These days, consumer reports play a much bigger role in your personal insurance premiums than they used to. When you purchase home or car insurance, for example, insurance companies will look at your auto loss history, your credit and insurance scores, your comprehensive loss exchange report, and your motor vehicle report. Although negative information in those reports can translate into higher premiums, there is some good news! For the most part, you have the control over a large part of your premiums by working to have good consumer reports. Maintaining a clear driving record, working to maintain or improve your credit history, and not filing excessive claims can save you hundreds of dollars on your insurance premiums. This can really add up over time.
Here at Gibbs Insurance Associates, we pride ourselves on providing the best customer care for our clients. Part of that commitment includes educating our insureds, working to get them the coverage they need at a premium they can afford, and working with them to get better rates. So, what exactly are consumer reports? A few members of our Cincinnati team had a little fun explaining what consumer reports are and how they impact your auto insurance premiums. Hopefully you find it entertaining. Please enjoy the video and be sure to subscribe so you don’t miss future videos.