Comparing auto insurance online is the fastest and most efficient way of finding a quote on auto insurance that works for you. However, there are some misconceptions circulating about quotes from online comparison sites, so what follows is a list of myths and truths of comparing auto insurance online.
An online quote on auto insurance is binding. This is a myth. A quote is never binding. An online quote is merely a price indication, however accurate it may be, that insurance carriers provide as a courtesy to potential customers. However, when you buy an insurance policy and sign the agreement, you enter into a legally binding contract that is valid until it expires or is terminated by one of the parties.
A comparison site provides me with quotes from every insurance carrier. Again, this is a myth. Though many good comparison sites offer a comprehensive selection of carriers, there are numerous other insurance carriers out there. It’s always best to select a trustworthy comparison site like AgentInsure that offers quotes from some of the most reputable companies.
Online quotes are instantaneous. This is true. Comparison sites offer you immediate quotes and send them to your email account so you can review them at your leisure.
There’s no agent involved with comparing auto insurance online. This is true. However, reputable sites give you the option of contacting a licensed insurance agent in your area to discuss your insurance needs.
Comparison sites always offer the cheapest rates. Though many comparison sites offer great deals, it’s not a hard fact that they always offer the cheapest rates. Insurance carriers may have occasional specials that are lower, though most of these extremely low rates only apply for a period of six or twelve months, after which they increase substantially.