Online Car Insurance Quote Comparison
Getting as many quotes as possible is one of the major keys to finding cheap auto insurance. Online quote comparison sites are a great way to get auto insurance quotes from numerous companies at one time. These sites are becoming more and more popular because nobody likes spending hours getting quotes from 30 different companies when they can just go to one site and get all the hard work done for them. Insurers do look at similar factors when setting their rates but they have their own method when actually setting them so companies can charge wildly different rates for the same customer. Hence the importance of getting as many as possible is so important.
Auto insurance prices tend to creep up over time. Which is why we feel it is very important to shop your auto insurance at every renewal. There are a few reasons why we suggest this, the two main reasons being that at your renewal time you will qualify for the prior insurance discount which can be up to 20% savings. Also auto insurance companies change their rates all the time so the company that was he cheapest 6 months ago may not be today. The auto insurance companies you will find on the online auto insurance quote comparison sites use many different rating factors to set their rates.
Here are the main factors these companies will use:
- Zip code
- Marital status
- Driving record
- Claims history
- Prior Insurance History
As you can see there are many factors that insurance companies use to set prices and the ones above are just a few of the ones they use.
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Compare auto insurance rates online
Many people still do not feel comfortable completing a policy online and giving their personal information out, especially credit card info. There is a lot of fraudulent stuff that goes on with the internet and people who have been scammed before are much less likely to give credit card info out online. When you see charts or graphs showing auto insurance rates be sure not to necessarily believe those rates as what you will truly pay for insurance. Those charts you see online are generic estimates and don’t reflect credit score and so many other factors. So, if you want to know what an auto insurance quote from State Farm for example would be you would need to contact them directly and give them all your information so the quote would be accurate. Same for the quote comparison sites you would need to actually put your information in to get a quote since the charts will not necessarily be accurate.
Here are some of the top auto insurance quote comparison websites we found:
- The Zebra
Be careful when looking for comparison sites that you are not on a Lead Generation website. These are companies that can pose as an insurance carrier but actually are gathering your information to sell to insurance agents and companies to try to give you a quote. This can result in tons of unwanted calls, texts, and emails. You can find some good auto insurance quotes from these companies sometimes though just because the sheer mass of quotes you are receiving. The more quotes you receive the better your chances of saving money become.
Here are a few Lead Generation Companies we found:
- Value Penguin
Before you input your personal information online, we recommend you finding out what exactly they are going to do with your information. Most of sites will disclose what they are going to do with your info and have to disclose they are going to be selling it. Some of these companies do have No-Spam policies in force. So, it's good to research the site you are on along with the companies they are giving you quotes through.
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With some online comparison sites, it is very difficult to talk to an actual person. Most want you to complete the entire policy online. Then for your customer service and claims needs they will push you off to the actual carrier they have placed you with. So this is an important thing to remember when using these sites.
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Why Auto insurance comparison shopping is important
It is important to shop your car insurance because it is estimated that consumers waste millions of dollars a year by paying too much for their car insurance. Most people buy car insurance and set up on auto pay and just forget about it. But what they don’t realize is that over time a lot of auto insurance companies gradually are raising those rates over time.
Auto insurance carriers use a number of different methods to underwrite your policy. So, you may get a quote from one company and a totally different one from another company. Each company usually has their own niche market that they are very competitively priced in. Another wild card in this matter is the insurance market in general can go in major trends up or down. It is important to remember if you have a bad credit history and a bad driving record it will be more difficult to find cheap car insurance on a quote comparison site. Drivers who are most rewarded with good rates are those with a safe driving record, good insurance history, and good credit history. Auto insurance companies are changing rates all the time so the more shopping you do the better. Be sure though to remember that price is important but just as important is finding a company that has good customer service and good claims department. On some online quote comparison sites, you may not know much about the company they are pairing you with. So, it's your responsibility to do your own research on the auto insurance company you choose. We have found Google and Facebook reviews are the best way to find out good information about the insurance company.
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How to compare auto insurance policies
When comparing car insurance policies, it is important you are comparing the identical coverages. For example, you may have liability insurance with progressive and you go to an online comparison site and you just ask for liability only and your quote is $40 monthly cheaper. But what you forgot to put in the new quote info section is that your current Progressive policy has uninsured motorist coverage, roadside assistance, and medical payments coverage. Once you add on all this extra coverage on the comparison site you realize that your current policy is actually a few dollars cheaper than the quote you just received. Be sure to always input your correct personal information. We see many people who don’t want to put out their actual information online and put in fake information. This will result in receiving an inaccurate quote. Which can be a complete waste of your time. The auto insurance company needs your accurate information due to them using so many complex factors to set your prices. Even though we are usually in a hurry and wanted the fastest cheapest policy possible it is important do your research on the company you are going with. Your car insurance is supposed to protect you and benefit you. One of the worst things in insurance that can happen is going with a questionable company and then having a claim poorly handled. It can be much more costly to have a bad claim experience than it would be to over pay on your monthly rate by a few dollars.
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Most states have a minimum bodily injury and property damage that is required on your auto insurance policy. But it could be worth looking at some more protection. There are several extra coverages below that you may want to consider adding to your quote when comparing auto insurance prices:
- Medical payments
- Uninsured motorist coverage
- Collision coverage
- Rental car reimbursement
- Roadside assistance/towing
These coverages will make your monthly rate go up. But if you are involved in an accident it can come in very handy to have some of these optional coverages.
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Auto Insurance comparison FAQ’s
What is the best way to compare auto insurance quotes online?
Some of the best ways to compare car insurance quotes online is to research and find out what auto insurance company specializes in your specific segment of insurance. If you don’t have the time to do this than you can contact an auto insurance broker or use an online car insurance quote comparison site. This way you can shop multiple companies at one time.
How can you shop auto insurance with multiple companies at once?
You can either reach out to an auto insurance broker and they can do the shopping for you with all the companies they represent or you can go online and get quotes with an online car insurance quote comparison site.
What factors do auto insurance use to set prices?
Auto insurance companies use numerous rating factors to set prices. But a few of the biggest factors are Age, zip code, and driving history.
Click here to read more about how car insurance companies set their rates
Concluding thoughts on car insurance quote comparison sites
Just like anything else, using an online quote comparison site has its pros and cons. We feel we have gone over both above. But bottom line if you don’t want to do the research or spend the time yourself getting auto insurance quotes from numerous different companies then these comparison sites can be valuable tools to use. Just be sure and do the research on the site you are using and also more important the company they place you with. It's important to remember the comparison site is not your actual insurance company just a middleman. The true insurance company is who you will be dealing with moving forward.
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