Recently, I have quoted new business and when the policies are issued the rates are higher than what the quote was.  The person purchasing the insurance is not usually very happy with me, to say the least.  It is hard to explain why their rate is different when the client is upset. Everything affects your rate.  This includes your credit score, your loss history, how many drivers are in the household, type of fence, foundation type, square footage, condition of roof, number of losses, closest fire hydrant, responding fire department, number of mortgages, type of animals, type of siding, or number of smoke detectors.  There are several other factors that go into getting a final premium.  If you tell me you have a 5000 square foot house and it turns out to be a 7000 square foot house, the quote I gave you is not going to be accurate.  If you say your roof is 3 years old and it turns out it is 8 years old, the premium will change.  If you have young drivers in your house, the company can pull that information and will charge for these drivers if they are not excluded from the policy.  If you are farther from a fire hydrant than what you tell me, your premium will increase.  If you have losses you do not disclose, your rate will go up, even if the accident is not your fault.  The quote I give is only as good as the information I receive. 

Another issue that has been coming up recently, is that after an accident everyone thinks they have rental or towing.  If you do not pay for this service, it is not provided on your policy.  The majority of clients want the absolute cheapest Oklahoma auto insurance when they are shopping. However, after there is a claim they want to have the best insurance.  My job is to write the coverage you request. But I always try to suggest the type of insurance that you need to protect you, your family, and your assets. But most of the time it is rejected for the lowest available premium.  You cannot purchase a Volkswagen and expect a Cadillac.  We have the best available rates, but we cannot provide the best available policy for the same price you purchase basic liability for.  It is a horrible feeling to have a client call in a claim only to advise them they have the lowest available limits.  And if they have caused more than $25,000 in damage, then they will be responsible for the remaining damage.

This happens QUITE OFTEN. 

If you get in an accident how much do you want your Oklahoma insurance to cover?  If you are unsure whether you have adequate coverage, please call or email me (tommy@rci-insurance.com).  I will be happy to look over your policy, even if it is with another company.  This includes your home, auto, and business.  It is better to find out your coverage is too low before the accident, than it is to find out afterwards.