Insurance FAQ

Insurance FAQ

1. I have heard that my past driving history or health will affect the price that I end up pay for insurance, is this true? Yes, this is part of the underwriting process and the insurance company will look into your past driving record. If you have a perfect driving record then you can expect a lower price then someone who has had a lot of driving incidents. If you are buying health/life insurance then they will examine your past and current health history.

2. Why did my rates change from the online quote I received? The quotes you receive online through our website are very accurate, but sometimes if you don’t put all the proper information into the system it will give you the wrong price. We have found that often times this is because when we manually pull your driving record there are incidents that were not originally included with the online quote.

3. Are there any fees involved with working with a broker? QuoteWarz does not charge any extra fees for brokering the insurance. There are some brokers that do charge fees, so it is always best to ask if they are charging you broker fees which can range from $50 to $250. A lot of times they won’t tell you they are charging you fees and will just add it to your down payment.

4. What is the best way to buy insurance and is it true that some brokers can sell insurance for cheaper? The best way to buy insurance is researching online and requesting multiple quotes. We suggest getting quotes from at least 4 different companies so you can see who has the best deal for your particular risk situation. Insurance companies all rate risks differently so that is why you need to look at several different companies to get the best value. No, insurance brokers all have to sell insurance for the same price. The way brokers can save you money is by working with a lot of different insurance companies and working to find you the best deal on the market.

5. Are the online quotes I am receiving accurate? Yes, the online quotes you are receiving are accurate as long as the information you are entering is 100% correct. If you fail to enter information about past incidents then it is possibly that the quote will be off target. We suggest be 100% truthful when using the online quote technology that you will request the most accurate insurance quote.

6. How long does it take to get insurance once I apply for it? It really depends on what type of insurance you need. If it is auto or home insurance then we can usually issue the policy the same day or very next day. Commercial insurance can be issued quickly if it is a small policy, but a large company policy will take longer because of the complexity involved. If you are looking for life and health insurance then it will need to be submitted for full underwriting review which can take anywhere from 1-4 weeks to issue the policy.

7. Who do I can contact for paying my bill? In most cases it will be easier to pay the insurance company direct as they will handle all the billing for us. You can always call us with any questions or comments on your policy as we would be more than willing to help you out.

8. Can’t I get a better deal by cutting out the middle man (broker) and going direct to the insurance company? No, you will not be able to get a better price by going direct to the insurance. The service we provide as a broker really helps clients make informed buying decisions.

9. I have heard that buying cheaper insurance will be a big mistake because they won’t cover claims properly and will cause my headaches in the future, is this true? No, this is not true at all and it a common misconception or myth when buying insurance. Often times it is because someone heard a story from someone else about bad service, but it is usually not true. Insurance companies are regulated by the state and there are strict laws that they must follow. Also most of the smaller companies offer great personalized service.