PAINESVILLE, Ohio —
Shannon Snell doesn’t know it but she may be paying too much for her auto insurance, and you may be too. She started her own business close to home in Painesville, she’s always paid her bills on time and her son does well in school. Those are all qualities that pay off in more ways than one.
Shannon’s State Farm Insurance Agent suggested she come in for a review of her policy, suspecting there might be changes in her life that could cut the cost of her premium.
“He enlightened me to a lot of things I was unaware of,” she told Call For Action Reporter Lorrie Taylor.
John Bollman, from Bollman Insurance Agency in Mentor, told Snell if she put less than 9,000 miles on her car in a year she would be entitled to a discount. If she lets State Farm track her miles she could save even more.
“You have to be comfortable with big brother knowing how many miles you drive, that type of thing,” he told Taylor.
Snell would also benefit from her excellent credit score, in the insurance industry, good credit is a predictor of good driving habits.
“Why is that significant?” Bollman asked rhetorically, “We don’t know why but it has proven out.”
Bollman said his company based 60% of a client’s rate on their driving record, 40% on their credit report. He said if motorists paid their bills on time they’d see discounts multiply.
“You might see your rates going down every six months,” said Bollman.
Snell would also see her rates decline because of her teenage son’s success in school.
“They have found that the better students tend to have less accidents,” said Bollman.
Another way to save in the event of a big accident is to purchase a lower deductible. Bollman said because Ohio has one of the lowest premium rates in the nation, it only costs about $10 more annually to purchase a $250 deductible.
“We’re very fortunate in Ohio,” he said.
Snell agreed and said she was glad she stopped by to review her policy.
“It’s important he went over this with me,” she told Taylor.