Insurance Facts

Insurance Shopping In The 21st Century.. I Like Where This Is Headed

As I’ve written about in the past, there are plenty of things I would like to see changed in the insurance market. Two important things are having: –a more uniform set of rules between states and provinces – this would make it much easier to bring in more competition between companies, for companies to operate in all 50 states and perhaps in all of Canada as well. I doubt we’ll ever get there but if get closer to it, it would be a huge positive –more transparency in rates: I think it’s reasonable to be able to search for insurance in similar

Insurance Companies Hate Transparency

I’ll take you back a few years, when booking air plane tickets required going to each carrier’s website and trying to find the best possible deal. You would go from delta.com, to aa.com, usairways, etc. It was a lengthy and horrible process. Thank god for aggregators such as Orbitz and Kayak which have made the process a lot easier. Not everyone loved the idea at first. Why? Because you and I are now able to easily find the lowest rates thus putting a lot of pressure on pricing. Some companies tried to resist. At one point, American Airlines asked to

Why Most Insurance Agents Are Terrible

Last week, I wrote about finding out if the insurance agent or broker was acting in your best interest which can clearly end up being a big problem when shopping around for insurance. Thankfully, I think most of us know to be on the lookout for those. What we aren’t as trained to do is trying to determine if we are dealing with a competent agent. Most Of Them Are Crappy The reality is that that according to numbers that I’ve seen, 92% of agents eventually fail and exit the business. Why is that? Most Agents Don’t Belong In The Business I

Have You Ever Met An Honest Insurance Salesman?

One of the big reasons why I started this blog was because it just seems impossible to find honest, objective information about insurance policies. When I go to the garage, I always keep in mind a doubt that what they’re telling me needs to be repaired is not actually broken but that the guy simply needs a few more dollars to reach his objectives. How could I know? Same thing when I go shopping for a tv and the sales guy tells me that this new technology makes a world of difference. It becomes very difficult for me to know

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