Let Compass Insurance Agency Hook the Right One for You

If you have been with the same insurance company for years, it could be time to make a change. A study by the consumer advocate Office of Public Insurance Counsel (OPIC) has found that the longer a policyholder has been with an insurance company the more likely it is that they are paying more than they should. One of the major reasons consumers stay with the same company even when they know they can get a better deal is that shopping insurance is difficult and time consuming. While this is true it is especially important to make sure you are receiving a competitive rate. Every insurance company bases their rates off their own unique set of data and claims history. Even if you were receiving a great deal with great coverage before some life events have probably changed the equation. Another factor is the losses that that company has had. If they had a bad year they could increase rates to offset the losses.

The Auto Side of Insurance

Auto insurance rates vary greatly depending on how often you drive, what type of car you own, plus the coverages you choose. A crucial time to shop for car insurance is when you purchase a new car. You will want to make sure you are covering that shiny, new vehicle with the proper coverage to keep you and passengers protected. However, by checking insurance rates you can find the company that will offer you the best bang for your buck. Another ideal time to shop around is years after a ticket or accident, some companies will keep record of those tickets or accidents and that can affect your premium. If you are aware of the different influences to your insurance premiums it can make all the difference to your wallet.

The Homeowners Side of Insurance

Homeowners insurance is one of the most volatile insurance markets. It is also the one we think about updating the least, which could be costing you hundreds! You may not even be receiving the proper amount of coverage for your household. If you added up all your personal belongings and precious assets would your personal property coverage be at a sufficient amount to replace all of it? We would like to think it would, but the sad truth is that it probably wouldn’t cover that new 70” HD flat screen TV.

You Never Know Until You Try

We know it can be a daunting task to call 10 companies to get 10 rates, but an independent insurance agency can do the work for you. At Compass Insurance Agency we work with over 17+ insurance companies, our friendly crew of knowledgeable agents will search for a policy that fits your needs. Speak with an agent today and let us help you search the “sea” and find the right insurance company at the right price.