FREE Auto Insurance Comparison
Secured with SHA-256 Encryption
Compare quotes from the top auto insurance companies and save!
An old saying goes, “Do you want it right, on time, or cheap? Pick two of the three.” Apply that wisdom to buying auto insurance online and you are only slightly on the right track.
To break it down for you, if you get an inexpensive policy right now it could cost you in financial benefits and peace of mind down the road.
If you go with the cheapest policy, you might be cheating yourself out of necessary liability and property damage coverage.
The more thorough answer is that it is wise to compare different auto insurer quotes and policies to find the best plan for you.
Most importantly, make sure you take your time to get the policy details right and compare costs to get the most valuable plan. Use our FREE quote tool at the top of this page.
How to Compare Policies
Finding quotes online is very easy and nearly instantaneous in most cases.
It is more about what you do with quotes and how you analyze the lines of coverage in proposed policies that makes the difference.
Learn about Car Insurance
When you know what the lines of coverage are then you can decide what you need. Basically, there are two sides of the same fence.
One side includes the damage and injuries you cause to others and the other side is what damage and injuries others can cause you and your loved ones.
Beyond that, there are two more main distinctions. Bodily injury liability and property damage are the other basic elements.
Injury liability covers you if you cause harm to other people. Property damage might cover against damages you cause if your car skid’s off the road in the next ice storm right into your neighbor’s fence.
Some states do not play around with defining who caused the injuries or property damage. Personal Injury Protection (PIP), as it is called, provides added medical benefits, pay if you cannot go to work, therapies and other insurer-defined policy details.
Some states require PIP, others allow residents to decide what they want.
Typically you will see three dollar figures listed next to every line of coverage. For instance, bodily injury liability might read $100,000 / $300,000 / $100,000.
It means that there is up to $100,000 in benefits per injured person at a total of $300,000 maximum per accident. The third number indicates the maximum property damage coverage on the policy.
Is your deductible too low?
Many consumers increase their deductibles or the amount they pay out on every claim, to afford their premiums. Deductibles flow inversely from the cost for every line of coverage.
Increase the deductible for property damage to $2500 from $500 and re-run a policy quote and your rate falls.
The only catch is that regardless of the deductible you choose, you have to come up with every time you need to use the insurance. It is not cumulative the way a health insurance plan runs.
Unless you want to keep handing over $2500 every time you run over the fence next door in an unending winter, consider the affordability of deductibles.
Did you buy enough coverage?
The example above may not be the right amount of coverage for you. You have to think about your financial health every year when you buy coverage.
If you made $10,000 a year for 30 years and you just won the lottery and now make $1 million per year, time to increase liability insurance coverage.
Also consider umbrella insurance policies to support your assets against lawsuits.
Preparing for Policy Shopping
Start by optimizing your savings by making sure you are getting the best deal for your money. While it is a competitive market for the car insurers, they do not always follow logic and reasoning.
Just because you have had the same insurance company for 10 years does not guarantee that you are being rewarded for your loyalty.
Here are some tips for how you can look for quotes.
- Shop around Yearly
- Check your credit report
- Fix mistakes in your credit report three months before you shop for car insurance
- Check creditworthiness of the auto insurers you are comparing
Yes, many carriers reward longevity along with years-long periods of time when their customers have no accidents. It is not always that case.
Shop around yearly and you might just save yourself a good amount of money to buy comparable policy coverage elsewhere.
When you know that your coverage is coming up for renewal in a few months, that is the time to check your credit report. It will include how much you are borrowing compared against your credit limits and timeliness of recurring payments.
If you are like many former homeowners, you need to make sure that any short sales or foreclosures are recorded accurately. The insurers translate a lower credit score into a risk because they surmise you may not pay them in the future.
If your closing paperwork says the bank was going to state “settled for less than owed” and has you listed as open and delinquent, it makes a difference.
Just when you are lamenting on the unfairness of the situation, here is a bright lining.
You get to turn the tables on the auto insurance companies. Check out their creditworthiness, or their ability to pay your claims in a timely manner.
The credit rating agencies make it easy to find fiscal reliability on publicly traded companies. Look for any A-ratings.
Now You Can Compare Policies
Make sure the coverage is the amount you need. Too low and you can get sued if you cause an accident
. Or, you may find that your insurance only pays you enough to buy a car 30 years ago because you did not increase your coverage.
Here are some tips to comparing policies:
- Get Your Quotes
- Highlight the Credit Worthy Companies and Ignore the Others
- Compare apples to apples or lines of coverage are at equal amounts across quotes
Now you have probably narrowed down the options to a couple. Now you can go ahead and look at where they fix their cars.
Do they mandate, as part of your policy, where you can get your car repaired? If it is an insurer body shop, make sure you read up on how happy customers were with that situation.
If you want to maximize savings as your insurer if they give you a discount for buying more coverage from them. Adding on renter’s insurance might save you a good chunk of change.
In short, be sure you compare policies before signing up for coverage.
Buy the right amounts of insurance and choose deductibles you could pay more than once over. Only agree to policies where you are assured quality repairs, efficient claims handling and a high degree of customer service.
Always compare quotes before deciding on a company. Use our FREE auto insurance comparison tool at the bottom of this page! Simply enter your ZIP code to get started.