Why is my home quote different than my neighbor’s home quote with the same carrier?

​This is a great question that I get asked quite a bit, why is my quote with Carrier A different than my neighbors quote with carrier A?

What I can tell you is that each person, house, car and so on are completely different. Not only that but, usually each insurance carrier takes over 360 different factors into consideration when determining the rates for each client, so no one will ever have the same quote, ever!! Each person is unique, so you and your neighbor will not have the same rates or probably even close. I mean sometimes you might, but the chance is very rare.

Case and point: Client calls to get a quote on his dad’s home right next to his that is currently insured through us (Beat Insurance for those not keeping up LOL). The quote for his dad is double what his is but the home is smaller and 3 years older than his home. He said and continued with my dad also has a newer roof than mine and will pay in full since the home is paid for. Well, all of that is fine and great but your dads claim for the roof was not a CAT claim (I talk about CAT- Catastrophe claims in another blog), he is older than 80 years old so that usually will cost a little more with some carriers (bet you didn’t know that), and he has a few driving implications (these also will affect some home rates). Client then says wow, I didn’t realize that my home quote would be that much different than my dad’s all because of that. Yes, yes it does and so much more.
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That is just one example of how different two similar houses can be when quoting with the carrier. Even when I get nearly the same aged couples buying the same size house, they still will differ due to all the different factors that they consider. This is a HUGE reason why I think it is SO important to have a trusted independent agent like myself to shop for you to find you the best insurance carrier that will provide you with that killer rate and coverage that you are looking for and needing to sleep at night. This is EXACTLY why I LOVE doing what I do!!