Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

LilElf70

(513 posts)
8. A few words about a broker
Wed Oct 9, 2024, 01:03 AM
Oct 9

They don't tell you how much they (the broker) get paid. It don't take a brain surgeon to figure out you pay. How much could cost you hundreds every 6 months.

I recently received my home owners insurance(annual) and my car insurance bill(every 6 months) thru a broker. I've been using him for years. I had a huge increase thru xxxx company. It was 700+ on my home owners and 300+ on my car insurance. I was shocked. He claimed it was the best they could do. I decided to do some research and found on my own that most insurance companies wanted more "on my own". It was frustrating. So I decided to go at it against my current insurance company, as an outsider. Surprisingly, I found that I saved 150 and 100 respectively on both policies. I took that info and called my current insurance company and they honored my findings. I just saved 250.00.

What use to be a small profit by them doing the checking, has increased ten fold or more. It makes you ask, is it really worth it? I'm sure they use software to do the comparisons, which means they don't make all the calls necessary to get quotes.

All I can say is buyer beware.

Recommendations

1 members have recommended this reply (displayed in chronological order):

Latest Discussions»The DU Lounge»Whatever car insurance yo...»Reply #8