insurance quotes

[ringshopping]

can you get 2 different quotes for the same insurance if you call 2 different agents? My friend recently called an agent about Chubb and received a quote that was almost $5 per $1000 more than mine. We both live in the same state and even within the same county.

 

[bleusaphir]

i''m guessing you live in a nicer neighborhood than your friend....

the more desirable the zip code (i.e. lower crime rate), the lesser the rates.

 

[ringshopping]

nope - we even live in the same zip code!

 

[mrssalvo]

I do not know much about the insurance end of things but if it were me I would call the agent and ask them why the price difference?


actually, I just reread your post. If your getting the better deal your friend should call and ask why she is being charged $5 more per $1000.

ETA: if you find out, please let us know

 

[mrmedoes]

Does he rent versus own? Do you have homeowners or other insurance through the company? Is the insured amount the exact same?

The other possibility is that you live in a less regulated state from an insurance perspective. It is possible that Chubb has a higher compensation agreement with the broker he is dealing with. Keep in mind that based off of what the positioning is within certain brokers, there can be different reimbursements, and thus higher costs (though I think the first few questions actually have more merit).

Keep in mind that my industry is health insurance, but I have a fair amount of experience in terms of compensation and costs of insurance in general.