Shopping for auto insurance? Here's a few tips to help you be a better shopper..

Posted by Uni Aguilar on Wed, Aug 10, 2011 @ 00:08 AM

Are you shopping for auto insurance? Many customers are lured in by low prices offered by agents over the phone. Unfortunately, most of those prices are phony. Become a more sophisticated shopper by applying a few tips that I suggest for you:

  • Have a "baseline" - a set coverage that you want to be quoted at. You could get a quote with a company that is offering you one level of coverage, while another will give you a quote based on a different level of coverage. Essentially, make sure to compare "apples to apples". You will obviously get a lower price when you get quoted lower coverage.
  • Be wary of anyone that offers you a quote and does NOT ask you about your driving record. Your driving record is a major factor in determining the price. Usually agents that don't ask questions about your driving record are only interested in getting you in the office by offering you the lowest quote possible, and use a bait and switch tactic, by not offering you an "honest" quote. Other questions that should be asked is marital status, commute miles, & occupation.
  • Although the purpose of shopping around for your auto insurance is to get the most for your money, please always remember that you get what you pay for. There are various companies out there that you have never heard of that offer really low rates, excellent coverage, but extremely bad service, whether it be customer service or service during a claim. There are always exceptions, but "brand" companies tend to work harder to keep their brand's reputation as good and clean as possible.
  • When and where possible, give the salesperson your driver's license number, and the VIN (vehicle identification numbers) for your vehicles. This will ensure a more accurate quote, because a VIN will tell the agent exactly what vehicle they are dealing with, and also, your motor vehicle report will ensure that they know what is on your driving record.
Use these tips to narrow down the good brokers/agents from the bad. Also, these tips will give the person on the other side of the phone the impression that you know your stuff, and this will likely lead them to take you more seriously and not use their "tricks". Lastly, it helps you achieve your goal: to get the best rate possible based on the same information you provided. Give us a call, and let ME quote YOU :).

Topics: coverage, auto, rates, insurance, riverside, Full coverage, liability

"Full Coverage" Auto Insurance Explained

Posted by Uni Aguilar on Tue, Nov 09, 2010 @ 17:11 PM

For my first blog on insurance I will write about THE most commonly used and most misleading term used in insurance: "full coverage" auto insurance. I have been wanting to write about this for so long because it is so widely used and misunderstood, it is important for me to educate my clients and whoever cares to learn about this widely used term. What is wrong with the term "full coverage" auto insurance? Why is it important that this term be debunked? Here's a few reasons:

  • "Full coverage" does not exist. You will not find "full coverage" listed on your declarations page, application or in any documentation you receive from your insurance carrier. As insurance agents, in our pre-licensing stages, there is no text that defines "full coverage" auto insurance.
  • "Full coverage" is a term used by car salesman who do not have a license to sell insurance, or a person selling you an insurance policy who is NOT licensed to sell insurance, or worse, by a person who is licensed but does not advise & educate you on the term. Explaining to a customer that "full coverage" does not exist adds 5 extra minutes to the sales cycle - there are some people who do not want to take that extra step.
  • "Full coverage" implies that everything is covered. "Full coverage" - those 2 words are very powerful as far as gaining a customer's trust and confidence, however, no policy in the world, even the most exotic and expensive, will cover everything. Be very wary of anyone that tells you "everything is covered".
  • "Full coverage" oversimplifies a not-so-complicated but not-so-simple to understand policy. By you not understanding that this term is in fact not a coverage at all, you put yourself at risk for being underinsured or not being covered at all! Learning that something is not covered when it was what you actually needed makes you feel sick! I can personally attest to this feeling. It is a feeling you want to avoid.

Your auto insurance policy has many options. Every person has different needs, so one policy can look very different than another, not just in terms of price, but in coverage as well. Remember, auto insurance is not a commodity, like a phone that Wal-Mart buys 100,000 units of and sales it to you at a discount, you cannot buy auto insurance in bulk, as many commercials who advertise "$17 a month insurance" would have you think. When shopping for auto insurance, and, when deciding to actually buy, don't skimp on coverage & definitely STAY AWAY FROM anyone that let's you walk away without explaining to you what "full coverage" really is.. or is not.

Topics: coverage, underinsured, Full coverage, auto insurance, myth, explained, defined, debunked, liability