Are all auto insurance quotes created equal? Not quite! Before you go with the insurance company with the cheapest policy or the cutest TV commercials, make sure you're getting the best rate you can by comparing similar quotes. Keep reading to find out what to consider when comparing quotes and how to go about evaluating which one is best for you. Direct Auto & Life Insurance is here to help you keep things plain and simple!
Compare Coverage Limits
Many quotes will begin by showing you a price for the minimum amount of auto insurance coverage that's required by your state. This often includes Bodily Injury Liability and Property Damage Liability, though some states also require you to keep Personal Injury Protection (PIP) coverage.
With bodily injury, you can select what are called "limits." Limits are represented by two numbers, like $25,000/$50,000. In this example, the first amount ($25,000) would pay for injury to or death of any one person in a single accident—one person, one accident. The second number ($50,000) covers the injury or death of more than one person in a single accident.
Property damage liability limits are represented by a single number and could range from $15,000 to $100,000 depending on your state. So what does this all mean? It’s not necessary to break the bank if you can’t afford the most coverage. Car insurance is affordable for any budget, you just have to know which one you can get the more bang for your buck!
When looking at two quotes, make sure you've selected the same liability limits for your essential coverages. A quote with higher limits can be more than a quote with lower limits.
Check the Policy Term
In addition to having varying coverage limits, a quote could also show varying policy terms. Make sure you're not comparing a quote for a 6-month policy term with a 12-month policy term. A quote for a 12-month policy will have a greater one-time payment, but a potentially lower monthly payment. The amount of the down payment may differ between the two as well.
Match Coverage to Coverage
This point is a pretty simple one. You want to compare the same two things as best you can, right? So, pull up your auto insurance quotes side-by-side. You can print them out or pull them up on your computer screen. Each coverage and coverage amount should be listed on your quote. Does one quote have more coverages listed than the other? If so, you're not comparing "apples to apples," as the saying goes.
Double Check Deductibles
Some coverages, like comprehensive and collision, have a deductible that you can choose to be either higher or lower. Typical deductibles range from $100 to $1,500. This is the amount of money you would pay out-of-pocket, up front for the damage to your car. The purpose of deductibles is to make the overall cost of damage affordable.
Generally, the higher the deductible you select, the lower your premium for comprehensive and collision will be. Make sure that you select the same deductibles in each quote.
Consider Other Products & Services
Just as no two drivers are the same, no two auto insurance companies are the same! Some offer 24/7 roadside assistance, flexible payment options, SR22/FR44s, life insurance, and a whole host of other great, peace-of-mind granting products and services. Others don't! (You’re in luck…Direct Auto & Life offers all of these things!)
Additional products and services will likely be listed on your quote. Does one include the cost of roadside assistance, while the other doesn't? Like you've done before, ensure that you're comparing "apples to apples." In the end, you may find that more products and services could actually lead to more discounts. Which brings us to our next point...
Size Up Discounts
Direct Auto's discounts could save you up to 25% on your car insurance.* The other auto insurance company? They may not be able to say the same. Size up the discounts you're receiving on each quote and double check that you're getting every discount that you can. The more discounts you have, the more you could save. It just makes sense!
Get a Quote from Direct Auto & Life
Now that you know, it's time to save! Get an auto insurance quote from Direct Auto & Life Insurance online at any time, night or day, to see how much you could be saving on your car insurance policy. Call us at 1-877-463-4732 or visit one of our agents today to help make sure you're getting the best auto insurance policy for your needs.
Did you know?! Not sure what to expect during an online quote? Read Getting an Auto Insurance Quote Online to take the mystery out of it all!
*Insurance is underwritten or administered by members of the Direct General Group, Nashville, TN and is only offered in states where we are licensed to do business. You can find this information on our website: directgeneral.com. Discounts may only apply to certain coverages and are subject to terms and conditions and may not be available in all states or distribution channels. Price may vary depending on how you buy.