Today, let’s look at the first in our series of mistakes that many people make when shopping for insurance coverage. Insurance premiums are based on statistical data that insurance companies collect to try and predict the likelihood of a claim by you.
This information, which each insurance company uses to determine their rates, can vary significantly. Your age, you’re driving record, your credit, where you live, work, etc. are all used to calculate the premium.
Taking the time to contact multiple companies can ultimately save you a significant amount of money. Independent Insurance Agents, like MrInsurability, represent many companies, so one call will usually get you multiple quotes. It’s definitely the best way to go!