I've discussed the concept of the advance quote discount in previous posts. I wanted to take the opportunity to cover this concept exclusively.
Bottom line: if you don't allow 8 to 10 days before you NEED insurance you are paying too much!
What's unique about the advance quote discount (sold by most most independent insurance companies) is that the discount continues on renewal in most cases. So if you receive a 5 percent discount for the first six months the discount will also follow you on future renewals as long as you stay with this carrier (without a lapse in coverage). In addition, many insurance companies tier certain risk exposures.
Tiered insurance policies: most insurance companies tier their policies initially to be more competitive for the markets (risk exposures) they are attempting to attract. Many times insurance companies not only give an upfront discount but in many cases they'll give the consumer a better tier rating. Especially if the insurance company has good actuarial results with policy holders that have a similar risk exposure profile as you.
What does this all mean to the average insurance consumer? Planning ahead saves you money!
As always, contact an independent insurance agent, like us to take advantage of the advance quote discount.
- Kevin Brunson, President/Independent Agent, Ardent Insurance Inc
- 6119 Ridgeview CT #500, Reno, NV 89519, 775-284-8200 or firstname.lastname@example.org., United States
- http://www.ardentinsurance.com College BS in Business Administration (University of Nevada, Reno) 1987. Independent Farmers Insurance Agent 1987-1997; Part time financial sales positions 1997-1999; Co-founder and President of ClientFlex Corporation 1999-2004; Lucini/Parish Insurance 2004-2005; Co-founded (with Tammy Brunson) Ardent Insurance LLC (2005-2007); Changed entity to Ardent Insurance Inc (2006-present). Insurance Designations: LUTCF. Insurance Affiliations: Big I (Independent Insurance Agents of America); Trusted Choice Approved Agency; Professional Insurance Associates, Inc. (Affiliate); Local Business Associations: Northern Nevada Insurance Agents - Member; Community Associations: Northern Nevada Endurance Training - Active Member.