Is a Free Insurance Quote Genuinely Free If You Pay With Your Confidentiality and Personal Data?
Milwaukee - Hailey of Milwaukee wanted to go shopping for auto insurance last year after having bought a new Ford Escort, so she went on the Internet and sent in her personal information to one of the tens of hundreds of insurance quote websites, hoping to get back immediate cost information.
Unfortunately, her consumer tribulation was about to commence.
What she didn't get the picture of was that her personal information had then been sold to three different insurance firms, each of which began repeatedly bedeviling her for hours with phone calls and emails trying to sell her new auto insurance policies that were actually more expensive than what she already had.
As many consumers before her have done, Hailey threw up her hands in irritation and ended up settling with her current insurance corporation.
Most consumers do not realize that insurance firms are mainly ordered by state law to submit rate tables to the relevant state insurance government officials.
Regrettably, this information is usually only exposed to the general public by organizing a session to access a "public computer hard-drive" located at the government office.
Sadly, even if you are able to review the insurance rate filings via the public computer, deciphering the rate filings and determining how much an individual insurance corporation would charge you is no simple burden.
The stock rate filing from an insurance corporation is made up of a list of mathematical guides and factors that need to be cross tabulated with an elaborate actuarial table that lists such things as driving history, year of vehicle, etc.
In addition, since each insurance corporation has a distinct pattern for their rate filing, it is extremely expensive to analyze and gauge insurance prices for more than one corporation.
Luckily, some companies have begun to spell out these insurance rate filings for the consumer, making the insurance premium information usable in an easy to survey format.
As evidenced by their numerous magazine advertisements, Progressive also gives out competitor rate information to new possible customers of Progressive.
Progressive Insurance gets this data through dissection of the insurance rate filings with each state.
After the consumer has rate information for all the dominant insurance carriers, they can hone in on the 2-to-3 insurance corporations offering the least expensive auto insurance rates for their user profile, and not waste time forwarding their information to an insurance carrier only to learn their prices are more expensive than what they are currently paying.
Unfortunately, her consumer tribulation was about to commence.
What she didn't get the picture of was that her personal information had then been sold to three different insurance firms, each of which began repeatedly bedeviling her for hours with phone calls and emails trying to sell her new auto insurance policies that were actually more expensive than what she already had.
As many consumers before her have done, Hailey threw up her hands in irritation and ended up settling with her current insurance corporation.
Most consumers do not realize that insurance firms are mainly ordered by state law to submit rate tables to the relevant state insurance government officials.
Regrettably, this information is usually only exposed to the general public by organizing a session to access a "public computer hard-drive" located at the government office.
Sadly, even if you are able to review the insurance rate filings via the public computer, deciphering the rate filings and determining how much an individual insurance corporation would charge you is no simple burden.
The stock rate filing from an insurance corporation is made up of a list of mathematical guides and factors that need to be cross tabulated with an elaborate actuarial table that lists such things as driving history, year of vehicle, etc.
In addition, since each insurance corporation has a distinct pattern for their rate filing, it is extremely expensive to analyze and gauge insurance prices for more than one corporation.
Luckily, some companies have begun to spell out these insurance rate filings for the consumer, making the insurance premium information usable in an easy to survey format.
As evidenced by their numerous magazine advertisements, Progressive also gives out competitor rate information to new possible customers of Progressive.
Progressive Insurance gets this data through dissection of the insurance rate filings with each state.
After the consumer has rate information for all the dominant insurance carriers, they can hone in on the 2-to-3 insurance corporations offering the least expensive auto insurance rates for their user profile, and not waste time forwarding their information to an insurance carrier only to learn their prices are more expensive than what they are currently paying.
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