Purchasing Insurance

The #1 rule in shopping for the best insurance quotes is to shop around, but, of course, we have already done that for you. Now that you have that step taken care of, you’ll want to follow some guidelines to guarantee you’re getting the right coverage for you.

What Determines Your Quote

Your quote will be based on factors like age, sex, location, health, etc. You might want to experiment with different variables to see which ones give you the best insurance quotes. Figure out what the differences are in coverage and how each variable impacts the total price of the policy.

What to Do Once You Have Your Quotes

Though it might be tempting, don’t go with a quote just because it is the cheapest. Take time to really review your quotes to compare policies on coverages, terms, and price. Bear in mind that a low premium does not always mean the best total deal. What your insurance policy will cover is just as important as price. Here are six things to do to maximize your insurance shopping experience:

1. Protect your information when browsing. If you are browsing various sites for the best insurance quotes, take care not to reveal sensitive information (name, address, social security #) until you are ready to make a purchase. By withholding your personal information until it is absolutely necessary, you can avoid unneeded inquiries on your credit report, cold calls from agents, and the risk of identity theft.
2. Get insurance from a company that is sound financially. It goes without saying that you expect your insurance company to actually be able to pay your claim, should you ever file one. For financial ratings of companies, you might consult Standard & Poor’s or A.M. Best. These companies report on the financial status of insurance companies.
3. Don’t forget to consider price & convenience. It’s standard practice in the insurance industry for companies to give better deals on premiums to customers who have multiple policies with them. So, for example, if you are looking for auto and renter’s insurance, you might get the best deal by buying both policies from the same company.
4. Pay attention to the company’s claims payment record. If you ever file a claim, you obviously will want the money as soon as possible with minimal resistance from your insurance carrier. Look into potential insurance carriers’ track records on claim payments. State governments can usually provide this information.
5. Get quotes from a minimum of four insurance companies. By using our site, you don’t have to worry about this, but a four-carrier minimum is a good rule of thumb when shopping for the best insurance quotes.
6. Don’t be afraid to ask for discounts. One recent figure estimates that Americans overspend by about $300 billion per year on insurance simply because they do not ask for discounts! Insurance companies reward behaviors/characteristics that lower risk, so you could qualify for a lower premium.

Contact us if you are still worried about purchasing insurance.