Is Shopping for Insurance Really Saving You Time or Money?

Wouldn’t it be nice if insurance were just a situation where everyone charges the same rate across the board? Everyone pays the same price, and you never have to shop around? Realistically, most people shop around for insurance because they feel as though the rate elsewhere is better. But is it really?

Why Comparing Rates Alone Can Cost You More — And What to Do Instead

Let’s dive in and see if you’re really saving or losing your time and money.

Shopping for insurance is a hassle

There is a lot of effort that goes into insurance shopping. You need to make a list of all of the options, compare the pancakes, and then call or email them all to sort out what the rates are for your make and model. You also have to repeat this for the number of things you want to insure.

Then there’s the step of going through all of the “insurance-eze” on the actual policies. If they’re worded differently from the one that you currently have, you have to do the work of “translating” them and understanding what you’re actually reading.

Different rates might not be what they seem

After you get that all sorted out, you have to do the hard work of sorting out what the different rates are going to be in real life. That is, is the rate that you see offered going to be the same as your current one? If it is cheaper, is it going to be savings enough to make the switchover worth it?

In addition, are the rates going to stay stable? Or are you just getting a promotional offer that is going to expire so many months after you sign up? There is a lot of marketing trickiness to think about when it comes to insurance rate shopping.

The alternative

What if you could guarantee that you are getting the best rate out there with minimal hassle in getting it? By contacting your local Farmers agent, you can set up regular sessions (annually, for example) are review the insurance policies that you have. Your agent will check to see if there are any new discounts that you qualify for, and will review your policies to see if there is a shake-up that can save you a few dollars.

In most cases, sticking with your existing policy gives you the best discounts that you can access. The main one, of course, is that you get a loyalty discount for each policy and each year that you stay with them. Then, there’s the fact that your local agent gets ot know you and your situation, and will adjust your policy to reflect what you need with as low a cost as possible.

You deserve to have the lowest rate, but you also deserve to have a hassle-free experience long-term. Going with your policy agent and a regular “audit” of your policies will help you to know that you are doing everything you can to keep that front-of-mind. If you’re ready to get started, call your local Farmer’s agent, Paula Smith, at (281) 488-8880 today!