be more than what is reflected in the quote that is listed if they could match my current coverage limits.)