Lowest price of insurance

A: Insurance companies generally do not advertise this way. The advertisements you refer to are probably from insurance agencies or Web sites that provide insurance enrollment services. They make these claims based on the services of third party "market tracker" software. These programs take all of the insurance companies' rates into a database and simply sort them for the criteria. These are actually pretty reliable and so it is accurate for them to say that they can quote the lowest priced insurance. But there is a catch. Like any software program, the data output is only as good as the data input. In a large majority of cases - certainly more than 90% - the data input into a life or health insurance quote request is insufficient to produce accurate pricing. As a result, quote services notoriously under-price the cost of insurance. This only serves to annoy customers when the actual cost of insurance is shown later. Remember that when there are any complicating factors - like medical history or business ownership of insurance - skip the automatic quoting machines and work directly with a live person. Usually an agent (field underwriter) will work with a home office (insurance company) underwriter to produce far better results than you can find in the impersonal automated pricing and enrollment services.