60 Seconds Is All You Need To Save On Auto Insurance
We take into account a variety of factors to pair you with your match. We've worked relentlessly to research all the top insurance providers and devise a matchmaking system that finds the company (or companies) most likely to give you the best rate based on your selections. Unlike other quoting tools, that collect your data and spam you with calls, emails and mail, we don't need any form of personal information, such as Name, Phone, Email, or Address, to pair you with your match.
How Much Can You Save?
Just how much money do Americans spend on car insurance? It depends on how much coverage you purchase. According to our in-depth study of insurers and policyholders, the average cost of minimum coverage auto insurance in the U.S. is $641 a year, while the average cost of full coverage auto insurance is $1,255. Costs vary from state to state. Because of this variation in price, you can save a ton of money by shopping around for better policies. Car owners who don’t have brand loyalty and who receive auto insurance quotes from other companies are able to save as much as $500, and will often see savings of at least 20%. While certain auto insurance policies will offer discounts for loyalty, savvy shoppers know that the best plan of action is to constantly be shopping for the best auto insurance quote. Auto insurers are all competing with each other for your business, so it’s to your advantage to compare as many policies as possible. It is surprisingly easy to cancel existing policies if you find one that is better suited to your auto insurance needs. The key is to explore all options available to you by comparing multiple auto car quotes.
Why Do You Need Car Insurance?
There are many reasons to purchase car insurance, not the least of which being that it’s legally required for all car owners! It also makes a lot of sense financially, as do most forms of insurance. You should never leave large assets uninsured, especially something that is constantly in use, like a car. That’s why getting the best car insurance quote possible is so important!
It’s the Law
Each state determines and enforces its own rules about car insurance, but 49 out of 50 states require drivers to carry at least liability coverage. New Hampshire is the only state that doesn’t require liability car insurance, but only as long as the driver can prove another form of financial responsibility.
To Protect Against Liability
While different car insurance policies feature varying degrees of coverage, from comprehensive to collision, there’s a reason states require drivers to have at least liability coverage. Liability car insurance helps pay for damages or injuries that result from an accident you cause, i.e. are “liable” for. This is to help prevent innocent third parties from being unfairly burdened by the actions of another driver.
Factors That Affect Auto Insurance Rates
A common question about car insurance is what key factors contribute to your auto insurance rates? As with all insurance, many factors have an impact on your auto insurance rates. One of the primary factors is the level of coverage you choose, but several other important factors will be looked at by the insurance company when determining your rates. Some of the most important things they will look at include the following:
The coverage, limits, and deductible
This is probably the single most important factor that will affect your car insurance premiums. In most states, there are minimums that you must have in place. From there, you can choose to increase your coverage or deductibles. Higher limits generally add to the premium, and higher deductibles will lower the premium.
The type of car you own
The type of car you own will impact the premiums you pay for your auto insurance. If you have an expensive large truck or SUV, you will typically be paying more than someone who has a small compact car. If you have safety features in your car like cameras, lane warning features, and other technology, you may qualify for a discount.
How much you drive
How many miles you put on your car a year is one factor the insurance company will look at when determining your rates. If you have a long commute to work, your premiums may be higher than those who work from home or only use their car for short trips. They do this simply because the more miles you drive the car, the more likely you are to have an accident.
Where you live
Where you live may affect your car insurance premiums. If you live in a big city, the chances of an accident, theft, or vandalism are higher than if you live in a more rural area, which translates into higher premiums for those who live in urban areas or big cities.
Younger, less experienced drivers will typically have higher auto insurance premiums since they have less experience behind the wheel and are more likely to get into an accident.
When your kids get their driver's license, and you add them to your car insurance policy, it can substantially increase your rates. As noted in the bullet above, younger, less experienced drivers are more prone to accidents. Some auto insurance companies do offer discounts for good grades and if your kids have not been in any accidents or received any tickets for a certain amount of time so ask your insurance agent if they have these discount programs for kids.
For those who have been in multiple accidents, the cost of your auto insurance is likely going to be higher than for someone who has few if any accidents or tickets on their record.
Our free quote tool takes many of these factors into consideration when getting you the best rate on your car insurance.
Common Auto Insurance Questions
How Does Car Insurance Work?
If you’ve ever wondered “how does car insurance work?”, you’re not alone! Luckily, it’s pretty easy to understand. Like any other form of insurance, you’re essentially paying for financial protection just in case you get in an accident, experience car theft, or another form of damage or loss related to your vehicle. As long as you continue paying your monthly premium, you’re covered by the policy details. A great way to find the best car insurance for your needs is by using our free quote tool. Simply toggle the filters that pertain to your preferences, and you’ll be provided with a long list of reputable car insurance providers.
Why Is Car Insurance So Expensive?
