Underwriting Mistakes Can Cause Your Auto Insurance Rates to Increase!
Last 12 months earlier than it was time to resume my auto insurance coverage, I acquired a letter from my insurance coverage firm telling me my renewal charges would improve by over 30% as a result of I had acquired two rushing tickets.
I've been driving for over 40 years, and have by no means had a dashing ticket. I was livid, and determined to look into this myself earlier than complaining to my insurance coverage agent.
There is a web site that permits you to analysis Maryland court docket circumstances. You merely kind in a primary and final identify, and may see all circumstances-site visitors, civic or prison-that an individual was concerned in because the web has been in use.
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| Underwriting Mistakes Can Cause Your Auto Insurance Rates to Increase! |
I was capable of finding on the market was one other lady with the identical first and final title as me, who coincidentally had the identical start month and 12 months as I do. (How scary due to identification theft, however that is a subject for one more article.) However, her center title is totally different, and he or she lives in one other county in Maryland. She had two dashing tickets, and the dates matched what the insurance coverage firm referred to of their letter to me.
My insurance coverage firm apparently had discovered this identify & these tickets, assumed it was me and did not hassle to look additional to confirm that it was me.
I despatched a letter to the state Insurance Commissioner, complaining about this error that brought on me to be put into the next charge bracket. I additionally faxed copies of the court docket data to my insurance coverage agent. Once their error was admitted, my insurance coverage firm did cut back my premium, however I determined to not renew with them since that they had made such a lazy mistake.
I consider rewarding poor customer support by persevering with to do enterprise with that firm solely invitations additional poor customer support. It's okay to fireside your insurance coverage firm, or any firm that does not deal with you want their Number One buyer.
The lesson right here... if you happen to preserve a great driving document, avoiding accidents and tickets, make sure to learn all correspondence out of your insurance coverage firm at renewal time. Question any errors and comply with as much as be sure to are getting one of the best charge to your driving document.
It's additionally an excellent apply to buy automobile insurance coverage yearly. I do, and I work with an insurance coverage dealer who has entry to many alternative firms. Every 12 months she finds an organization that gives me a greater deal.
You now not want to stay loyal to similar insurance coverage firm 12 months after 12 months. They spend loads on advertising and promoting to get you to enroll with them, however do not spend the cash to retain you as a buyer. Shopping on-line for insurance coverage is nice, however you might wish to spend the time on a cellphone name to a dealer to search out out if it can save you extra in your auto insurance coverage.
I have a concept that if each driver would store their charges yearly as a substitute of blindly accepting the upper renewal charges, the insurance coverage corporations would understand it is cheaper for them to maintain their prospects and they might scale back their charges for present buyer who preserve good driving data.
