August 22, 2006 7:29 AM
Auto Insurance Scary Story: Wild Variation in Quotes
KIRO7 reported that you may receive wildly different quotes when you do comparison shopping for car insurance. Sometimes, one quote can more than double another quote, and other times, quotes from different agents for the same insurer can differ a lot.
From KIRO7:
KIRO 7 Consumer Investigators put together a comprehensive study with the help of 29-year-old Eric Olsen.
Eric drives a '97 Jeep and has a spotless driving record. He got quotes from the five largest insurance companies in the state.
Quotes are all over the map. A Farmers agent wants $1,219 for a six-month policy while Pemco charges $570 -- less than half Farmers' price.
That's in Seattle. If you move to Issaquah, Pemco will only charge you only $380.
And we found more puzzling information: You can get wildly different quotes from the same company depending on what agent you talk to.
One Farmers agent gave Eric a quote of $763. Another Farmers agent quoted him $949 -- same driver, same address, same insurance companies, different quotes.
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