Can shopping online for auto insurance save time and money?

Right from the comfort of home, you can learn about the insurers in your area, learn about different types of coverage including your state’s mandatory requirements, and request multiple quotes from multiple insurers. You can do all of this and more in about an hour. But that’s not all. With multiple quotes in hand, you can more easily compare prices and choose the insurer offering the best rate.

Here are a few tips to help you get the best rates possible.

  1. Honesty is the best policy: Especially when it comes to your auto insurance policy. The quote you’re given will be based on the information you provide on the online application. But remember, this is just a quote. The actual rate you’ll pay to purchase auto insurance won’t be determined until the insurer does a thorough investigation into your driving, claims, payment, and credit history. If you “forgot” to mention a speeding ticket on your application, whether intentional or not, expect to pay a much higher rate than what you were quoted.
  2. Evaluate the insurer: An auto insurer might be in business today, but there’s no guarantee that the insurer will be around later on. While it’s impossible to predict the future, a company’s history and reputation can go a long way towards feeling more confident in a company’s future ability to protect you when you need protection.

    The Internet offers an abundance of information on auto insurance companies so dig in and find out what you can before making your decision to purchase. Check what independent rating companies like A.M. Best and Moody’s have to say about the insurer. Check with the BBB and the state agency that regulates the auto insurance industry, too. Check out the company’s claims payment history. Ask for references and check into them.
  3. 3. Talk to a human: Nowadays it’s possible to purchase auto insurance online without ever talking to an insurance representative or agent. Online quoting and purchasing systems do an exceptional job figuring out coverage and associated premiums. But talking to a human does have benefits. If nothing else, it’s a simple and sure-fire way to guarantee that you’re getting the most coverage you can afford and every discount to which you’re entitled.