How do online auto insurance rate quotes work?

FREE Auto Insurance Comparison

 Secured with SHA-256 Encryption

Compare quotes from the top auto insurance companies and save!

Things to Remember...
  • There are numerous advantages to comparison shopping and purchasing insurance online
  • Online auto insurance comparisons don’t require the individual to waste time driving anywhere while searching for the right insurer and best value
  • Obtain quotes and information from several different insurance agencies
  • Make sure it’s a fair comparison by only comparing the same types of coverage

This is becoming a frequently asked question because people are becoming increasingly interested in shopping for car insurance online.

There are numerous advantages to comparison shopping and purchasing insurance online. Enter your ZIP code into our FREE auto insurance comparison tool to find great rates on car insurance now!

The benefits of online auto insurance shopping vary from person to person. However, the most noticeable benefits are:

Save Time

Dollarphotoclub_97121011-1600x1600

Time cannot be replaced, so it is a valuable asset for everyone. It takes up valuable time to drive to and from each insurance agency or hassling with automated phone systems to obtain quotes and information.

Online auto insurance comparisons don’t require the individual to waste time driving anywhere while searching for the right insurer and best value.

Convenience

Online comparison shopping allows the individual to find and purchase a policy from any place that has an Internet connection.

The person can shop from the comfort of home, from the office, or while at a Cybercafe.

Unlike off-line comparison shopping, online shopping can be done 24 hours a day, seven days a week. It doesn’t matter if the insurance agency’s office is closed or how foul the weather is.

Increase Chance of Finding the Right Policy

Comparison shopping online normally provides the purchaser with a wider selection of offers. The wider range of options increases the likelihood of finding an auto insurance policy that best suits the person’s specific needs.

The wider range of options increases the likelihood of finding an auto insurance policy that best suits the person’s specific needs.

Save Money

adobestock_113202604-1600x1600

Since information and quotes are found online, there’s no money spent on gasoline and other driving expenses as there would be during an off-line comparison shopping spree.

Offline shopping can lead to lost wages and productivity due to the business hours kept by most insurance companies.

The online shopper doesn’t have to take off any time from work, so he can save money on auto insurance online without losing out on any earned wages or productivity.

Additionally, the offline search would most likely be more limited, so the person would likely end up over-paying for the coverage or be underinsured. Being overinsured or underinsured can cause the person to lose money.

FREE Auto Insurance Comparison

Compare quotes from the top auto insurance companies and save!

 Secured with SHA-256 Encryption

Obtaining Online Auto insurance Rate Quotes

Fortunately, learning how the online auto insurance works doesn’t require a person to be a college graduate. Nor does the purchaser have to be highly computer-literate.

Obtaining online auto insurance rate quotes for the  comparison shopping process is fairly simple.

There are two basic ways of acquiring the information online and conducting comparisons. One way takes a bit longer and requires the individual to apply more effort than the other way does.

However, both ways involve the following steps:

– Amass the Necessary Documentation

Amass the necessary personal documentation and vehicle information prior to starting the comparison shopping.

Then determine what type of insurance coverage is needed and what amount of coverage for each type of insurance benefit is adequate.

– Search Online

Dollarphotoclub_79971120-1600x1600

Search the Internet for  auto insurance companies. Then make up a chart with the names of the insurers, the type of coverage and benefits desired, and the amount of coverage desired.

The chart should definitely reflect what discounts and extra benefits are being offered by each insurer.

– Get Multiple Quotes

Obtain quotes and information from each individual agency. Place the information obtained next to the company’s name on the chart or use check marks to demonstrate if the company has met the needs for the type and amount of coverage desired.

The individual will also need to ascertain whether the insurer provides coverage for the area he or she lives and works in.

– Compare Prices

Compare auto insurance prices and their companies. Make sure it’s a fair comparison though, by only comparing the same types of coverage.

For example, don’t compare a full-coverage policy with another company’s liability only policy. Also be certain to check for any hidden fees and charges, such as administrative fees.

– Narrow Down the Choices

AdobeStock_38113283-1600x1600

Narrow the choices down and then check out the stability and reputation of each of the remaining companies. Especially give consideration to the company’s customer service, company policies, and claims processing procedures.

Make Your Purchase

Select one and then purchase it. Carefully read the policy before signing the contract or paying for it. Especially read all the fine print and exclusion clauses, and ask questions if any part is not completely clear.

Differences Between the Two Methods of Online Comparison Shopping

The primary difference between the two methods of online comparison shopping is the way the information and quotes are obtained.

One way is to visit each insurance company’s website individually and request a quote directly from the company. This entails filling out a form for every website visited.

In some instances, the insurers’ websites only give out basic information about their auto insurance policies and the individual is directed to call the agency to obtain an actual quote.

This way can be time-consuming and a bit frustrating to those who were trying to avoid having to make calls to each company. However, it does still save some time, money, and effort compared to off-line comparison shopping for insurance.

The second method is to visit an auto insurance quote comparison website instead of the individual insurers’ websites.

The inquirer simply fills out and submits one form to the insurance comparison website. Next, the comparison site sends the form to various insurance companies.

The interested insurance companies then make direct contact with the person and present their offers.

In some instances, the comparison site may be set up to have the individual check back on the site rather than have the insurers directly contact the individual.

Many of the comparison sites also provide online comparison charts so the individual doesn’t have to create one offline.

The Benefits of Each Method

AdobeStock_55566404-1600x1600

With the first method, the individual may be dealing directly with an insurer or with the insurers’ affiliated broker. This means that the individual will only receive a quote from one company per website visit.

With the second method, the individual is probably dealing with an insurance broker or an affiliate of one, so will receive offers from several companies.

However, similar to off-line brokerages, online insurance brokers do not provide quotes and information from every insurance company that services the particular area.

To start your research with some reliable comparisons, use our FREE auto insurance comparison tool by entering your ZIP code!

Like most off-line insurance brokerages, the online sites only present offers from the insurance companies they are affiliated with, but our FREE comparison tool is a great place to see quality rates.

So people who ask the question, “How do online auto insurance rate quotes work?” will greatly benefit from sharpening their comparison shopping skills, whether it’s online or off-line.

FREE Auto Insurance Comparison

Compare quotes from the top auto insurance companies and save!

 Secured with SHA-256 Encryption

[0-9]
[0-9]