Quotes that are given through agents or brokers often include their own commission that is being paid by the insurance carrier as a percentage from the premium itself. While some captive agents receive salaries, most agents and brokers rely on their commissions for their income and this is how they make money. Their commission can range anywhere from 0-1% for some annuities policies, 8-20% for car and home insurance to 40-100+% for some life insurance policies, on the first year of the policy. They also earn their money every time you renew your policy, mostly from 1-2% for life insurance renewals (zero after three years) to 2-5% (some even receive up to 15%) for car and home insurance renewals. However, going for the cheapest premium is not something that we always recommend, sometimes it is better to pay more for a premium that covers you well and answer all of your specific and personal needs.

You might have a roommate or family member on your policy that no longer drives your vehicles. Or maybe you have a vehicle on your policy that is no longer being driven. Making sure driver and vehicle information is up to date may save you money. Keep in mind, if you do go down to just one car on your policy, you will lose the multi-vehicle discount.

Decide how much car insurance you need. State requirements represent the minimum amount of coverage you need to drive … and they’re generally inadequate, even when it comes to the required liability insurance. It’s hard to say for sure how much coverage you specifically need, because it depends on the age, make and model of your car, among other things. However, most insurance experts generally recommend limits of $100,000 in bodily injury coverage per person; $300,0000 in bodily injury coverage per accident and $100,000 in property damage coverage. And, if your car is new and/or expensive, you’ll probably want collision and comprehensive insurance, too.

Results: Nerdwallet returned three quotes ranging from $154 per month to $315 per month and six “estimated rates” ranging from $153 per month to $330 per month, from mostly name-brand insurance carriers. Each quote/rate included a little information about the company, a company rating, and a summary of Nerdwallet’s review (accessed by clicking on the “view details” link). The quotes had a button to click in order to buy the policy over the phone, but only one quote offering the option to purchase online. The estimated rates included a button to click to access the company’s website and get an actual quote from them.
Car insurance rates vary greatly depending on age. Your risk profile as a driver will change throughout your life, so you may be eligible for discounts at some points in your life while other times you may see your car insurance premium increase. This is why you want to keep shopping for car insurance throughout your life so you ensure the best value.
We collected quotes from a variety of insurance companies across 2,700 towns and cities in the U.S, for 128 insurance companies. Our sample driver was a 30 year old male who drove a 2011 Toyota Camry. To obtain quotes, we kept parameters for getting coverage the same, such as that he was single, and had a clean driving record. The only parameter that changed was the zip code where he lived in the U.S. The amount of coverage we opted for gave our driver bit more than what is required of state minimums.

Unlike your education level or gender, your credit has a big impact on your insurance rate. Drivers with poor credit (524 or below) pay more than twice what those with excellent credit (823 or more) pay for auto insurance. Again, this has to do with how insurance companies view drivers with poor credit in terms of risk. A driver with poor credit is more likely to file a claim than a driver with excellent credit. Moreover, when a claim is filed by a driver with poor credit, the claim payout by the insurance company tends to be higher. Insurance companies cover this risk by charging those with poor credit scores higher rates.

When your life changes, your insurance needs may change as well. Life events like a change of residence or a new driver on your policy are a few of the things that can make your insurance premiums rise. That's why we offer members a free On Your Side® Review every year to make sure your insurance is keeping up with your life. We also want to make sure you’re taking advantage of the many benefits we offer, including discounts.


Hi my name is Wayne Bowen and I work out of the Boiling Springs location. I just wanted to tell you how honored I am to have been able to help families with their car buying needs for over 18 years and how excited I am to now say I help them with their Home and Car insurance along with helping them plan for the future and being completely covered and in Good Hands with Allstate. Stop by at one of our offices in Hickory, NC or Shelby, NC for many of your insurance needs.

Example (Comprehensive): You park your car outside during a major hailstorm, and it's totaled. If you have comprehensive, we'll pay out for the full value of your car (minus your deductible amount). Example (Collision): You back out of your garage, hit your basketball hoop, and cause $2,000 worth of damage to your vehicle. If you have collision, we'll then pay for your repairs (minus your deductible amount).
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