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Let’s take a look at these issues. An agent makes approximately 10%-15% on workers’ compensation and 15%-20% on property and general liability policies every year - some cut special deals with the insurance carriers for higher commission rates. Some are as high as 30%. This is a percentage of the total premium. In addition to this, the agency gets an additional contingent amount of money if the agency writes a certain volume of profitable business with an insurance company. So in fact, there is an incentive to write business with some insurance carriers over others - how much commission up front, how much back in profit sharing.

When you receive your insurance proposal does it list the commission on the premium page? Does it tell you what the agency will get if they write business with that carrier? Most agents do not give you the commission amount and agents never say what the contingent profit sharing plan is with each of their carriers. Does your agent work for you? No, they (more...)

It’s quite easy to get a lower rate. You only need the right tips and the resolve to practice what you’ll be taught to get it. Let us now look at a few sure-fire ways to get more for a lot less…

1. According to statistics from a reliable source, more than 3 out of every 10 liability claims (which amounts to a sum of $1 billion) each year are as a result of dog bites. Dog owners, therefore, should expect more expensive home insurance premiums. Nevertheless, keeping your dogs in a place where they can do no harm will make you spend less.

2. You will pay lower home insurance rates if you get group home insurance. You should be aware if your employer offers such. You can check with associations you belong to because they may have group discounts for home insurance.

Though, before you use this option, compare the rates you’ll get from such an association with what you’ll spend with another insurance company. You can get an insurance company that your associati (more...)

Some families end up suffering for certain insurance policies because their parents had not consulted widely enough or taken certain factors into considerations before they allowed themselves to be swooned into an unprofitable deal. And you can easily guess who suffers for such ineptitudes.

But if you don’t want yourself or your immediate family to suffer for the above, here are some things to put at the back of the mind:

1. Your family will attract great insurance rates if you allow them to often treat themselves through self drug medication. Or where the family uses drugs that have not been certified by appropriate authorities as safe, you will attract very high rates. This is because you are actually endangering your family health and it will certainly boomerang on the insurers.

2. You should note that while it is easier to offset your premiums monthly, it does not really pay you in the long run. You certainly end up paying more in some other way. This is because whenever yo (more...)

Best insurance quote: There are a good number of ways open to anyone who plans to get cheaper rates. But while some of them may save you some money, they could leave you with inadequate coverage. I do NOT generally recommend such options as they rubbish the main purpose of insurance in the first place. Therefore, I’ll only show you tips that will as well have you adequately covered despite saving you much. Here they are…

1. Using emergi-centers or no-appointment ambulatory care centers will help you lower your cost. This is especially correct if you are generally healthy and find it a little difficult to pay for traditional health insurance. If you make a comparison with an emergency room in a hospital, emergi-centers cost a lot less.

2. For those who have a health condition that makes it tough or too expensive for them to enjoy private individual health care coverage, the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) insurance should offer a cheaper alternative. (more...)

Almost every insurance company out there has a website. Insurance companies pay big money for advertising and there are many insurance agents out there just chomping at the bit to get their commissions. How do we see past the greed and self-interest to get the best insurance online quotes for our insurance needs? Well, let’s break it down by insurance types.

Insurance Online Quotes - Home Insurance
Getting the right home insurance is one of the most important things you can do. Most insurance companies these days insure by a value amount. What does that mean? It means that if you insure your house for $250,000 and it costs $350,000 to replace the home, guess who pays the difference? Yes, you figured it out, you are on the hook for the difference. Getting the best deal means making sure you know how much it will cost to replace your home and insuring it only for the amount you really need. If you take the example above, insuring the home for $650,000 would be a waste of your money becaus (more...)

You can save big time on your insurance policies if you take the time to read and implement the right tips. Let’s look at a few things you can do to save yourself a lot of money…

1. Smoke and fire detectors will go a long way in lowering your home’s fire risk. Fix the right numbers of smoke and fire detectors for your size and type of home if you intend to use this to get lower premiums. If you have them, always remember to replace their batteries twice every year.

The reason for this discount is that such detectors make it a lot easier for fires to be spotted before they can cause any damage. And because the risk of fire in a home is a defining factor in working out home insurance premiums, you’ll pay far less by taking this step.

2. Having your premium deducted automatically from your account will result in more affordable rates. If you don’t have an idea on how to do this, ask your banker or agent. Apart from being easier, you’ll be given a disco (more...)