Determining the lowest premium

Many times people who call me for car insurance quotes are satisfied just by hearing the “cost per month.” It seems simple: Determine the lowest total cost, and you know what you are getting into. But in fact, hidden costs can lurk beneath the surface. Here are some questions to ask your insurance broker:

  • What is the annual premium if the policy is paid in full? (Suddenly, it might not sound like such a good price.)
  • What are the payment options? (Perhaps if you pay up front, you can save money in the long run.)
  • What is the charge per payment for each option?
  • How much of a down payment is required?
  • Is the policy financed through the insurance company or through a third party?
  • What fees are associated with purchasing this policy?

Asking these questions will help you understand where hidden fees may lie. Always request an official copy of the quote, laying out the payment options, fees, and down payment. Don’t settle for only a phone call or the text of an email. Make sure you have everything in writing before you agree to what seems to be a great monthly insurance premium.

Once you ask the questions above, you will be able to determine whether the monthly cost is an accurate reflection of what you will pay, or if you will be paying more than you anticipate.

Kristen Bromley

About Kristen Bromley

Kristen joined the Agency in the spring of 2015 as the Marketing Director. She earned a B.F.A in Graphic Design from Sage College of Albany and a Master's Degree in Business Administration from the University of Phoenix. She has been in marketing for 5 years, starting as an assistant for the MWR Marketing Department with the U.S. Army in Grafenwoehr, Germany.
Kristen is most passionate about helping people understand the important benefits of working with an independent broker such as the Merriam Agency. It is her mission to ensure clients know where they can gain access to everything they would need, should the unthinkable happen.
When she's not working, Kristen focuses all of her attention on her son and daughter, ages five & two and her husband--a recent retiree from the U.S. Army. If she gets a bit of time in between kid-friendly activities, Kristen works on freelance graphic design projects, or will craft a wreath.

Marketing Director
Schenectady, NY

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