Disclosure: The ads and links on this website may promote products. We may receive compensation. Always check with legal professionals before making any financial decision.
Are Car Insurance Quotes Accurate? Can I Trust The Quote My Insurance Agent Gave Me? Will My Car Insurance Rate Change Over Time?
Should I Trust A Car Insurance Quote?
This is a great question! It really depends on how you got your quote. If it is accurate, which we will get to next, you can trust it. However, you not trust it is the best quote for you.
With car insurance, the rates can vary dramatically. The company is usually the biggest difference in rates. However, you should also make sure you get the right coverages.
If you have coverages you don’t need, you will end up paying far more each month. What coverages do you need? I put together a guide right here that will help you know what to get.
Are Car Insurance Quotes Accurate?
The best indication of how accurate the quote is based on how many information you gave them. The more information you give them, the more you can trust the rate.
Some companies give you a quote without much personal information. These usually aren’t worth very much.
Without your credit and driving history, it is impossible to have an accurate rate.
If they didn’t ask for your permission to check those records, it isn’t an accurate quote. Be prepared for it to possibly go up substantially.
Will My Car Insurance Rate Change?
Car insurance quotes can sometimes change before you buy them. That can happen for all sorts of reasons. Remember, after all, that a quote is a estimated price.
If they didn’t run your driving history, it may go up later. Some carriers may not run your driving history until after you signed up with them.
So if there is an old accident or parking ticket on your driving record, your rate may go up.
Or if you are in an accident, even not-at-fault, your rate will go up. If you make a claim on your insurance, the rate will go up.
I recently renewed my policy and found that it increased a bit due to a couple of tows. If I had known for sure, I would have used AAA or paid myself.
If you move, your rate could also change. Some zip codes are more prone to accidents. Those zip codes usually have higher rates.
When house or apartment hunting, it might not be bad to get a quote in that area first. That way, you won’t be surprised later.
Summary
Are Car Insurance Quotes Accurate? Not always but now you will have a better idea when to trust them!
I usually recommend Root Car Insurance!
Adam is a license Property and Casualty Insurance Agent for over two years in 25 States. He has worked with 10 different insurances companies. His interests include marketing, insurance, sales, and personal finance.
