Complete an Auto Insurance Comparison
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It is always a great idea to compare car insurance quotes in order to find the most suitable auto insurers. Just complete the following form and quickly make an auto insurance comparison of car insurance quotes and other important factors such as financial stability.
While you compare auto insurance, there’s a whole lot to consider. But the absolute first thing you need to know about is what makes up the price of your car insurance policy.
Of course, we all want to pay as little as possible. Everyone is unique, but auto insurance companies base the price of your coverage on statistics. They want to break down the chances you’ll get into a car accident and need to make a claim. The factors that an insurance agent looks at —such as age, sex, marital status, ZIP code, and credit score—all play a part in your car insurance premiums.
Statistically, an inexperienced driver is more likely to get into an accident than an older driver with a clean driving history. And certain locations have more theft, traffic, and underinsured motorists than others. Insurance companies are doing a risk assessment on every driver they insure so they can keep their profit margins high.
They also need to know what kind of car you’re driving, where it’s parked, and how much you drive it. Since the worth of a vehicle can range anywhere between next to nothing to a quarter of a million dollars, it can have a big impact on your auto insurance quotes. Of course, so can the safety features. Some vehicles can get car insurance discounts based on airbags or advanced corrective driving features since they are less likely to need expensive insurance claims.
The final factor that affects your car insurance is the kind of coverage you have. Let’s break each of them down a bit.
The kind of coverage that comes with your car insurance
Virtually everyone on the road is required to obtain minimum liability coverage to be legal to drive. Different states require different levels of coverage, but your insurance agent will be familiar with the minimums for liability insurance and won’t offer you anything less.
Each coverage will have its own deductible. When comparing car insurance quotes, take a good look at the deductibles and make sure you’ll be able to meet them if you ever need to file a claim.
Bodily Injury Liability covers any costs from injuries if you are in an at-fault accident. It’s usually broken down into two parts—the maximum injury liability payout for one person, and the total liability payout for all the injuries other parties sustain. This does not include you or your passengers’ injuries.
Property Damage Liability covers damage you do to another vehicle or any structures involved in the accident, up to the amount stated on your coverage. Once again, this does not cover damage to your vehicle. If someone else hits your car, their liability coverage should be paying out. Of course, this can vary depending on the fault laws state to state.
Some states require might require additional coverage:
Personal Injury Protection is a sometimes requirement, usually in places with no-fault accident laws. This will cover injuries for you and your passengers, as well as lost wages if the injuries force you to miss work.
Uninsured Underinsured Motorist coverage is required in some states. This policy will pay out if the at-fault party is unable to cover all the injuries and damages to your vehicle in an accident
And finally, if you're still paying off your vehicle, your lienholder will require you to have collision and comprehensive coverage for your car. There’s no wiggle room here—if you can’t afford the cost of insuring a new vehicle, don’t buy it!
Collision Coverage pays for damages to your car in an accident for which you’re at fault. They will typically provide a rental for when your car is in the shop, as well.
Comprehensive Coverage pays for damages in instances outside of human control. This includes hitting a deer, hail damage, vandalism, and theft.
Gap Insurance is not a requirement, but it can make a big difference. If you buy a brand new car with little or no down payment, the moment you drive off the lot your payoff amount can exceed the worth of your vehicle by quite a bit. But don’t let a car salesmen pressure you into one of these policies on the lot. Accredited insurance companies usually have better deals with less grey area.
Quality, Reliability and Financial Strength
A.M. Best Company is an independent rating agency that measures the financial condition of insurance companies. A number of factors are taken into consideration to determine a company's rating. The rating is a measure of financial strength and the ability of the company to meet its obligations to customers. OnlineAutoInsurance.com provides users with A.M. Best's rating of each company in order to help shoppers make a more informed decision.
A well-established company in good standing is a good bet, but you don’t want to overpay on your insurance policy because of it. You should also take a good long look at customer complaints. If auto insurance companies are regularly wiggling out of payout amounts, you don’t want to waste your time and money with them.
A great way to inquire about a carrier's service is to obtain feedback from a current customer. Since we all pay our premiums, we expect to get the service we deserve. Feel free to contact the customer service department of a particular auto insurance company in order to get a feel for its service.
When it comes to service, it includes the time taken to respond to an inquiry, as well as response time upon submitting a claim. Most companies provide a 24-hour insurance claims hotline for customer convenience.
Some agencies have great deals on roadside assistance plans. If you’re stranded with a dead battery, out of gas, or worse, knowing you can call a tow truck can be a huge comfort. Especially if it’s less than a dollar per month extra! They may also have “preferred vendors” for labor on your vehicle, so you can get discounts on services at no extra cost. It’s hard to put a dollar value on things like this, but it can help break a tie when two insurance companies have very similar rates for coverage.
What’s not to love about a good discount? No one company will give everyone the best deal. Different companies target different demographics, so take the time to find the one that’s suitable for you.
For example, veterans and active-duty service members can get a good discount at USAA. Many companies also offer students with high GPAs a break. Some will give discounts for bundling up different policies. So if you need life insurance or homeowner’s coverage, you’ll save if you get them from the same company. Not to mention, most companies charge you less if you own you’re home—especially if you park in the driveway!
Policies that offer accident forgiveness can save you a lot of money in the unfortunate circumstance that you need to make a claim. More and more companies offer monitors that let them know your driving habits. If you can prove what a safe driver you are, then they won’t charge you as much to keep you covered.
The reality is, if you’re a high-risk driver, you’re going to pay more. But with a company that targets drivers like you, there are still plenty of ways to save. And the longer you go between incidents, the lower your rates will drop.
Get a Car Insurance Comparison Today
Playing different companies’ discounts against each other can be a lot of work, but it really pays off. And it’s so much easier now that you can get quotes online without having to talk to a bunch of insurance agents!
Even if you’ve already got coverage on your car, you can save a bundle, and sometimes get a better policy in the process. There’s no reason to stay committed to a policy you’re overpaying for. The 6% discount you might get for resigning on your policy can be pennies compared to the savings you might see from another carrier. So don’t waste any more time. Now that you know what to look for, get your free, no-hassle quotes today!