If the agent quotes the premium incorrectly, the correct amount figured by the insurance company is the price you will actually be required to pay. Therefore, before you switch, ask the new agent to submit a non-bound application for you. The agent submits the application to the company and the company will advise whether or not you will be accepted and at what price. This way, you can be sure of the price and whether you are accepted by the new company before you cancel your current policy. In addition to price, there are other factors to consider when buying insurance or changing insurance companies.
Some companies sell through local agents and some through direct marketing or group plans.
If the ability to discuss problems or questions with someone you know is important to you, you should find out whether the company services its policyholders through local agents, or through its regional or home office. All of the insurance companies listed in the Auto Insurance Premium Comparison program are properly licensed in Illinois. Financial stability helps ensure that a company can pay its claims. Listed below are several independent organizations that rate the financial stability of insurance companies. Each organization has its own criteria and may charge a fee for its services.