4 ONLINE INSURANCE MYTHS DEBUNKED
Let’s say that you need repairs done to your house. You call a local contractor who tells you that he is not licensed, but he can surely save you money and time.
What would you do?
Most people would be adamant against working with someone like this. So why is it that people encounter this situation every day when buying insurance, yet they choose to do so without the guidance and advice of a licensed agent?
When you go online to buy a policy, do you understand what all the coverages mean? Do you know what is best for your individual situation and exposure? We wanted to find out why “saving 15 minutes” seemed so appealing to consumers.
Myth # 1 – Shopping online will save me time.
The first thing that stood out during our experiment was the huge number of options to choose from. A simple Google search for insurance left me with tens of companies to choose from. As a consumer, I am left to make my own choice on what companies I should be getting quotes from. After visiting many websites and writing down a few quotes, I started to realize that I had spent over an hour on this search, and only had 2 finished quotes.
At Alandale, we do the shopping and comparing for you! Our comparative raters let us see up to 20 companies at a time and our knowledgeable agents know what companies can offer you the coverages that best fit your lifestyle. It seems that Myth #1 was debunked pretty quickly, so I continued on.
Myth # 2 – Shopping online is easy
After visiting multiple websites and writing down a few quotes, I noticed that each company has different wording, in some cases even different coverages that the others may not have offered. All of the different definitions and coverages started to become even more confusing as I went further along. As a consumer, you are left to figure this out on your own… or worse, you call an 800 number and speak to Joe, who may or may not know what he is talking about, but when you call him back with more questions, you’ll talk to Susie, and then Meredith and pretty soon, you will talk to 5 different people (like I did) with completely different answers.
At Alandale, you have an agent who has been tediously trained by each individual company that we work with… we can tell you what companies offer the coverages you need and what companies may not be a good fit for you. Not only do we know each company inside and out, you have an assigned agent and an assigned account representative – both of whom are licensed. Most of the time, you’ll be speaking to the same people whenever you have a question or concern.
Myth # 3 – I can choose my coverages and quote
I take a look at my current policy, and I type in the same coverages on the quote form that I am completing online and it populates a number for me…hmm, this looks good! This particular company was quoting me about $500 per year less than my current policy, and I put in my policy coverages, so I know that they aren’t taking any coverage away. Right? Wrong! After reviewing their quote in detail, I noticed that they had quoted me their “recommended coverage” which was about $300,000 LESS liability than I had asked for! Is anyone else wondering how they were able to “recommend” coverage to me from a simple online form?
Alandale’s agents take the time to ask you specific questions so that we can tailor a personalized quote and give you our recommendations based on your individual situation. It takes much more than “What type of car do you have?” and “What is your occupation?” in order to be able to truly recommend coverage to a client.
Myth # 4 – The quotes are immediate and accurate
Of course each company asked me if I had any tickets or accidents in the last 3 years… and of course, I can’t remember when that speeding ticket was! I assume it’s been three years and move on with the quote. Unfortunately this is what I encountered with most companies whom I got quotes from online- they don’t run my driving record until AFTER I purchase the policy… and apparently, that speeding ticket is still on my record. I thought I was saving $150 a year, but once they email me to tell me my rate has increased due to my ticket; I am right back where I started with no savings, and a whole lot of wasted time.
Our agents know that things happen – tickets, fender benders, even DUI’s. Our agents also know that it is important to consumers to be quoted an accurate rate. We run our reports before you buy a policy from us, we can even help you understand what is chargeable and what isn’t and let you know when you can expect points to fall off of your record. We believe that the best way to help our clients is to inform them!
The internet is a great thing; we have so much available to us at our fingertips! But some things, like the insurance you buy to protect your family and your assets, should always be reviewed by a professional. Alandale can offer you the professional advice and recommendations you need, and still provide you with a smooth purchasing experience. Even electronically if that’s what you prefer!”
If you want to save yourself the time and headache of searching for the right insurance, contact us and we’ll do it for you! All you’ll have to do is answer some questions and we will run all your information and give you some options that are right for you!