auto comparison insurance rate
How to Find the Best Auto Insurance Rate With the Best Company
Most of us are looking for the best auto insurance rates with a top rated insurance company. But how do you find it without spending half your life visiting insurance offices or talking to agents. Here’s a quick and easy way …
How do I get the best auto insurance rate?
As a former insurance agent I get asked this question all the time, and each time my answer is the same: “Shop and compare.”
The only way to know if you’re getting the best car insurance rate for your particular situation is to comparison shop, and the best way to do that is to fire up your computer and shop online.
There are a number of sites where you can get auto insurance rates from A-rated companies, and it only takes a couple of minutes to get multiple quotes from a number of top companies so you can compare rates. (See links below.)
When you go to one of those sites you’ll be asked a series of questions in order to tailor the quotes to your particular situation. Some things you want to consider in order to get the best auto insurance rate are:
* Dropping your collision and comprehensive coverage – If you have a older car that’s not worth a lot, you may want to drop your collision and comprehensive coverage. A good rule of thumb is if your annual premium for your collision and comprehensive insurance exceeds 10% of your car’s value, consider dropping them.
* Raising your deductible – If you make a lot of small insurance claims, your insurance company may cancel your insurance. So raising your deductible by a couple of hundred dollars will not only save you hundreds of dollars a year on your insurance premium, it may also save you from having your insurance canceled.
* Adding security devices – Insurance companies will give you discounts for installing anti-theft devices and auto alarms. Installing these devices not only saves you money, it will give you peace of mind knowing that your car is less likely to be stolen.
How do I know the company I pick is a good company?
Insurance companies are rated by various independent organizations like A.M. Best, Standard and Poor’s, and Moodys. Unfortunately you have to subscribe to their service to get their information, and they only rate companies primarily on financial criteria and not customer experience.
If you want to get the inside scoop to find out which companies have the best service and pay insurance claims the quickest, surf over to epinions.com. Here you’ll get consumer ratings and reviews from actual customers who’ve used a company’s services. Believe me, it can be a real eye opener.
Visit http://www.LowerRateQuotes.com or click on the following link to get the best auto insurance rates with A-rated companies, and see how much you can save. You can get more car insurance tips by checking out their “Articles” section.
The author, Brian Stevens, is a former insurance agent and financial consultant who has written a number of articles on how to find the best auto insurance rates.
Why is it so hard to compare home/fire insurance rates?
I’ve asked this question here and elsewhere before but have never received a single solitary answer (except spam). Why is it so hard to find a site or get a response from someone saying–”yea I compared about 5 insurance rates and the cheapest was ABC Insurance”. You would think tens of thousands of people have the same question. (Auto and Life insurance comparisons are a dime a dozen so why not home/fire insurance–is there a conspiracy?!.) Surely at least one person has actually done a price comparison of homeowners insurance and shared the results! Why then is this info so impossible to find anywhere?
Thx.
Well, because not all insurance companies write in all states. And, if you’re in Akron, have a 10 year old brick house with $200,000 cost to rebuild, the company that’s probably going to be cheapest for you, would NOT be cheapest on a 50 year old frame house in Medina that costs $200,000 to rebuild.
The company that’s cheaper for someone with a lower credit score, might not be cheaper for houses valued under $150,000.
Here are the rating factors, besides insurance limit, that influence pricing the most:
Claims history – both yours and the house
Protection class
Age of the house
Types of Updates
Construction Type of the house
Credit Score
ANY ONE of these factors, can skew the “best rate” from one company to another, or a third. Each company choose it’s OWN “target market” – the kinds of houses they WANT to write, and then price their policies accordingly.
So, you CANNOT get an answer that’s valid for everyone. Just like, what size jeans do I need? Just because one size fits YOU best, doesn’t mean it will fit me AT ALL.
There is no short cut. To find the cheapest for you, you have to shop around. SOME state insurance websites, will give you a ‘generic’ price comparison – but those prices are subject to underwriting, and when you CALL for those prices, you’ll likely find that they are for a condition that you DON’T have with your particular house.
And, FYI, all those online comparison websites, they harvest your personal information to sell to agents as leads. Even the auto/life ones. Their numbers aren’t accurate, either.