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The Insurance Information Institute suggests comparing at least three quotes from different auto insurance providers. Each quote you get should be based on the same set of coverages, limits and deductibles, so you can compare them side by side.
When you begin to contact different insurance agencies, you will likely need some personal and vehicle information to obtain a quote. Items will include information like your home address, social security number, vehicle identification number, and your car’s mileage.
Here are a few helpful tips to keep in mind when comparing car insurance quotes:
1. SELECT APPROPRIATE LIABILITY LIMITS WHEN YOU COMPARE CAR INSURANCE RATES
In the event of an accident, auto liability coverage may help pay for someone else's car repairs or medical bills if you cause an accident. Bodily injury liability coverage helps cover expenses related to another person's injury and property damage liability coverage helps pay for damage you may cause to another person's property. Most states set minimum requirement for coverage limits, but you may also have the option to increase your auto liability limits, which may be a good idea.
In the event of an accident, auto liability coverage may help pay for someone else's car repairs or medical bills if you cause an accident. Bodily injury liability coverage helps cover expenses related to another person's injury and property damage liability coverage helps pay for damage you may cause to another person's property. Most states set minimum requirement for coverage limits, but you may also have the option to increase your auto liability limits, which may be a good idea.
2. SET THE SAME DEDUCTIBLES FOR THE RATES YOU COMPARE
A deductible is the amount you will pay out of pocket toward a covered claim. Increasing your deductible may lower your car insurance premiums. However, a higher deductible means you will end up paying more out of pocket before your insurance coverage kicks in after a covered loss. When you are comparing car insurance rates, the deductibles you choose should be the same for each quote so you can make an accurate comparison.
3. COMPARE CAR INSURANCE RATES WITH THE SAME COVERAGES
Every state will require you to have liability coverage, but other requirements often vary from state to state. Some coverages may even be optional. Take the time to familiarize yourself with your state’s requirements. Once you start asking for car insurance quotes, make sure you have selected the same combination of required and optional coverages for each quote to help you accurately compare car insurance rates.
If you need help understanding your car insurance quote, talk to a local agent. They can help you customize an auto insurance policy and choose coverages that suit your needs.