Making a choice for an insurance company becomes easier when you get a car insurance quote. Here is how to get a free car insurance quote for your vehicle.
Table of Contents
What Is Car Insurance Quotes
Before moving into how you can get free car insurance quotes, let’s take a moment to look into what insurance quotes mean.
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A car insurance quote is a price estimate of the amount of money you will have to pay for an auto insurance policy and other vital information about the policy. For most people, all that matters in an insurance quote is how much they get to pay; but that’s not all there is to consider on an insurance quote. Insurance quotes include vital information about what the company will cover and not cover (i.e coverage). It also contains details about how much the company will pay when an incident occurs (limits); how much you will have to pay if you file a claim etc. This information provides valuable insight into what to expect from the auto insurance company.
Auto insurance quotes vary from company to company; this is why it’s always advisable that you get multiple quotes and compare before you make your decision.
Factors Affecting Car Insurance Quotes
Auto insurance companies give their quotes based on various factors. Here are some of them;
- Location
Where you and your car is located often determines the risk involved in insuring your car. Those living in areas with high records of theft, vandalism, accidents or more expensive car repair or medical care will pay more compared to those living in safer and less expensive areas.
- Driving history
Your driving history will be demanded before a quote can be offered to you. Anyone with a clean driving record with no evidence of arrest or tickets will generally receive lower insurance quotes than those with a bad driving record.
- Your car
The type and model of the car you want insured influence the premium you have to pay on it. Expensive, exotic cars typically get higher insurance quotes. Also, insurance for vehicles with high safety ratings and lower repair costs is generally lower.
- Frequency of drive
How often you use your car determines how likely you are to get involved in an accident. Some insurance companies require this detail before they calculate your quote.
- Your age
Age plays a key role in determining your insurance quote. It is believed that older people are less likely to drive recklessly and get involved in accidents compared to younger people. Hence, older people might get lower insurance rates than younger people.
- Deductibles
The deductible is the amount you must pay before your auto insurance company can start paying for the damage. In most cases, the higher your deductible is, the lower the premium you have to pay.
- Coverage limits
If you are involved in an accident or your car gets stolen, the coverage limit is the amount of money your insurance company will give you on a single claim. The higher the amount is, the more costly your policy is.
Information Required To Get An Auto Insurance Quote
The total information required to get an insurance quote differs amongst auto insurance companies. However, some are basic and here are they:
- your name,
- date of birth,
- gender,
- address,
- marital status,
- vehicle information
- driving record
- previous insurance claims (if you are not a first timer)
- how much coverage you need.
- driver’s license
How To Get Free Insurance Quotes
If you intend to shop around for free insurance quotes, here is how to get it:
- Online
The majority of car insurance companies allow you to get a free quote online by asking you to provide some simple details. Simply check the company’s website and enter the details requested. Similarly, you can also get access to third websites that can allow you to compare quotes from multiple companies.
- Captive insurance agent
Captive agents are representatives from an insurance company. You can contact them and they can help you with getting free quotes for that company. A captive insurance agent can also help you decide which policy is best for yy
- Independent agent
Independent agents represent multiple companies and they can help you get quotes from different auto insurance companies. Then you can compare them and settle for the one that best suits your needs.
How To Compare Car Insurance Quotes
The best way to get cheap, free insurance quotes is to shop around and get quotes from multiple insurance companies. Once you have done this, you have to carefully compare them to pick the best offer;
- Minimum coverage provided
On your insurance quote, you will find details of the total coverage provided. Ensure the coverage provided meets your needs and is up to the minimum coverage required by your country/state. For instance, in Nigeria, every driver is required to have a third party insurance policy.
- Check the coverage limits and deductibles
For every quote you received, compare the coverage limits and the deductibles. This lets you know how much you stand to benefit in comparison with how much you have to pay.
- Discounts
To attract and retain customers, auto insurance companies offer discounts. However, these discounts are not the same. So, compare the discounts offered by each company and choose the one that benefits you.
- Reputation
This is especially important if you are usually a third party website or an independent insurance agent. Read up reviews and feedback from customers before you take any decision on choosing an insurance policy.
CONCLUSION
Getting insurance quotes can save you lots of money and ensure you get the best offers on your insurance policy.
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