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Auto Insurance Quotes

Written by Todd Clay. Posted in Research Last Updated: 04/10/2012

Five things you need to know about getting a car insurance quote online.

Five Things To Know When Getting Auto Insurance Quotes Online

5 Things To Know for Online Insurance Quotes

Getting quotes for auto insurance is not difficult. However, shopping for car insurance is not usually a top priority for most of us. But when looking to trim down your monthly expenses, it’s worth the time to get some insurance quotes. Consider it an investment. In the right situation, you could save a $150 or more every month on your car insurance.

Here are five things to know when getting quotes on your auto insurance.

#1 – Insurance Companies Want To Help

Insurance companies want more business. One of the major ways insurers make money is by adding policies from new households. That’s why most major companies make it easy to get quotes from new prospects on the internet. When I shopped my policy, Progressive was the easiest website to use to get an online quote. It makes sense – if insurance companies want your business, they shouldn’t put up roadblocks (read: a bad website) to make that happen. That’s why most companies make it easy for potential customers to get online quotes.

#2 – All Insurers Are NOT Created Equal

Just like all restaurants don’t please all customers, it’s the same way with insurance companies. An insurer is only as good as the promise they keep. If you discover several customers from a particular company have had negative experiences, it may be good to look at other insurance companies. To look at customer reviews, check out these insurance companies’ Customer Reviews

#3 – Price (Premium) Varies with Different Carriers

Get quotes from multiple insurers and you’ll quickly discover not all companies’ policies are priced the same. There’s a reason. Actuaries at different companies determine the potential risk for each new customer and thus the price. Because actuaries disagree and companies determine what risk they want to underwrite at a particular time, each company charges a different price (premium) for their policy. It’s important to compare the same coverage, but even then, you will notice price discrepancies between insurers.

#4 – Get Multiple Quotes

If you’re interested in saving money, get several quotes from insurers. Prices vary and you’ll never know how much you could be saving without a few prices. Typically, we recommend getting 3-5 quotes for a new policy or policies. You can even call your current insurer to see what they could do to lower your premiums.

#5 – Invest the Time Now So You Don’t’ Pay Later

When my wife and I were reviewing expenses in 2008, we decided to review our car insurance policies. After shopping around, we ended up saving around $50 a month for two late model vehicles. It’s been a year since we got the new policy. Since then, we’ve saved $600 with our new policies. That’s why I recommend taking an hour or so now to get some auto quotes. It’s definitely worth the money you save.

To get quotes from several companies, go here: Multiple Online Auto Insurance Quotes

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Todd Clay

Todd Clay is a former insurance agent with the largest insurance company in the United States. He earned his Bachelor’s from the University of Texas. He’s worked in several fields but has specialized in insurance, financial-related information, and technology. He blogs at Car Insurance Guidebook.

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