Why you should compare insurance quotes online
Insurance Prices Vary Wildy!
According to the Insurance Information Institute:
"Prices vary from company to company, so it pays to shop around. Get at least
three price quotes. You can call companies directly or access information on the
Internet...Get quotes from different types of insurance companies."
There's no one insurance company that offers the best price. Each company
determines a price based on a variety of factors including:
- your credit rating
- your age
- for auto insurance, the type of car you drive, and how often you
- for life insurance, any risky lifestyle habits you might have
- for home insurance, the size, value, and location of your home
- for health insurance, factors that drive your anticipated lifespan
- ...and, hundreds more factors that they calculate
Each company calculates differently, and therefore, prices can vary wildy.
Home insurance can be twice as high from one company than another....similar
for auto insurance, health, and life.
Insurance Prices are rising
The Bureau of Labor Statistics's consumer price index (CPI), tracks
fluctuations in prices paid by consumers for a different goods and services. This CPI
index shows that the cost of auto insurance increased 2.5 percent in 2008, after
increasing by less than 1 percent in 2006 and 2007. And, more recently, the
CPI shows auto insurance prices in October of 2009 as 4.5%
higher than October of 2008.
That means that staying with the same company, year after year, is likey
costing you a bundle. Your insurance company raises rates, and unless you
are comparing insurance prices, you are feeling the full effect of the rate
Online quotes are quick and easy
You can avoid driving around to see different insurance agents, and
get your quotes from the comfort of your own home, from insurance providers
that you know and trust.
Getting quotes online is simple, quick, and easy. It's as simple as
entering your zip code, picking the type of insurance, and getting back
a list of top companies to start the process.
Compare Insurance Quotes at least once a year
With all forms of insurance, there are dozens of factors that can increase
or even drastically reduce the cost of insurance. Being informed about
current insurance rates puts you in control. Most people would be saving
hundreds of dollars on their insurance policies if they only took a
few minutes each year to compare insurance quotes.