Car Insurance Company Quotes
- Estimate a Policy Premium -
1-877-WIZ-AUTO
(949-2886)
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Car insurance quotes are not "fixed in stone." They are estimates subject to verification and
adjustment by the car insurance company. Primarily the information provided by a potential applicant
is the basis for calculating the car insurance quote. The actual policy price issued (supplied) by the
insurance company sometimes does not match the quoted price. Companies will typically factor into
their rates three to five years of driving history. Most of the time a difference between a quoted price
and a policy issued price is because the applicant inadvertently left out a citation or  minor accident
that happened years ago.

The auto insurance industry is regulated at the state level (as opposed to federal). Each insurance
company's rates and underwriting rules are filed with and approved by the responding state. Due to
these regulations, insurance companies must issue policy premium (price) accordingly. They are not
at liberty to adjust premium when the quoted price does not match the actual policy after verification of
applicant information. Policyholders whose premium increased after they agreed to what they thought
was a set price are often angered. The only way to assure a policy price is to apply for and have
issued a policy prior to the effective date. Many companies offer a discount for quoting and buying a
policy in advance.

Motor Vehicle Records (MVR), Claims Loss Underwriting Exchange reports (CLUE), insurance scores
from credit reporting agencies are usually obtained and are factored into the rate at time of quote.
Sometimes technical issues prevent reports from being generated or they are simply unavailable due
to Web site maintenance. However, prior to a policy being issued this information will be retrieved and
the quoted price will be adjusted if necessary. Although these reports are the most common ones they
are not the only ones. The numbers of licensed drivers and registered vehicles in a household is a
generated report often used. Mistakes may be indicated on one or more of these reports and
applicant clarification is frequently necessary. Its critical for the car insurance application to be
accurate as a material misrepresentation can lead to a claim being denied.

Other information is not as readily verified. Prior insurance, driving school, good student grades, and
other discounts are generally verified by submitting paper documentation. These documents are
rarely available during the car insurance quote process and often are not submitted with the
application. Insurance companies will request the information to follow the application in a reasonable
amount of time and will remove discounts, raising premium, if not received. If this occurs and the
policyholder later submits documentation the insurance company is not obligated to adjust premium
until renewal. Companies tend to be more aggressive at collecting premium than they are at applying
discounts after a policy has been issued.

Once a policy is issued, and coverage begins, the premium due will reflect the state approved rate. If
the quoted price was inaccurate the policyholder is still responsible for the actual premium for the time
insured. This system is seemingly unfair but is actually for the protection of the insurance consumer.
The ultimate rate charged for a policy is that which has been reviewed and approved by the regulating
authority. Insurance companies are not allowed to "make it up" as they go along. A "bait and switch"
tactic which charges customers a low rate at the start only to be raised during the policy period for no
legitimate reason is illegal. This is all well and good, however, if you are misinformed when receiving a
quote and purchase a more expensive policy then you have simply paid more than necessary.
Getting an accurate car insurance quote saves time and money when determining how much auto
insurance is for you.

Shopping well in advance of an expiring policy will greatly diminish the chance of a premium
adjustment after a policy has been issued. Policyholders who do experience an up-rate can cancel
their policy and go elsewhere. Any unused portion of premium after cancellation will be returned,
without penalty, to the policyholder. And if you cancel prior to the effective date of the policy than the
unused portion is all of the premium. All money will be returned to you. Shopping well ahead of the
effective date has many advantages.
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Florida Auto Plus Insurance Agency
Local map and directions: 9742 Banyan street Miami, Fl  33157