We’re often told that bigger is better, especially when it comes to brands. The bigger the brand, the better the service or product. Right? Not really. Big brands don’t always give you the best deal. It’s because the prices of their products and services tend to also include the values of those big brands, and this means that you have to pay more money out of your pocket. Smaller brands might not be as famous or popular as the big ones, but this doesn’t mean that they can’t offer quality. And this quality usually costs less, which is great if you want to save money.
For a smaller company, offering more competitive prices is not that hard. They might not make as much money as the giants of the auto insurance industry, but they’re not spending as much either. So the money they make might just be enough for them.
Additionally, smaller companies also cover smaller areas, and this is another advantage. Larger companies need to adjust their prices on a national level, if they want to make a profit. A smaller area means a smaller risk pool, and it results in cheaper premiums.
And don’t underestimate the value of speaking to your insurer face to face and developing a personal relationship with him or her. You can’t do this with a larger company and its thousands of employees. But you can with a smaller one. And that means that you will be able to trust your insurer, who will also get to know you better and understand your needs better.
Bottom line
If you really want to find the best policy and save money, you have to do your research and shop around. According to industry experts, this is best way to get the best deals for you. But don’t just visit the bigger companies. Give the smaller ones a chance as well. They might surprise you.
