Home » Auto Insurance » How To Compare Auto Insurance Quotes

How To Compare Auto Insurance Quotes

Shopping around for auto insurance is the best way to make sure you are

getting the best deal. But not every agent or insurance company quotes in

the same way. It’s important to be sure you are comparing apples to apples

when you compare auto insurance quotes to ensure that you are getting a

great deal. That low price may come with lower coverage or higher

deductibles and might not be such a great deal after all. Learn how to

compare auto insurance quotes for a truly good rate.

 

Are The Coverages The Same?

When you read over an auto insurance quote (and do read it—ask for it to be

emailed or faxed to you, as mistakes can be made over the phone!) look to

be sure that the numbers listed for liability limits, uninsured motorist

coverage, and the comprehensive and collision deductibles match up. Then

look for additional coverages that are listed on the quote, such as roadside

assistance. Make sure that all of the quotes you compare list exactly the

same coverage, for accurate comparison.

 

Is The Policy Term The Same?

Some rates look absolutely incredible—until you realize the policy term is

only six months. Some companies offer different policy terms as well as

different payment plan options. If you plan to make monthly payments on

your policy, be sure to ask for the monthly premium. It isn’t necessarily as

simple as dividing a yearly premium by twelve. Many insurance companies

charge fees for the privilege of paying your premium on a monthly basis,

which can make the total yearly cost of the policy higher than quoted.

 

Are The Discounts The Same?

An auto insurance rate may appear lower because it was quoted with a

discount such as auto/home which you may not necessarily qualify for or

desire. If you don’t plan to take out a homeowner’s policy with the same

company, make sure they haven’t quoted it that way. Also check for other

discounts; they won’t all match up, as every company offers different

discount options. The best thing to do is to compare which discounts you do

qualify for, with each company, to help determine who is offering the best

discounts. Be on the lookout for discounts that don’t actually apply to you

and will likely be removed by underwriting after you accept the policy.

 

A good quote will be simple, straightforward, and easy to read. It will outline

all of the coverage included in the quote and apply only those discounts for

which you truly qualify. An inaccurately low rate in the quote won’t do you

much good if it changes once you accept the policy.


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