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Looking to see where can I compare auto insurance quotes? How many auto insurance quotes should I get? Save money by finding the best quote!
Why Should I Compare Auto Insurance Quotes?
Why is it important to compare auto insurance quotes? It is really worth my time? You should compare rates because insurance is a monthly bill. As long as you drive a vehicle, you need auto insurance. Because of this, even a small savings can amount to a large sum. $20 a month of savings can be an extra $240 in a year. For most people, the savings can be even larger.
When I switched from Allstate to Root, I got better coverages and saved over $100 a month! An extra $1,200 a year is a big deal for most people. Could you imagine saving that much with just a little bit of comparing prices? This is especially beneficial for retirees and middle class families. The smaller the wiggle room in your budget, the more important is it.
The issue with getting one quote is that you will never know if it is high or low. When I signed up for Allstate, I didn’t shop around. Unlike an iPhone or gallon of milk, insurance prices vary dramatically. One company may charge twice as much as another. Due to lack of accessibility, it is hard to compare prices. Generally, if you only get one quote, you lose.
How Long Should I Spend On Comparing Auto Insurance Quotes?
Generally, people are busy. Of course, getting each quote takes time. However, it’s worth it to spend the time to get each quote. To save time, some people like to go to insurance agents who represent several companies. However, there can be some issues in doing that. Insurance agents have no fiduciary duty to you. If they have two rates in front of them, they may give you whatever pays them more. There are definitely good agents out there but be careful.
Also, sometimes carriers’ rates may be more through an agency. Did you see the small print on the Progressive ad? It usually says that rates vary by how you buy. In the agency where I worked, people often said they couldn’t find lower rates for themselves. If they can’t do that for themselves, why would they do that for you?
How Many Quotes Should I Get?
The short answer is as many as possible. Most of the time, I recommend 10-15 or more quotes. This will give you a good idea as to about what you will pay. This should also be enough to find one of the cheapest rates in your area. Of course, there is always a chance there will be a lower rate. If you are finding a huge range of quotes, keep looking. However, if all the rates are close ($5-25) then you are probably okay to stop looking.
Just remember that savings will add up over time. For example, if you make $25 an hour, it may not seem worth your time. However, even if searching only saves you $25 a month, that would be worth 12 hours of your time.
Don’t give up until you get those 10+ quotes!
Where Can I Compare Auto Insurance Quotes?
There are several comparison quote websites. This quotes are usually good but not perfect. There also usually get paid for generating leads. I would try not to give them a cell phone number, if possible. You can check out Insurify, NerdWallet, Gabi, and The Zebra.
However, once you find a good quote, I would go straight to the company’s website to sign up. Make sure they aren’t raising your rate by using a comparison service.
Summary
Now you know why you should compare auto insurance quotes, how long you should spend, how many quotes to get and where you can compare several quotes. Remember to always be careful and double check everything. An independent agent or comparison website may have a cost. However, they may also save you time and money. Always do your research.
Personally, I always go with Root Insurance. I have had the best experience with them. If you use my link, they’ll actually give us both $50, even if you don’t sign up. You should try them and let me know what you think in the comments!
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.
