| Don't think that just because you've been a long | | | | mean to you and I...you guessed it... higher rates are |
| term, loyal client that you'll be protected from rising | | | | coming soon. |
| pa auto insurance rates in 2010. The indicators show | | | | Now you need to get your shopping list ready so |
| many companies are scrambling to cover their losses | | | | you can find the company who can bail you out of |
| by jacking up the rates again. If you're anything like | | | | this mess. Certainly you'll be online doing some price |
| the rest of us it may just be the last rate increase | | | | comparisons but do you really want to take advice |
| that gets passed off to another loyal client. | | | | from a computer? Is your online advisor a six month |
| The days of clients sitting back and absorbing rate | | | | veteran of the insurance business? These are only a |
| increases are coming to an end...well at least a major | | | | few items that would concern me if I were doing |
| slowdown. There was a time that pa auto insurance | | | | some shopping online. Get your current policy out and |
| companies could just raise the rates and we all took | | | | be sure that you are comparing "apples to apples" |
| it in stride. Or at the least, our agent explained away | | | | when you get a pa auto insurance quote. Now |
| the inflation, cost of repairs, etc and we drank the | | | | you've got to sort through the "paid advertisers" and |
| Kool-aid like a kid on a hot summer day. The days of | | | | find a provider who is ranked high on their own merit. |
| following blindly as our agents lead the way are | | | | Once you've located a reliable source who is a |
| beginning to get old. | | | | proven expert in Pennsylvania auto insurance you can |
| Pennsylvania auto insurance rates took a dip during | | | | get down to business. |
| the last five years as the heat of a soft market got | | | | It's very important to remember that many |
| some competitors fighting for new business. | | | | Pennsylvania auto insurance companies use different |
| Unfortunately, the price for grabbing "market share" | | | | methods of determining auto insurance rates. Some |
| at artificially low prices almost always comes back to | | | | companies are using a model that puts a huge |
| bite the insurance company. Many of the largest | | | | emphasis on your credit rating, of course that can be |
| companies in the industry got caught up in the race | | | | good or that can be bad..depending on your |
| to grab more new business. Other, more traditional | | | | circumstances. Other carriers put an emphasis on |
| companies stayed conservative and kept rates at a | | | | open accounts in conjunction with other scoring |
| level that would not damage their financial status if | | | | methods. These alone are very good reasons you |
| investments went "south". Guess what...investments | | | | should be checking with agents/sources that |
| did go south and they've pretty much stayed there. | | | | represent more than one insurance company. This |
| This bad news effectively killed the idea of taking | | | | way you can ensure that you have someone who is |
| "investment income" and using it to offset huge | | | | looking out for you and knows they need to remain |
| losses from underpricing the product. What's this all | | | | competitive in order to earn your trust. |