Answers
I'm about to get a car, and i'm thinking about car insurance. The thing is, I don't know whether should i go to an insurance broker, or just shop around doing all these web quotes and find the cheapest out there and call them directly. Should i just do this or should i contact an insurance broker? What are the pros and cons of dealing w/ insurance broker? thanks
With all due respect to Bundysmom (who is normally dead on with claim/accident answers) I believe you are better off going through a broker.
If you deal direct with a company or one of their "captive agents" (an agent who only reps 1 insurance company) you end up with no comparison shopping at all. I can't agree with that on any level. Auto insurance is a product like anything else and most people try to get the best value for everything they purchase and insurance should be the same way.
A broker or independent agent will be able to give you quotes from many different companies showing the difference in prices.
Sure some brokers are idiots and crooks but so are captive agents. The best advice I can give you is to go to an agent that is recommended by a relative or friend.
My agent is the daughter of the agent my father used, so I had a great recommendation about the agent and I would never consider buying direct off the internet. I get good service and advice and she does a great job of checking with me to see if I NEED additional coverages. A captive agent can do that for you also but without the ability to provide comparison prices.
Try to avoid buying direct online without an agent unless you are knowledgeable about insurance coverages. Last week there was a person on this site who bought a policy online but didn't do it correctly and had an accident and found out the hard way that they did not purchase collision coverage so now they have car payments on what has become a giant paperweight.
Be careful and good luck.
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i dont trust online quotes - just run a couple of them and each time i run they show other numbers
Try confused.com
or google search asking for London insurance brokers
You need to sign up with an insurance company as an Associate. You won't be paid a salary but your income will be determined by how much you sell. The more you sell the more you'll get paid.
You get yellow pages out and phone everyone! They are used to getting this kind of calls just be quick and to the point when asking.
My car insurance is up for renewal. Switching to new company. I have full no claims bonus but have just realised I made mistake on proposal form. It asks about accidents in last 5 years regardless of blame to which I confused my full NCB and answered NO.
Thing is I had a totally non fault accident 3 years ago and cost of my damage was recovered from the other person. I did claim on my comp policy first though and so the answer should have been Yes.
I have just realised this now on rechecking a copy I made of the proposal form. I cannot get through to the broker and have already made payment on the policy which is not yet in force.
Can the insurance company now refuse to insure me altogether?
It was a genuine mistake which I just want to rectify. Will they offer me terms on increased premium or are they likely to take issue with my initial non disclosure?
I am aware I need to disclose this or my policy will be invalid.
don't worry about it! they WILL find it on your CLUE report, but they will simply ask that you provide PROOF that the accident was NON-CHARGEABLE. you can get started on this now. ask your previous insurance co. for a "letter of experience" which will include any claims and whether or not they were chargeable. fax this letter to your new broker w/ your new policy# written on it.
when you answer questions on an applicaiton, you are answering to the "best of your knowledge". making an honest mistake is fine. insurance co. understand that you are human.
hope this helps!
Suncorp in the lead as banks upgrade systems
SUNCORP has finished its core systems upgrade as its big four banking competitors begin their own technology makeovers.
In the process, the banking and insurance group has chopped policy application processing from weeks to inside a day.
Suncorp has lain low in the highly publicised race as the big four local banks have committed billions of dollars to core application upgrades to speed application development and increasingly automate processes for customers.
The bank shot out of its competitors' wake when chief information officer Jeff Smith confirmed it had completed all segments of its core systems upgrade.
Mr Smith said the new platform delivered "straight-through processing" technology capability to provide highly automated and easier-to-use products and services. Straight-through processing had been built into the GIO internet motor insurance application and Sun Central broker platform through automation of most underwriting and insurance pricing rules, he said.
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...News
Suncorp in the lead as banks upgrade systemsNEWS.com.au - Oct 26, 2009
In five weeks the bank developed an iPhone-based claims application for the Just Car insurance brand. This short project cycle was enabled by a project to and more »Sacramento Bee - Oct 25, 2009
Claudia Buck: Shop, but don't drop, car insurance policiesOr you can call insurance companies directly or contact a local broker-agent, who represents a number of individual companies and can quote comparative and more »Money Saving Expert - Oct 22, 2009
If you can't find a decent quote, use a broker. You can normally find one via the British Insurance Brokers' Association (Biba) website (link below).Motor insurance premiums rise at record rateCar insurance rising at record rateCar insurance set to rise by 14% this year -all 47 news articles »
PR Web (press release) - Oct 25, 2009
'Car Pervert' Dodges Big Insurance Charges on Dodge ChargerGerry Bucke, commercial director of Adrian Flux, says that their experience comes from Flux's own origins as a specialist broker in another area - insurance
PR Web (press release) - Oct 24, 2009
Typically owners of kit cars and classics will use these schemes – they may only drive the car 500 miles a year. But these days brokers like Flux can offer