Inflated Quotes Cost Consumers Millions Yearly

Inflated Quotes Cost Consumers Millions Yearly

Even though lower car insurance quotes are occurring through competition from warring insurance companies vying for new business, as well as increasing online quote houses, millions of consumers are still paying dramatically more for their car insurance than they have to, to the tune of millions every year, and hundreds of dollars per household.

Online quote houses, such as Insurance-Info-Center.com, states on its site that on average, customers can save $451 on their car insurance by comparing car insurance quotes with them.

But these typical savings won’t affect the average consumer unless they take action and compare their rates, both online, and with national and local agents in their area.

All auto insurance is not the same. In one study by a major insurance company conducted between 1999 and 2004, a six-month auto insurance policy fluctuated between a low of $481 to a high of $586. This translates to a year policy costing as low as $775, to as high as $1256 for the exact same coverage.

This means one thing: for consumer to save, find good service, and get a good rate on their auto insurance, they need to shop, shop, shop.

It may seem simple, but according to studies by a major online carrier, only 20% of the people surveyed actually get more than one quote before buying their insurance.

Experts agree that getting a mix of quotes from large as well as small insurers will give you a good mix. Insurance-Info-Center.com lets you pick from a wide variety of national insurers through their automated providers.

Experts also suggest that, even with the convenience and speed of online quotes, you should consult local providers as well.

In the long run you should shop around, and get quotes from as many places as you can before making a final decision. In the end, it will save you big money.

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What Should You Look Out For When Getting Cheap Auto Insurance?

When shopping for auto insurance, it is important that you seek out the best deals for your money. Many are under the impression that car insurance rates are determined by the overall quality of the automobile insurance that is provided. However, there are many companies out there that offer cheap auto insurance and offer quality benefits, and services.

Here, you will be introduced to a few things that you should look out for when it comes to getting cheap auto insurance. Whether you are shopping for rates that will cover a used vehicle, or a new one, these helpful techniques will assist you in your endeavor.

One of the very first things that you should do when searching for the cheapest auto insurance rates is to make a personal commitment to shop and compare. It is important to not just compare the prices of the coverage that is offered by various insurance companies. It is equally important to compare the services and the benefits that are associated with the coverage itself. Many times, you may find that a higher costing insurance coverage may not offer as many benefits to you as a low costing insurance can, or vice versa. However, if you take the time to shop and compare every aspect of the coverage, you are sure to find out some things that catch your interest.

The next thing that you should look out for when it comes to shopping for car insurance is discounts. Yes, many car insurance companies advertise discounts for safe drivers, and similar discounts but did you know that many companies have discounts available that they do not advertise? When calling about your potentially new policy in car insurance, be sure to ask about discounts.

In conclusion, there are many different things that you should look for when it comes to your car insurance. The items mentioned throughout this guide can lead you to save hundreds on your car insurance each year. If you are looking to obtain cheap car insurance, you must know and understand the basics behind the prices that are charged for car insurance.

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Why Do I Need Auto Insurance?

There are a number of reasons why you need to purchase auto insurance, but the most likely reason is money. Whenever an accident occurs there is always a cost associated with repairing damage to cars, damage to property and the medical needs of persons involved. This is where auto insurance comes in, it covers all of these costs and usually only at a fraction of the cost.

If your not already convinced that you NEED Auto Insurance then here is a list of reasons why you need Auto Insurance:

It will protect the investment you’ve made in your car

It will pay for the ongoing medical costs when someone is hurt or injured

It will shield you from costly damages from an accident-related lawsuit

It will protect you from uninsured motorists

It will pay for other events such as theft, natural disasters such as fire

Saves you money on big repair bills

It is the law in some states

You will have peace of mind

These are only a short list of possible reasons and they might not all apply to you. But at least one will and that is a good enough reason to purchase auto insurance.

When you consider the degree of seriousness of many of the nation’s auto accidents, the costs of treating injured people from these events can be staggering. Even a short stay in a hospital without surgeries and advanced procedures can run into the tens of thousands of dollars.

Why do you need auto insurance? You need it to cover the times when you’ve tried to avoid an accident but just weren’t able to. You need it to cover the times you hit black ice and spin out, hitting the median. You need it to make sure you’re not going to have to pay for someone else’s mistake when they don’t have insurance, as well as you paying for your own mistake because you didn’t have insurance.

I hope that this answers your question and you decide to go out and purchase auto insurance even if not for your own benefit, but for the benefit of others.

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Five Auto Insurance Tips

Choosing the right Auto Insurance for you can be a daunting task, these tips will help you to make the right decision.

Get More than One Quote

When purchasing auto insurance you need to make sure you are getting the cheapest insurance for your needs. To do this you need to get quotes from a number of insurance companies and then select the most suitable one for your budget. It is very rare for insurance companies to offer the same rate and give you the same coverage. So it pays to shop around.

Only Pay for What You Need

Auto Insurance policies often have a number of options to cater for the varying needs of car owners and more often than not you won’t need all of the options. If you own a car that is old and rusty and barely worth anything then don’t get full coverage, only pay for insurance that covers you if you hit someone else. There are also options such as a hire car for when your car is in for repairs after an accident, if you have other means for getting around then don’t choose this option. Selecting the best options for you can save you a great deal of money.

Review Your Insurance

Insurance companies don’t usually review your policy to ensure you are getting the best deal, they are happy for you to pay more than you should be. So at least once a year you should call your insurance company and ask them for a loyal customer discount and also get a few quotes from other insurance companies to ensure that you are getting the best deal.

No Small Claims

The ideal purpose of auto insurance is to cover the cost of major repairs to your car or for damage done to other people’s property or to persons involved in an accident. Making a claim for something as trivial as a scratch or dent can cause your insurance rate to increase and end up costing you more than simply paying to get the damage fixed yourself.

Keep All Insurance with One Company

If you have more than one insurance policy, then it is best to keep all of the policy’s with one insurance company. Insurance companies will often give you a discount for keeping all of your policies with them. This will also make it easier to keep track of your insurance when you need to make a claim or update a policy.

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