Toll Free: 1-877-658-2472​​
Advantage Insurance Solutions
  • Home
  • Quotes
    • Business Quotes >
      • Business Insurance Quote
      • Business Owners Package (BOP) Insurance Quote
      • Commercial BOP WebRate
      • Workers Compensation Quote
      • Cyber Liability Quotes
    • Specialty Line Program Quote
    • General Liability Quotes
    • Umbrella Insurance Quote
    • Commercial Property Quote
    • Professional Liability Insurance Quotes
    • Commercial Auto Insurance Quotes
    • Errors & Omissions (E&O) Quotes
    • Directors & Officers (D&O) Quote
    • Employment Practices Insurance (EPLI)​ Quotes
    • Inland Marine Quotes
    • Product Liability Quotes
    • Special Events Quotes
    • Liquor Liability Quotes
    • Medical Malpractice Quotes
  • Service
    • Report a Claim
    • Make a Payment
    • Update Contact Info
    • Policy Changes
    • Proof of Insurance
    • Contact My Carrier
    • Online Documents
    • Free Consultation
  • Insurance
    • Business >
      • Business Insurance
      • Cyber Liability Insurance
      • Business Owners Package (BOP) Insurance
      • Insurance Bonds
      • Workers Compensation
    • Specialty Line Programs >
      • Commercial Child Care Facilities
      • Contractors Insurance
      • Driving School Insurance
      • Fire Suppression
      • Food Trucks Insurance
      • Garage Insurance
      • Marijuana Insurance
      • Pet Insurance
      • Truckers Insurance
    • Commercial Property Insurance
    • Professional Liability Insurance
    • Commercial Auto Insurance
    • Errors & Omissions (E&O)
    • Directors & Officers (D&O)
    • Employment Practices Insurance (EPLI)
    • Inland Marine
    • Product Liability
    • Special Events
    • Liquor Liability
    • Medical Malpractice
    • General Liability
  • About
    • Staff Directory
    • Client Testimonials
    • Refer a Friend
    • Insurance Carriers
    • Agency Photo Gallery
    • Reviews
    • Privacy Policy
    • News
    • Blog
  • Contact
  • Home
  • Quotes
    • Business Quotes >
      • Business Insurance Quote
      • Business Owners Package (BOP) Insurance Quote
      • Commercial BOP WebRate
      • Workers Compensation Quote
      • Cyber Liability Quotes
    • Specialty Line Program Quote
    • General Liability Quotes
    • Umbrella Insurance Quote
    • Commercial Property Quote
    • Professional Liability Insurance Quotes
    • Commercial Auto Insurance Quotes
    • Errors & Omissions (E&O) Quotes
    • Directors & Officers (D&O) Quote
    • Employment Practices Insurance (EPLI)​ Quotes
    • Inland Marine Quotes
    • Product Liability Quotes
    • Special Events Quotes
    • Liquor Liability Quotes
    • Medical Malpractice Quotes
  • Service
    • Report a Claim
    • Make a Payment
    • Update Contact Info
    • Policy Changes
    • Proof of Insurance
    • Contact My Carrier
    • Online Documents
    • Free Consultation
  • Insurance
    • Business >
      • Business Insurance
      • Cyber Liability Insurance
      • Business Owners Package (BOP) Insurance
      • Insurance Bonds
      • Workers Compensation
    • Specialty Line Programs >
      • Commercial Child Care Facilities
      • Contractors Insurance
      • Driving School Insurance
      • Fire Suppression
      • Food Trucks Insurance
      • Garage Insurance
      • Marijuana Insurance
      • Pet Insurance
      • Truckers Insurance
    • Commercial Property Insurance
    • Professional Liability Insurance
    • Commercial Auto Insurance
    • Errors & Omissions (E&O)
    • Directors & Officers (D&O)
    • Employment Practices Insurance (EPLI)
    • Inland Marine
    • Product Liability
    • Special Events
    • Liquor Liability
    • Medical Malpractice
    • General Liability
  • About
    • Staff Directory
    • Client Testimonials
    • Refer a Friend
    • Insurance Carriers
    • Agency Photo Gallery
    • Reviews
    • Privacy Policy
    • News
    • Blog
  • Contact

Rates, rates, rates....

8/4/2017

0 Comments

 
Picture
While scrolling through Facebook the other day, I noticed an ad for a well-known insurance company and since they are my competitor I started scrolling through the comments to see what people had to say about them. There were many comments for and against this company but the majority of the comments were about how this company kept raising their rates. In the world of insurance, rate is probably the biggest deciding factor on choosing a company. As a broker it's the driving force behind how we choose the company that would be best for our clients so I am no stranger to the rate game. However, while the rates vary dramatically from company to company, there are very good reasons why insurance companies have to take rate increases.
Take a walk outside and name the color of the cars that you can see. You will probably see a black car, a blue car and no doubt a red car of some type. Now walk closer to those cars; do they have metallic flecks in them? Is the paint really brilliant? Of course they are! This is because car manufactures are no longer making just plain white, black or red cars. They now have colors like, Ardent Red, French Racing Blue, Tangerine Scream Tri-Coat, Artic White and many more.  These new colors cost more than your standard colors did to manufacture, so to replace them if you are in an accident, it costs more.
Now take a look at your headlights. Back in the day they cost about $20.00 give or take. Today a headlight, for my 2017 Ford Escape is right around $300.00. This is because the cars of today have special LED lights, Halogen, or Xenon lights and those are just the top 3. Headlights are no longer a simple thing to fix and cheap to get. Many times if you are in an accident the repair shop will have to order the headlight which will add to the cost of your repairs.
Next, let’s face it, not everybody out there is insured the way they should be, if at all. When you purchase insurance, you are buying it, by law, to protect the other drivers on the road. You purchase comprehensive and collision coverage to protect your car. The other day when I was driving with my finance’ he asked me why we pay for insurance; the answer was actually a lot simpler than I thought. We pay for insurance because drivers do not want or choose not to obey the laws of driving. In essence we pay for other people’s mistakes.
So now, I know what you are saying, you are still asking why insurance rates are so high. Well the answer is this. While you are driving your 2016 Honda Civic, some person is speeding and doesn’t see you and swerves into your lane and hits you. When they do they wipe out the paint and the front right headlight. You take it to the shop and low and behold it is over $5,000 to fix the dent, repaint your Tangerine Scream Tri-Coat paint and replace your Xenon headlight. Let’s face it folks our want for better, fancier, and more technically advanced cars are what’s driving up the price of insurance. Couple that with increases in accidents from over crowed streets and highways and it is the perfect storm for higher repair prices.  As we all know, it runs downhill and the consumer is at the bottom of that hill. Unfortunately, this is just a couple of the reasons, there are many more, but know that as a broker, it’s our job to do all that we can to make sure that your rates are fair and as low as possible.
0 Comments



Leave a Reply.

    Media Inquiries

    1-877-658-2472​
    ​4380 S Syracuse St
    Ste 308
    Denver, CO 80237​
    Click Here to Email Us

    Archives

    August 2017
    July 2017
    June 2017

    Categories

    All
    Awards
    Events
    Local
    Partnerships
    Staff

    RSS Feed

Navigation

Homepage
Insurance Quotes
Policy Service
Insurance Products
Contact Us
Privacy Policy
Agent Login

Connect With Us

Share This Page

Contact Us

Advantage Insurance Solutions
4380 S Syracuse St
Ste 308
Denver, CO 80237
Toll Free: 1-877-658-2472​
Click Here to Email Us

Location

Website by InsuranceSplash