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

What Is a Captive Insurance Agent in Cincinnati? 

Captive Insurance agents in Cincinnati can only sell insurance policies through one company.  Some of the largest insurance companies in Cincinnati advertising locally on television sell insurance exclusively by means of captive insurance agents. (Partial list of captive insurance agents in Cincinnati available here, click to review.) 

It is a disadvantage to you in many ways to have your insurance with a captive agent, why???   

Because there isn’t a single insurance company, no matter what they attempt to convey by their catchy television advertisements that can guarantee the absolute lowest price on every insurance policy they sell on a permanent basis.  In other words there will always be another insurance company who can offer you a lower insurance rate in Cincinnati if you look hard enough!  

Insurance Prices in Cincinnati Never Remain the Same With Any Company.

Unless you have been with the same insurance company for your entire life you probably noticed that when you first started a new insurance policy with your current insurance company, your insurance rates started off low… but eventually over time your insurance company begins to raise your rates.  

We refer to this insurance pricing phenomenon as: Insurance Rate Creep.™  Here’s the bad news for consumers, every insurance company follows the same pattern of lowering rates, then raising rates later. (They all do it without any exception.) 

Why Do All Insurance Companies Engage in Insurance Rate Creep? ™

In a new book that will be published later this year Jack Thomas, owner of Pathway Insurance, reveals the secret reason why all insurance companies engage in Insurance Rate Creep.™  Additionally Jack reveals the exact steps you can take to keep your premiums low for the long term. 

HINT: Independent Insurance Agents in Cincinnati Are Your Secret Weapon to Combat Insurance Rate Creep.™ (Step One)

Call 513-662-7000 to speak with our independent insurance agents of Cincinnati.  Or e-mail: Jack@pathwayinsurance.net to receive new insurance quotes on your insurance.