Get Personalized Auto Insurance Quotes

7 Ways to Compare Auto Insurance

Auto Insurance
July 1, 2020

au7 Tips and Tricks to Compare Car Insurance & Save!

There are about 268 million registered vehicles on American roads on any given day. In 2017, 6.5 million car crashes were reported leading to 34,000 fatalities. These figures reiterate the need for auto insurance.

It’s a hassle choosing from the hundreds of insurance companies competing for your attention. Once you’ve settled on two or three and received their quotes, it gets even trickier.

The following are 7 simple ways to compare auto insurance quotes and get value for your money, whether you are a first-time auto-insurance shopper or simply seeking better coverage.

Evaluate the Cost of the Policies

The premium you will pay is a fraction of the cost of a policy. It’s very difficult to judge a quote based solely on the premiums.

The other aspect of cost is deductible. This refers to the amount you will pay from your pocket each time you make a claim. As the deductible goes up, the premium is reduced. The choice should satisfy your insurance goals and be within your budget.

Inquire about Current and Future Discounts

A majority of car insurance companies offer various discounts. Some take effect immediately while others take some time to kick in.

Discounts reduces the overall cost of the policy. The most common type of discounts to look out for are:

  • New customer discount
  • Policy renewal discount
  • Low mileage discount
  • Safe driving record discount
  • Multiple driver insurance discounts

Remember to pick an insurer that offers discounts most beneficial to you. For example, if you have a teenage driver then the insurer that offers discounts for multiple drivers is the way to go.

Compare Offered Coverage Policies

An insurance quote may have low deductible and very attractive premiums but still end up being costly. The policy you decide on should cover all the items of interest to you.

Most auto insurance shoppers sign new policies because of the low premiums. Thus, refusing in confusion when learning how little or inadequate the coverage is when they eventually make a claim. To obtain an accurate comparison, analyze similar insurance policies with the same deductibles.

Ask for Claim Policies and Repair Plan

Ask about the exact procedure of making a claim. The terms may look good on paper, but a policy is not good if the claim process is too complicated or ambiguous.

Compare the duration it takes for a claim to be paid- the shorter the better. The quote should also outline the repair plan in case of an accident. An insurer with a direct repair program is preferred.

Consider the Payment Plans

With most policies, you pay monthly, every six months or yearly. Generally, carriers offer discounts if you make lump sum payments.

Compare the payment plans and find out which quote will help you save more. Inquire if the insurer has a pay-as-you-drive payment option. This is a revolutionary idea that lets you buy a short-term insurance policy that lasts between 1-24 hours.

Conduct Company Assessment

Assuming you are comparing identical policies from two or three different insurance companies, the reputation of the companies can help you decide.

The financial backing of the company determines if they are capable of paying a claim. This information is readily available on independent websites like the State Department of Insurance, Best Business Bureau and A.M Best Insurance Rating.

You can also visit the social media pages of your potential insurers and read the customer reviews. It’s a good way to gauge the level of customer satisfaction.

A less known trick is to ask your local auto parts dealers which insurance companies promptly do repairs and which ones like to cut corners.

Visit Insurance Quote Comparison Websites

If you don’t want to do all the research, you can visit any website that specializes in comparing the quotes in your possession.

The site chooses the better quote once you’ve set certain fixed variables such as the amount of insurance you need, the premium and or the deductible.

Like, if you are unsure of what carrier to go with, we can help with your decision. We will connect you with all of the top carriers so you can compare coverage policies.

Learn More!

Successful comparison of insurance quotes requires thorough research from the customer. You should have an idea of the average cost of insuring your car and some understanding of insurance terminology.

Reduce the number of variables to consider by deciding the amount of insurance you need, the premium you can afford and the policy you want.

You can never go wrong once you’ve set clear insurance goals. If the quote you receive is too good to be true then don’t even think about it. You can save so much money by taking a little extra time to evaluate the options.