Posted by admin on December 14, 2012
If you want to save money on car insurance, you can receive a quote from several companies and then compare the data you’ve collected. Most car insurance companies provide an online calculator that allows you to input information about yourself and receive an estimated quote. While these car insurance quotes are not 100% accurate, they provide data that’s fairly realistic to what you will actually pay if you signup. Below, you will learn how you can use these car insurance quotes to your advantage and save a lot of money.
- 1 – Go to the website of the most popular car insurance companies
Car insurance quotes and rate calculators are almost always accessible on the web. By going to the website of each car insurance company that you want to compare, you can begin to fill out the tedious applications that the quotes require. Some of the biggest companies that you may want to consider include State Farm, All State, Geico, Progressive, Farmers, Liberty Mutual and Esurance. These are the top U.S. companies by market share. They should all provide some type of rate calculator and if you open up each site in a separate tab on your browser, it will be a lot easier to do the applications all at once.
- 2 – Fill out the car insurance quote application
Filling out the application should be very straightforward. Keep in mind, they may need some information about you such as where you live, what kind of car you drive, and how old you are. This is vital information that helps them determine the rate of your insurance plan. You would be surprised what types of factors can cause your insurance plan to go up. For instance, living in a high populated area, being a young driver, or even driving a sports car are all things that cause insurance plans to cost more. These are factors that place you in a “high risk” category.
- 3 – Compare the quotes you have received
After you get a car insurance quote, it is essential that you compare it with the quotes you have received from other companies. This is allows you to comparison shop and find a car insurance company that offers a lower price and better service. Remember that the quotes won’t be 100% accurate so if it’s only a few dollars, you shouldn’t necessarily go with the cheaper provider. Be sure to review the terms of the plan and decide on something that makes sense for your vehicle and your finances.
- 4 – Don’t subscribe to a plan that offers more than you need
If you purchased your car used, it’s possible that you could make do with a liability only insurance plan. This provides coverage for the other driver, in case you cause an accident. However, it does not provide any coverage for your own vehicle. If you’re a safe driver and you’re confident that you won’t be the one causing any accidents, liability coverage may be all you need. It actually makes economic sense for an older vehicle that is deteriorating in value.
Author Bio: Cindy Knott is on the team at CarInsuranceQuote.net where they cover topics related to car insurance including what makes a good car policy and how to get a good car insurance quote.