Captive insurance agents in Cincinnati can only sell insurance policies from one company, why is that a disadvantage to the insurance buyer?

A captive insurance agent is one who can only sell insurance through their primary insurance company.  The reason why that’s a disadvantage is due to the fact that no company will guarantee the lowest insurance rates in Cincinnati on a permanent basis. When a new company lures you in with low insurance rates, over time those rates go up, hence Insurance Rate Creep. ™

All Insurance Companies in Cincinnati Implement Insurance Rate Creep. ™

What is Insurance Rate Creep? ™ 

Insurance Rate Creep ™ is when you switch to a new company and over time, perhaps as soon as six months later, the new insurance company that you just switched to, increases your insurance premium rates.

This is what is SHOCKING: Every insurance company does it, but none will publicly admit it. 

In a new book that will be released later this year Jack Thomas exposes the exact reasons why insurance companies use Insurance Rate Creep ™ as a way to grow their client base and lock in long-term profits for the insurance companies themselves. (Insurance Rate Creep ™ is only a small portion of the inside secrets that will be revealed about the insurance industry from a true industry insider- i.e. information that has never before been publicly made available.)

Independent Insurance Agents in Cincinnati Help Policyholders Avoid Insurance Rate Creep. ™

If you switch to a new company and later when that company begins to raise your rates, only an independent insurance agent can then begin to shop for new rates for their clients.  A captive insurance agent cannot do that because the insurance company they sell for forbids these agents from selling policies for other companies.

In our next article we will discuss this in further detail.

For the best rates on insurance in Cincinnati, purchase your insurance from an independent insurance agent. Call 513-662-7000 or send us an e-mail at jack@pathwayinsurance.net

Why do Independent Insurance Agencies in Cincinnati Offer the Best Rates?

If you’re looking for new insurance options call 513-662-7000, or click online insurance quotes and in 5 minutes or less you will receive quotes from top rated insurance companies in your area. 

Purchasing insurance from an independent agency in Cincinnati is a better solution compared to buying from a company only representing one company.

Most people would agree that insurance is inherently confusing. 

Adding confusion to the mix is a nearly universal message conveyed by almost every insurance company advertising on television:

Call us for cheap car insurance! 

Based on the implied assumption that the price we pay for insurance should be the chief factor in our decision making process, insurance buyers are left unaware of the dangers in believing all policies are equal between insurance carriers.

This lack of knowledge could very well cost the unassuming insurance buyer more money at some point in the future compared to what was saved in the short term. (claim denial)

What You Don’t Know When Shopping for Insurance?

What insurance companies don’t bother to explain is the super cheap rate they just offered you is not guaranteed for any longer than your first renewal term. 

The other small detail they left out on the fine print of their television advertisement is that they will increase your price at some point in the future! 

So the money you ‘saved’ by switching to a new company will likely disappear, or you might find yourself spending significantly more money than what you were paying before you switched!      

Simple Facts About Insurance:

If you buy Geico car insurance in Cincinnati because they offered you a lower rate compared to your previous insurance company.  Don’t get used to that low rate.  Eventually Geico will raise your rates!

It’s 100% true.  

Insurance companies are constantly modifying and changing their insurance rates based on a number of underlying factors.

One factor is the inevitable rate increase you are hit with after you cause an accident, get a ticket, add your 16 year son or daughter to your policy, or buy a sports car.

While it is true that some Insurance companies advertise accident forgiveness in Cincinnati, what they’re not telling you is that you have to pay extra money for accident forgiveness!

Rate Increase Example

A client by the name of Wilson changed to Geico a few years ago because he saved about $100.  He thought he was being a good consumer by saving money.  

After causing an accident Wilson received a substantial rate increase on his Cincinnati Geico car insurance policy.

He called our office to see if we could lower his rate.  We could and saved him about $400 compared to what Geico was going to charge him on his next policy renewal after they surcharged his car insurance policy for the accident.

If you save money on your insurance, you may pay more later because of a change in your circumstances. 

There is a proven way to keep your premiums low over the long run…it’s when you buy insurance from an independent insurance agency in Cincinnati.

How Can Our Independent Insurance Agency Offer Better Rates over the Long Run for Consumers?

Let’s assume that you are already insured with our agency and you receive a large rate increase because of an accident or other claim. We can shop your insurance with other insurance companies at your request! 

In contrast Geico sells car insurance through only one company – Themselves! 

When Geico raises your prices, they are not going to encourage you to take your business elsewhere.

Surprisingly many consumers are not aware that many of the companies advertising so predominately on television only offer insurance from one company!

Independent Insurance Agents in Cincinnati Offer a Better Choice for Consumers. 

Because we represent so many different insurance carriers, when you receive a rate increase on your insurance we can shop around to determine if you would qualify for lower rates. 

This type of approach is significantly better for you because not only is it likely that we can help you find a better rate, but we can also save you time.

So when you purchase insurance with our independent agency in Cincinnati you receive a significant benefit compared to companies offering insurance through only one company!

Pathway Insurance is a leading independent insurance agency in Cincinnati.  Call our office at 513-662-7000, or click here to receive an online insurance quote.