The onus is always on you, the consumer to find out what is the lowest rates you are eligible for. Whether it is auto insurance or even small things like cellphone contracts or cable provider. Then again, finding a good deal, or rather, the best deal isn't always as straightforward as we'd imagine, even with time.
Well, insurers are not actually required to let you know whether you can get a lower rate. So, of course, it is hard to tell whether you are getting the best deal. And, if you are comparing insurance, it is quite easy for one insurance to half the price another.
The problem, lies with the fact that, insurance agents work on commission - and higher premiums translate to higher income for the agent. These agents on average collect a commission of 8.5% of the premium.
To be continued..
Find out more from Savant Insurance Advisor.