How to shop for car insurance online
Summary
Online tools let drivers compare car insurance quotes from multiple companies, but the lowest price may not provide the same coverage as other options. Drivers can make comparisons more useful by preparing accurate information, choosing coverage that fits their needs, and requesting quotes from several insurers.Key Facts
- Insurers can quote different rates for the same driver because they use different formulas to assess risk.
- Rates can depend on a driver's record, location, vehicle, and selected coverage.
- Quote applications typically ask for a driver's license number, vehicle identification number, address, estimated annual mileage, and information about household drivers.
- Having current policy limits and deductibles helps drivers compare similar coverage.
- Most states require auto insurance; New Hampshire has financial responsibility requirements instead.
- Higher liability limits can help cover injuries or property damage that exceed state minimums.
- Collision and comprehensive coverage may be worth considering for newer or costly-to-repair vehicles, and lenders generally require them for financed cars.
- The article recommends requesting quotes from at least three to five insurers and notes that comparison sites may not include every insurer.
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