When a consumer shops for car insurance online, little do they know that is like playing a game a chess against a super computer. There are so many variables that just one error like, AGE, ZIP, SEX, license number and any one of the myriad of amounts, deductibles can change the cost of your insurance SUBSTANTIALLY.
The ads on Radio, TV all say just one thing…SAVE MONEY…How?
Here is the key question. Save Money as Compared to WHAT?
How does one compare one insurer against the other?
The only true way to know this is to provide agents with your RFP.
Request for a Proposal.
Below is an RFP that you should use to compare the cost of specific coverage.
Now remember one huge thing, the purpose of insurance is NOT saving money. The purpose is to make you and your damaged property whole and that is a much bigger problem when you are shoved into playing the Insurers CLAIM GAME.
Think about this. If you buy cheap insurance what happens when you file a claim?
Do you think that the insurer will recommend or direct you to the best repair firm in your area or the repair firm that provided deep deep discounts, low paid labor and uses phony or used replacement parts?
Excerpted from “Auto Insurance Tricks & Repair Rip-Offs” Copyright © 1994-2021 by Ron Alford.
R.F.P.
REQUEST FOR PROPOSAL
Date __________________ Dear Insurance Agent: I am interested in receiving a quote from you to insure a vehicle that I now own or am about to purchase. Please take careful notice that for each driver of this vehicle, I have submitted a separate “Driver Information Form.” If there are no other driver information forms attached, then I am the only driver that will drive this vehicle during the policy period unless my situation changes. Please complete the form in its entirety. A blank line will indicate to me that you do not offer this coverage. To assist in getting a prompt reply, fax your quote to me at ( ______ ) _ _________________. If you have any questions, I invite your call and I look forward to your prompt response. Respectfully submitted, _________________________
DRIVER INFORMATION
Mr. Mrs. Ms. Dr. Last ______________________ First _______________ Initial ____ Address _________________________________________________ City __________________________ State _____ Zip ___________ Phone: Day ( ) ______ ________ Eve ( ) _______ _________ SSN ___ ___ ____ [ ] Male [ ] Female DOB ___/ ___/ ___ My ______ State Drivers License No. is ______________________ Age first Licensed ____ Single [ ] Divorced [ ] Married [ ] Occupation ______________________________________________ I am presently insured with ______________________ Insurance Co. My present insurance expires on ___/___/ ____. I expect to drive this vehicle _________ percent of the time insured. I drive this vehicle ____________ miles one way to work daily. Last year I drove a total of _________ miles. I expect to drive this vehicle _________ miles during the next 12 months. I do / do not use this vehicle for business purposes. I have had driver training in the last 3 years. [ ] Y [ ] N I have had [ ] vehicles stolen in the last 5 years. I have been involved as a driver in [ ] accidents in the last 5 years. I have been given [ ] traffic violations in the last 5 years. I have ____ points on my license. I have worked at my present job for [ ] years. I [ ] Own my home [ ] Rent [ ] Live with parents [ ].
VEHICLE INFORMATION
Year _____ Make ________________________________________ Model ___________________ Sub Model ____________________ Vehicle ID #____________________________________________ [ ] 2 door [ ] 4 door [ ] Van [ ] Pickup [ ] Convertible [ ] Other _______________________ This vehicle is equipped with [ ] Driver air bag [ ] Passenger air bag [ ] Automatic Seat Belts [ ] Anti Theft Device [ ] Passive Alarm [ ] Anti lock brakes [ ] Alarm system: ______________________ [ ] Other _______________________________________________ At night vehicle is kept [ ] on street [ ] driveway [ ] carport [ ] garage Its current odometer reading is _______________________________ I have current photos of this vehicle to attest to these statements Y N This vehicle does / does not have damages valued at more than $200.00. Comments:
Coverages List
Based on the information above, please quote prices on each of the coverages below. I will choose the coverage I want after a price for each has been quoted. If you do not sell insurance as written, please mark each coverage N/A (not available). General Liability 10/20/5 ------------------------------ $ _____________________ 20/40/20 ---------------------------- $ _____________________ 50/100/50 --------------------------- $ _____________________ 100/300/50 -------------------------- $ _____________________ Uninsured Motorist 10/20/5 ------------------------------ $ _____________________ 20/40/20----------------------------- $ _____________________ 50/100/50---------------------------- $ _____________________ 100/300/50-------------------------- $ _____________________ Under insured Motorist 10/20/5------------------------------ $ _____________________ 20/40/20 ---------------------------- $ _____________________ 50/100/50 ---------------------------- $ _____________________ 100/300/50--------------------------- $ _____________________ Personal Injury Protection Circle one $50,000, $100,000, $300,000, $500,000 $ __________________ Physical Damage Deductible Circle only one: Collision - $500/$1,000 deductible $ __________________ Full glass coverage / no deductible $ __________________ Comprehensive - $250 /500 /$1,000 ded. $ __________________ Towing and labor / $50 per occurrence $ __________________ Rental reimbursement / $____ daily $ __________________ Stated value in the amount of $ _____ __________________
Cut along this line before sending to the agents
CUT ____________________________Cut along this line __________________________CUT
Final Instructions
When you have obtained WRITTEN not VERBAL quotes from 4 insurance companies, you can insure that your insurance company will perform as expected by having your four candidates rated by how they treat claimants and pay claims.
Click Here To find out how these companies treat you as a victim.