Premium Comparison Tool Calculator
Frequently Asked Questions
How much can I save by shopping around for insurance?
Shopping around can save $200-$500+ per year on insurance. Rates vary by 20-40% between providers for identical coverage. Getting quotes from 3-5 insurers helps you find the best rate. Even small differences (10-15%) add up to hundreds of dollars over several years.
Should I always choose the cheapest insurance?
Not necessarily. Consider: customer service quality, claims handling reputation, financial stability (AM Best ratings), coverage details (some policies have better terms), discount availability, and ease of doing business. Sometimes paying 5-10% more is worth it for better service, but 20%+ differences typically indicate overpaying.
How often should I compare insurance quotes?
Compare quotes annually when your policy renews, or whenever you have a major life change (move, new vehicle, change in driving record, etc.). Rates change over time, and your risk profile may improve (cleaner record, better credit), allowing for better rates. Most people save money by shopping around every 2-3 years.
What should I compare when getting insurance quotes?
Compare: premium amounts (same coverage level), coverage limits and deductibles, discounts available (multi-policy, safe driver, etc.), customer service ratings, claims handling reputation, financial stability ratings (AM Best), policy terms and exclusions, and cancellation policies. Ensure quotes are for identical coverage levels.
