Myths Versus Truths of Comparing Insurance Quotes

Ward Off The MythsLet’s face it: Comparing insurance quotes isn’t something many of us do every day. So when it’s time to buy car insurance for your new car or because you need to make changes to your coverage and want to see if there’s a better deal out there than your current auto insurance company offers, it’s good to know what’s true and what’s not about comparing insurance quotes. Read on to find out the truth behind the following statements:

All major insurance companies offer more or less the same rates and coverage, so comparing insurance is a waste of time. This is a myth. Though the major insurance companies offer the same types of coverage and terms and conditions, special offers and discounts vary, so it’s always a good idea to shop around before you buy car insurance.

You get the best deals through the insurance company itself. This is a myth. A lot of insurance companies offer low rates online, but often, they offer even lower rates through online comparison sites like AgentInsure.

If I buy insurance online, I can’t ask any questions about my policy.This is a myth, as all insurance quotes contain the phone number of an insurance agent who is trained to answer your questions.

An insurance quote is not binding. This is true. Quotes are an estimate of the rates you’d pay for a policy that meets your requirements and aren’t legally binding.

My credit score affects my car insurance rates. This is true; in all but three states, insurers consider your credit score when determining rates.

Myths vs. Truths of Comparing Auto Insurance Online

Compare Insurance OnlineComparing 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.