SHOP AROUND Prices vary from company to company, so it pays to shop around. Get at least three price quotes from your agent. If your agent is a captive agent (agent who can offer you quote from ONE insurance company ONLY. For example, agents who work for Farmers, Allstate, State Farm, American Family, etc). Then you need to look for independent agents who offer policies from several insurance companies. Don’t shop by price alone. There are only three types of buyers: Dollar S

First, we all need to agree that Insurance Companies are in the business of making profits. In order to do so, they must generate enough premium to cover their possible losses due to claims filed by their policyholders. So, understanding what makes your insurance premiums spike, it helps you to understand the basic nature of auto insurance: Insurers make money when they insure drivers who don't have accidents, and don't make claims. They lose money when the opposite happens.