Auto insurance Market going down

Nathaniel

New Member
7
So after running a P&c Agency for 13 years its starting to feel like the auto insurance companies are making it more difficult by the day to write auto insurance.

We write most of our business threw progressive, in the past week every policy we try Binding we keep getting a Verifiction for Binding, its crazy to think that not so long ago we would be so happy to be writing with these standard companies being there were no Pictures required or any upfront documents needed to be sent. i remember how everyone would laugh if you would sell with some of these non standard companies. Well in the past month it has become a total nighmare all our polices with progressive are falgged for verification and there asking for Pictures and copy of registration. I mean its becoming almost impossbile to write business, the thing is if someone needs insurance and i have them go threw all this, they just go direct or they just go with geico.When i called me rep from progressive we were told if we dont like it we can write the business elsewere.So sad, anyone going threw the same issue.
 
They have been horrible lately. And it seems like it's the people who are looking to bind today. Recently I had a couple get married and both had individual auto and renters policies with Progressive from my agency. When I added him to her policy they wanted a copy of the Dec for home and auto to verify. It was like seriously? I have to send in progressive Decs to Progressive to verify? You can't just look? They told me the verification department doesn't have access to progressives system for Dec pages. That has been my biggest problem, people leaving one Progressive policy to join another Progressive policy or a kid moving out and getting their own policy and having to prove they had prior insurance. Sometimes it takes a week for us.
 
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