Contrary to what you may have heard all auto insurance is not created equal. A quick search on the net will quickly reveal different rates, different policies, and different terms, so how is one to sort through all the clutter.
Well the first thing you may want to do is visit the all auto insurance center which is a resource center that explains auto insurance in detail. You can also search the net and visit plenty of other good sites to better understand your coverage.
There are many things that affect your insurance rates.
Your driving record, how many tickets you’ve had in the past, where you live, how much you drive, what type of car you have, what type of coverage you buy, and where you buy your insurance company.
Many people have reported saving up to 40% by purchasing auto insurance online. The most important thing to remember when shopping online is to purchase your insurance from a reputable insurance company. You can always check the rating of the insurance company you are planning to deal with.
You should always get at least 5 or 6 quotes so you can compare thoroughly.
When comparing make sure you are comparing same policies. If not it would rather be like comparing Victoria Secrets lingerie to Walmart lingerie. Not a fair comparison!
You will need to be able to provide the company you are asking for a quote from with information relating to your driving record. There is no point in fibbing. Because the auto insurance company will validate all information you provide. If you lie your rates will go up or the insurance company may cancel your policy.
All auto insurance is not created equal for many reasons.
Companies use a formula to determine rates. We won’t get into the details of the formula but basically they calculate out the number of drivers they cover, the costs for the previous year including operating, accident, and liability claims, then they do some math and come out with their rates. Much is determined by the amount of payouts they’ve had.
We mentioned earlier about purchasing from an insurance company that is rated well. If you save a bundle of money but the insurance company you purchased your policy from has a tendency not to honor and pay out on claims but rather weasels their way out. Then the savings aren’t worth anything. Or if the insurance company is a fly by night operation here today and gone tomorrow, they’ll be gone with your money and you won’t have insurance. No savings in that scenario! So make sure to check! Unless of course you recognize the insurance company.
Companies like Geico, Allstate, Hartford, State Farm, Progressive, and of course several other big companies can be found online.
Most companies offer online quotes which is very handy. No more sitting on the telephone waiting to speak to an agent. No more driving half way across the city to get rates then driving half way around the city to get another rate then…. Okay I’m sure you get the picture! It’s tiring just thinking about it. It’s so much easier just to pull up a chair and put your mouse to work.
Hopefully we’ve brought to your attention that all auto insurance is not created equal. We thought we’d mention it again just incase ? So shop around and save money!