Cheap Car Insurance NOT the Best Value,When you have client in the car

By
Services for Real Estate Pros Insurance NPN # 13379201

Auto insurance is not like other consumer products. While you might go to the grocery store looking for a cheap brand of paper towels or frozen vegetables.

Auto insurance is not a product that should be substituted with a “cheap” option; and honestly, you don’t want it to be.

The real value of your auto coverage stems from its ability to make you whole after suffering a financial loss due to an insurable event. It also creates value by protecting you from serious liabilities that could completely wipe out your savings.

If you are driving clients in your car and showing them homes. You  want to make sure you are properly covered in case there is an accident.

When you purchase cheap auto insurance instead of considering the value of the policy and the protections it provides, you are looking only at the price. If you’re not careful, this can lead you to obtain a policy that does little to protect your family from the financial damages that can follow a covered incident and could mean that you forsake your savings for your premium.

 In addition, buying cheap auto insurance can mean that you purchase from an insurance company that does not have the financial ability to meet their promises, which adds even more potential for financial damages to your plate.

Instead, when shopping for auto insurance, evaluate the value of the actual policy and how it can protect you, your family and your savings after an accident instead of just looking at the premium.

You should also keep in mind that premiums are dynamic. They can be influenced by driving courses, safety measures and an improved driving record.

By taking measures to improve your driving habits, the premium quote you get today can be reduced in the future without forsaking a policy’s actual value.

We welcome the opportunity to serve your auto insurance needs.

 

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Comments (14)

Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

We have a P&C insurance agent in in our BNI group, very knowledgeable. She is aways talking about this topic, unfortunately there are plently of people that just don't listen.

Feb 15, 2013 08:15 PM
Frank Laisch
Orlando, FL
"The Insurance Guy"

I am with you Joe, People look at what they are REQUIRED to have and most times not much more

Feb 15, 2013 08:17 PM
Carol Zingone
Berkshire Hathaway Home Services Florida Network Realty - Jacksonville Beach, FL
Global Realtor in Jax Beach, FL - ABR, CRS, CIPS
Frank - I have a commercial policy on my car, as well, to limit any personal liability.
Feb 15, 2013 10:18 PM
David Cole
David Cole CPA - Orlando, FL
David Cole CPA

Frank, Maybe I need to look at my coverage. I do take clients out often and should adjusted it accordingly

Feb 15, 2013 10:56 PM
Frank Laisch
Orlando, FL
"The Insurance Guy"

Carol, I am glad to hear that you have the good coverage

David, yes, you should make sure you have good coverage, especially if you have clients in your car often

Feb 15, 2013 11:26 PM
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Worse yet is you are hit by a driver who only is insured to the STATE MINIMUM. We had our daughter's 7 month old car get hit and totaled by a pizza delivery guy who had Safe Auto and their $5,000 minimum coverage in PA  . My daughter loan balance was $19,600 and Safe Auto was thinking about giving us $5,000 towards it !!! Thank goodness for our insurance Co., Liberty Mutal and that we had "gap coverage" !!!!!!!!

Feb 15, 2013 11:54 PM
Frank Laisch
Orlando, FL
"The Insurance Guy"
Michael, first off, I am sorry to hear about your little one going through that. State minimum insurance does not cover much. Liberty mutual has some great programs & rates. They are one of many carriers we utilize to get great rates
Feb 16, 2013 03:24 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Frank great advice.  I would equate shopping for the cheapest car insurance with shopping for the cheapest Doctor.  Neither one is a very good idea.

Feb 16, 2013 09:54 AM
Frank Laisch
Orlando, FL
"The Insurance Guy"

George, I completely Agree! I wouldn't want either one. I've seen too many people loose out after an auto accident because they didn't have enough coverage

Feb 16, 2013 07:47 PM
Amy Stockman
Lakeridge Land Suveying & Mapping, LLC - Winter Garden, FL
Lakeridge Surveying

Frank, this is something to think about. we don't have clients in the car, but when on business you can never be too over insured

Feb 16, 2013 10:22 PM
Sabrina Schirmer
National Insurance Solutions, LLC - Winter Haven, FL

this is something Agents to think about. you want to make sure you have the right coverage if you are taking clients around

Feb 18, 2013 12:24 AM
Diana Zaccaro
Tropical Beachside brokered by eXp - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

Frank, This is a great topic with good information. We have good coverage with a good company but I was debating adding an umbrella policy. Carol #3 mentioned having a commercial policy so now I will look into that also.

 

Feb 20, 2013 03:12 AM
Frank Laisch
Orlando, FL
"The Insurance Guy"

Amy, Sabrina & Diana, Thanks for stopping by and commenting. It is good to make sure you have the right coverage

Diane, please let me know if we can help give you options on your insurance

Feb 20, 2013 08:15 AM
Insurance Solutions
Insurance Solutions Unlimited, LLC - West Palm Beach, FL
Insurance

Having the right coverage is very important. if you use your car for business and drive clients around. The extra coverage could help avoid any financial hardships later on

Feb 24, 2013 07:22 PM

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