Can we start an auto insurance revolution?

I saw this article "Tips on Cutting Insurance Costs" on the web, read the article and read the comments section where one woman asked a question about why her home insurance premium went up, I thought I could help.. Plus the article although well written did what most do, gives you a good title, some good basic information and then sends you to the money makers for the insurance industry. Please see it at the bottom of this article.

The article lists that there are five comments but I can only see three and it does not show mine or the other two. I did not use profanity, I did not bash any company but I did mention the stats that I have posted here below about who owns the auto insurance market, and that it is not all that it seems. If you have a comment section and the people commenting are not using profanity or attacking an individual but does have some sort of opinion or questioning something is that censorship not to post it? I know it is a private company and business - but I never said that GMA was bad, why can one woman talk about her home insurance going up after she bought it the next year but I can not tell the reading market that the shopping sites only point you to who is paying them, or comment to this woman why here rate went up. It's obvious information if you think about it.

TIP - health insurance shopping sites are not in the same league as the home and auto. We have found that they do a good job of searching 95% of the plans and options out there. The key with this is to remain healthy and take a look at the market periodically or have a good employer that pays for a rich medical plan.

I was watching the weather channel the other night and not one but two Progressive commercials came on the air, during the same commercial break. The first one touts that they will shop other companies for you there-by saving you time of shopping other sites or insurance companies. The second commercial from Progressive then says you can pick your price - you get to choose what you want to pay, sounds like Priceline - but it's not. Both of these are ludicrous but what infuriates me more is that I'm watching this with another person who is successful, smart and they are buying it. How many of you are buying this crud? The auto insurance market is a $160 billion dollar business of which Geico (a Warren Buffet owned business) and Progressive spend over $700 million dollars in advertising with a return of over 70% of the market share. So, many, many people are listening and buying it. How can you avoid it? You receive mail every week from Geico, advertising from Progressive constantly and these same advertisers are dominating the media which then allows a simple comment to be censured.

Progressive does give you rates of other carriers such as Farmers, Allstate, etc., what is wrong with that? Nothing, but here is how is works, if Progressive wants you as a client the only other companies that come up are ones that are more expensive than Progressive. If Progressive does not want your business, you know if you have too many tickets, they pull up one of the more competitive options that will take you. What you are not seeing is that there are between 20-40 insurance carriers per state to shop from and two out of the 20-40 are by far more competitive and they know that you do not have the time to try to find those 2 out of 40.

Why doesn't picking your own price work with Progressive? The real question is do you really want to take less coverage or drop collision coverage just to lower your rate when all you really have to do is find the right carrier? Wouldn't it be better to find a carrier that would save you $400 a year but you could still have collision coverage, and good liability limits? Before you buy auto insurance you should decide what you feel is the coverage you need and want, then get quotes to support what you want.

Here is another site and story on helping you find the best insurance rates, the person who owns this site owns another one too and again in concept it is all good and it is a shopping site. There is nothing wrong with a shopping site but what is wrong is the likely hood of finding the best deal is only predicated on the most cost-effective company signing up and paying for this service.

These companies get so much attention it is staggering but yet I have never seen anyone state the truth, transparency or anyone really trying to educate the public. Here is the truth, I can tell you how to find the most competitive insurance carrier for you and it would not take more than a few minutes of your time. You would know exactly where to go and you would save the most money. If I give it to you for free, I will have no time to earn a living. How do you find truth and transparency in this type of system? I encourage people to think about what they buy and how the business works. If you are receiving tons of media from a Gecko isn't it possible that they are just paying the most, but not necessarily painting the whole picture? Look beyond the obvious so you can be a savvy consumer. Our blog can be seen at we hope it is helpful to you.

Author's Bio: 

Andrea Luoni CEO of RateCraft RateCraft operating in the Western United States. Ms. Luoni has been consulting business' for over 25 years in the management of their business and personal insurance portfolio and consistently reduces the cost by over 35%.