You can easily spend all day getting car insurance quotes, and still not know for sure how they compare. Each one seems to have different small print. Plus, there are so many variables. But if you spend some time and energy comparing quotes, it can save you some money.
Although each company looks at most of the same factors to decide what to charge you, there are differences. And that’s why different companies offer you a wild range of rates for what seems like the same thing. It’s not like you change from one quote to the next.
So, how do you get the best possible deal when you compare car insurance quotes?
How to compare car insurance quotes
Quotes are free, so you may as well get more than one. Get car insurance quotes from 3 or more companies in your area. Make sure the car insurance quotes include:
- Identical liability and uninsured/underinsured motorist protection.
- Identical deductibles for collision and comprehensive.
- The same cars and drivers.
- Any discounts (check their website).
When you Make the Calls
Make a folder of the info you need when you are on the phone with each company.
Personal – Address, birth date, marital status, occupation, and driver’s license number of everyone you want to insure.
Vehicle – Make, model, year, date of purchase, mileage, and VIN (Vehicle Identification Number) for the cars.
Driving History – Claims, tickets, and violations, plus driving courses for the last 5 years for each driver.
Insurance History – Some insurers need coverage history. Plus, if you prefer anyone in the household excluded, provide proof they have another insurance policy.
Think of your car insurance as financial protection. It doesn’t just protect the money you invested in your car, either. Accident bills to pay for injuries and damage add up quickly, often reaching over $100,000. If you cause a wreck, victims sue you. Your savings plus your house end up paying those bills if you don’t have insurance.
Liability Insurance – What to Look for in Car Insurance Quotes
Liability insurance coverage protects you, so you don’t have to use your assets to pay the amount you owe. The liability limit is the most critical part of car insurance quotes. Typically, you should have at least the liability insurance coverage as you have as your total net worth.
Comprehensive and Collision Coverage
In addition to liability coverage, you have a choice about the levels of comprehensive and collision coverage, too. Make sure your car insurance quotes all have identical levels of both.
Comprehensive – Covers the value of the car, if stolen and not recovered, plus damage from weather like tornadoes or hail. It also covers:
- Falling objects
- Riots or civil disturbances
- Crashes with animals, like hitting a deer
Collision – Covers your car’s damage when you cause an accident, even if you hit a stationary object like a pole or your garage. Covers damage to your car when someone hits you, although you could claim against their liability insurance.
Every insurance company balances the personal factors to make their evaluation. And it’s not like they publish those methods so we would all easily know. So, you won’t know which company values your occupation or puts an emphasis on clean driving records more than others. But you can get a pretty good idea by shopping for car insurance quotes.
There is one most important thing to remember when comparing car insurance quote. Whatever coverage, always make sure the quotes are for the same types and amounts of insurance. Less coverage for a lower price is not a better deal.