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5 Tips for Comparing Car Insurance Rates

african american woman searching auto insurance on laptop

How Can I Compare Auto Insurance Rates? 

When it comes to vehicle coverage, everyone’s goal is to have the best car insurance at the lowest possible rate. Getting cheap car insurance that doesn’t compromise your coverage isn’t easy, but the best method to get good car insurance at the lowest price is to compare car insurance quotes. But what can you do to make sure you have an accurate auto insurance quotes comparison? If you follow these simple guidelines, you’ll be able to get a proper car insurance comparison among all the options available to you. 

1. Select the Same Liability Limits and Coverage

In order to get accurate car insurance online quotes, you need to make sure that all the policies are on the same playing field to compete for your money. The best way to do that is to settle on a specific liability car insurance limit and coverage plan in order to see what car insurance quotes you’ll be offered for the same limitations and coverage. 

This will help you avoid making a mistake. When comparing car insurance plans, many people buy a lower-priced policy without realizing that it provides less protection or doesn’t provide enough liability coverage compared to one that is only a few dollars more. It is important to research these prices when they offer similar coverage in order to ensure you are getting the best deal for your money without regret. 

2. Set Similar Deductibles

As with liability limits and coverage, it is important that you set a similar deductible when comparing quotes on car insurance. Comparehow much you’ll have to pay in premiums after setting a deductible. By settling on a price you are willing to pay out of pocket, you’ll be able to see how much you would have to pay in premiums while also seeing how high of a coverage limit the insurance companies will offer to you. This can help you zero in on a policy that will give you the lowest price on a premium for the same amount of protection. 

3. Get Several Quotes from Multiple Reputable Insurance Companies

If you want to get the best car insurance, you need to shop around and take a look at the multiple options available to you. If you want to get an accurate auto insurance quote comparison, you’ll need to get auto insurance quotes from at least four to five different insurance providers. This will help you find out what prices are available to you. You can also see if there are any differences in coverage among the companies you have researched and then choose the one that will fit your needs the best. 

This can also help you weed out any disreputable insurance providers. If you are comparing car insurance offers and see one that is much lower than the rest of the field, it is probably too good to be true. They could be excluding certain types of coverage or making inaccurate assumptions about your driving profile. If you want to know more about an insurer’s reputation in order to protect yourself from being scammed, you can do some research through A.M. Best, an organization that objectively rates insurance companies to protect customers. 

4. Look Closely at Policy Details, Exclusions, and Additional Services

Okay, so you have looked through five or more car insurance quotes that offer the same liability limits, have similar car insurance coverage, and are at the same deductible, but you still can’t make a decision. Now what? It’s time to do some extra digging. 

Look closely at each insurance policy to see the finer details. It could be that some policies offer less coverage or exclude certain protections compared to the others. On the other hand, there could be other policies that include certain extra benefits such as covering towing costs or rental reimbursement while offering the same cost for the same coverage as their competitors. Little details like these can help you determine which insurer is the best for your needs and for your wallet when you compare car insurance quotes. 

person searching on laptop and writing notes on notepad

5. Know That Your Circumstances Could Influence Your Final Cost

Insurance companies want to appeal to as many potential customers as they can, so you’ll likely find many great offers for car insurance online. However, the car insurance quotes they provide might not apply to you given certain circumstances. 

If you have traffic citations, previous accidents, or a DUI on your driving record, you might get a higher cost on your insurance policy versus the quote you originally received online. In most states, a poor credit score can also influence the final cost of your insurance premium as well. The amount of impact these things could have on your insurance rate varies from insurer to insurer. 

However, on the positive side, there are some things that could make the insurance quote you received even cheaper. The insurance company that gave you the quote you want may also offer discounts for being a good student, owning a home, passing an advanced driving course, or even just for being a new customer. It’s important to know these details in order to gauge whether or not the rate you have been quoted will become higher or lower. 

Comparison Shop for the Best Rates on Car Insurance 

Need help finding cheap car insurance? Freeway Insurance will compare car insurance rates for you and present you with the best option based on your specific needs and budget. Get a fast and free car insurance quote online, call (800) 777-5620 to speak with an agent to request a free quote, or stop by one of our locations and start saving money on your insurance. 

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