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In order to compare Boston insurance quotes, you'll need to consider the quality and premiums of the policies in addition to the carriers' reputations. On this page, we'll provide tips on how to understand and compare quotes on coverage.
Understandably, the premiums associated with a particular policy are usually the consumer's main concern. The price of a plan is one factor you need to evaluate when reviewing quotes. No matter how excellent a plan is, it won't help you if you just can't afford it. When reviewing your quotes, verify that the premiums for all of the quotes are expressed over the same period of time. For example, all of the premiums might be expressed on an annual basis. Some companies quote their premiums on a per-month or per-quarter basis, so make sure that you have the uniformity you need to make a valid comparison. Remember not to overemphasize a policy's price-sometimes the least expensive policies provide the shoddiest coverage quality.
The Policyholder's Financial Responsibility
All policies pass on financial risk to the policyholder to some degree. For example, with car, health, and home insurance, consumers agree to pay deductibles, or the amount of the claim the insured pays out of pocket. The more risk you assume as a customer, the higher your out-of-pocket expenses would be in the event of a loss or a claim. On the bright side, more financial responsibility for claims also usually translates into more affordable premiums. Take a close look at the pricing you receive to determine what the deductibles, co-insurance, co-pays, and other types of consumer obligations are. Don't select a plan with higher out-of-pocket costs than you could feasibly work into your budget.
With certain types of plans, you should consider the presence the insurer has in the Boston area. For example, with health coverage, your carrier should have a robust network of healthcare providers and facilities in Boston and surrounding areas. Local offices may also be of use to you with car and homeowners insurance, as you will have convenient access to agents and adjusters if you have to file a claim or change your plan. For every provider that gives you pricing estimates, look into the network of offices and agents available in your area.
Reputation of the Carrier
Keep in mind that a policy is only as good as the carrier that issues it. As you compare rates, consider the reputation each insurer has for customer service. You could look up J.D. Power customer satisfaction survey information, for example, or ask your family and friends for their feedback on the company they use. Additionally, consider the financial standing of the insurers that provide your quotes. An insurer in poor financial health might not be able to pay a claim in the future if you file one.