When first applying for policies, many drivers wonder to themselves, “why is car insurance so expensive?” While insurance coverage always seems to cost more than people would like to hope, there are some concrete factors that could be raising the price of your policies. For example, younger drivers typically have more expensive premiums because they’re seen as a higher risk. The same is true for people with a long history of accidents. Insurance providers will charge more to drivers they believe will end up requiring more payments in the long-run. One of the best ways to find more affordable insurance policies is to use our free quote tool.
One-Day Car Insurance
Is there a such thing as one-day car insurance? Believe it or not, there actually is! This special form of auto insurance is designed for people who only need coverage for an incredibly short period of time - 24 hours or less. As convenient as this option might sound, you’ll be paying a premium for one-day car insurance. That’s why we recommend you get a full month policy using our free quote tool and just cancel when you don’t need it anymore. It might take a couple of weeks to get your refund for your unused coverage, but it’s worth it to be covered by a solid provider.
Short-Term Car Insurance
Is there such a thing as short-term car insurance? Yes, there is! Short-term car insurance - as the name suggests - is specially designed for drivers who only need coverage for a short period of time, usually less than a month. While this might seem like a convenient option, you run the risk of overpaying or ending up with an unreliable provider when you settle for short-term car insurance. Instead, we advise drivers to simply get a full month policy by using our free quote tool and canceling when the coverage is no longer needed. You’ll have extra peace of mind working with a reputable provider and will even get a refund for the days you don’t use the coverage.
Third-Party Car Insurance
Is it acceptable to use a third-party car insurance provider? No, it’s not ideal to venture outside the realm of premium and well-established auto insurance companies. Although the low prices of third-party car insurance policies are enticing, they’re the classic case of “too good to be true.” You might be able to save some money on your monthly payments, but you’re risking significantly more money by having poor coverage. If an accident were to occur, you might end up paying more money out of pocket than you had expected due to bad policies and shady providers. Instead, we highly recommend using our free quote tool to see how the prices of reputable insurance providers stack up against each other.
What’s The Safest Auto Insurance?
How can you find a safe auto insurance provider? Fortunately, all major insurance companies are safe bets to use for your auto insurance needs. These providers have proven themselves to be reliable, trustworthy, and dependable throughout their years of operation. The real trick is finding car insurance that meets your unique requirements. After all, a one-size-fits-all approach to insurance is never the way to go. Fortunately, our comprehensive and convenient quote tool can help you find the safest auto insurance tailored to your specific needs. Simply select the filters that align with your preferences, and you’ll be met with dozens of dependable results.
Facts & Questions
Three important benefits of car insurance are:
- Coverage for lawsuit
- Coverage for vehicle bills repair
- Coverage for damage caused by theft or fire.
There are six types of coverage you can get from car insurance companies:
- Liability coverage (mandatory in-state)
- Underinsured and uninsured motorist coverage (optional/mandatory state-wise)
- Comprehensive coverage (optional in-state)
- Collision coverage (optional in-state)
- Medical payments coverage (optional/mandatory state-wise)
- Personal injury protection (optional/mandatory state-wise)
Liability coverage is comprised of body injury liability and property damage liability.
"Body injury liability" would help you pay for the cost to help an injured person if you were involved in the accident.
Where "property damage liability" will help you pay for the damages of someone's property you have caused while driving.
This insurance can be mandatory or optional state-wise.
"Underinsured" means if someone hit you and the driver involved in the accident is underinsured. The driver will follow an underinsured liability. And coverage limitation will not help you with medical bills/vehicle repairs, which are then covered by underinsured motorist coverage.
Uninsured means insurance will cover your medical bills/vehicle repair if you are hit by a vehicle driver that wasn't insured.
This coverage provides you money to recover from car damages caused by theft, fire, hail, vandalism. This type of coverage has deductible means you have to pay a certain about from your pocket before your insurer pays you the rest of the money for repair. For example, if the total repair cost is $4000, the insurance policy has a $600 deductible, then you will pay the $600 deductible, and the policy will cover the rest, i.e., $3400.
This coverage will cover the repair cost (actual cash value-deductible) if you hit another vehicle, fence, or object.
This coverage covers the medical bill of you, your family injured in the insured vehicle accident.
This coverage provides you money in case of personal injury and additionally for the loss of income/ childcare, which you may face due to your medical condition after the accident.
The major drawback is that you have to pay for your vehicle's repair, and it can be expensive if your vehicle bears good market value.
GEICO is the best and cheapest car insurance company holding a 4.5 NerdWallet rating with a $628 avg annual premium.
Yes, for teenagers around age 20 to onward, insurance rates and premiums show a significant decrease.
Yes, older cars are less expensive to insure as these bear less market value.