You’ve decided to purchase auto insurance. Good decision. Now, you’re wondering how many quotes to get before making a final decision. Good question.
Perhaps, you’ve jumped ahead and already received a few quotes from various providers and you’re not sure where to go from there. Maybe today is your first day searching for insurance. Regardless, here’s some advice.
How Many Quotes?
We suggest getting a minimum of 3 or 4 car insurance quotes. Why? Because with auto insurance, you simply never know.
There are a lot of big name carriers out there, as well as some small ones, and the deal they give you may vary considerably.
The best way to find out is to compare car insurance quotes. Auto insurance carriers may appear to be pretty similar to each other, but behind the scenes they aren’t.
Most carriers offer discounts of some kind, but not all offer the same discounts. That means you may get a discount as a good student at Carrier A and a new car discount at Carrier B. However, discounts can stack up and it is worth seeing which provider ends up offering the highest percentage off of your premium. For example, the good student discount may get you 15% off while the new car discount will only get you 10%. Be sure to speak to agents and mention all possible organization affiliations as well as anti-theft, low mileage, or other auto insurance discounts if you think those may be applicable to you.
Also, read the details. Read them more than once. Make sure you understand what your policy covers and that you feel comfortable and confident with that. Ask for confirmation for reassurance and understand the costs.
Got It. Now, What?
Well, once you have your quotes and have spoken with agents to determine who fits your coverage needs with the most value, then go for it.
Just remember, that your new car insurance company isn’t the be-all, end-all. Check your quotes every so often and realize that sometimes, long-term loyalty doesn’t pay off. Be aware of price optimization and make sure you are getting what you paid for.