Recently I had a conversation with a local auto dealer who was asking about the factors that go into an insurance rate. He had a client that was replacing a vehicle with a 5 year newer one and they were surprised that after contacting their insurance agent that they would be paying $2000 more per year. I asked him to please put me in contact with them to see if I could save them money.

Things can and do change. The fact is that your Insurance score can improve over time. I was curious to see if I could shop the rate for this client and save them money. Shortly after my conversation with the dealer I got a call from their client who allowed me a chance to do so. I asked a few questions and found that they had been with their current insurance provider for the past several years. Since that time, they hadn’t had any tickets or accidents in over 5 years. It was determined that indeed their insurance score had improved and when the new score was calculated the savings was huge. I was able to save them $1200 a year on their premiums.

Quite simply this case was a matter of the current carrier not updating the client’s insurance score. They just automatically used the old score with the new vehicle. When you switch insurance providers your Motor Vehicle Record (MVR) as well as Claims History is updated. If you’ve been a good driver this is a great reason to call me to have your insurance score updated so you’re not overpaying for your insurance.

Bryan McCarty

Trusted Insurance Advisor

Posted 9:16 AM

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