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| Home, Business and Auto Insurance Quotes |
You've probably noticed on TV and radio adds that most insurance companies claim they have the best insurance rates on the market. In fact, most of them claim they will save you lots of $$$ just by switching to them. There is nothing wrong with this marketing strategy, as long as the business can honestly prove that their statement is true. The question is, how do you know whether this business is truthful or not?
Yes, most business can make a case as to why they are your best choice. However, when it comes to purchasing choices, yours is the responsibility to get educated on the subject, in order to make wiser decisions, and here is where you come into play. Remember the word "competition"? Competition, in addition to constitutional laws, rules, regulations, people integrity etc., is what makes this and many other free countries great. Competition controls inflation and it is what refrains dishonest businesses from selling their product at any price they want.
Loyalty used to rank high in our society and a handshake used to be enough to seal the deal. Customers and vendors used to have reciprocal loyalty. If you were a good and loyal customer the vendor would return the favor with their best price for goods or services. Unfortunately, our society has been diminishing and rapidly changing the perspective on loyalty, forcing people to modify their ways of thinking and ways of doing business. Have you asked yourself what it would take for your insurance company to drop you? Or how loyal is your insurance company to you?
As Ronald Regan said, "trust but verify." The wisdom of his advice holds true in most cases. Therefore, if you have been doing business for some time with your insurance company, or any other business for that matter, it would be wise to implement Ronald Regan's advice. Verifying or requesting quotes from other businesses will let you understand how well your present company is working for you.
In our own experience, using the same home and auto insurance company for almost twenty years, my wife decided one day to implement the "trust but verify" theory, and we were surprised of what we found out; for several years we had been overpaying dearly to our insurance company.
Being that we wanted to continue loyal to this company, we picked up the phone and called them to see what they could do for us. The insurance representative went over the numbers on the insurance policy and found a very insignificant deduction, trying to keep us happy. It was only after we had switched to their competitor's that they called us and offered to match the price.
Bottom line, you should do your homework prior to purchasing insurance. Being loyal to a business doesn't necessarily mean their loyalty will be reciprocal.