Best way to get insurance
What is the best way to get insurance quotes? I have 1 commercial building ($2M), 2 x condos ($700k and $300k), and 3 x SFH ($800k, $800k, and $355k). Every year I am shocked at how different the quotes are. I would say that there's a variation of at least 200% on the SFHs and a variation of 300% on the condos. The commercial building is the only place where I get consistent quotes across different companies. I normally go to USAA, Progressive, and Farmers. This year I also went to AllState and they had some good quotes. Is there a better way to be getting quotes? I want the absolutely cheapest insurance because it's unlikely that any insurance claim would justify the increased cost from a history of claims. These are also very new (less than 15 years) properties so everything is up to modern code.
Most Popular Reply
I would just add that it's not only pricing that varies. Coverage varies greatly. Most Allstate policies I see are missing vital coverages. This happens due to poorly trained or order-taker agents for the most part.
I understand your desire to find the "cheapest" insurance but typically you get what you pay for. What you should be looking for is the best overall value. Only a knowledgeable Independent Agent can consistently provide this.
- Owen Rosen
