Frequently Asked Questions About Car Insurance Quotes Online ...

Article by Chris Robertson

Comparing car insurance quotes online can help you get the cheapest rates for your car. Auto insurance is a necessity if you want to drive a car in just about any state. Understanding the quote process will help you make the best decisions about your automobile insurance. The answers to these frequently asked questions about getting auto insurance quotes online can help you understand how insurance companies determine how much to charge you for your car insurance policy, which could help you get cheaper rates. Here are some of the questions most commonly asked.

Why Should I Compare Auto Insurance Quotes? Don?t All Companies Charge the Same Rates?

The short answer is no. In fact, auto insurance premiums can vary by hundreds of dollars a year from one company to the next, and even within a company. Auto insurance operates on risk-based pricing-the higher your likelihood of filing a claim against your insurance, the higher your insurance premium will be. When you fill out a request for car insurance quotes online, you?ll be asked questions that help the company determine what they risk by insuring you. Your answers to the questions will help them decide how much to charge you for your auto coverage.

That sounds like all companies should quote you the same price, or close to it, but that?s not the case. The law allows the insurance companies to set their prices according to their own records and data rather than basing them on standardized data. That means that insurance company A may have an entirely different experience with claims from drivers who own small sports cars than insurance company B. Because company A find that they pay out claims more frequently for accidents involving small sports cars than company B, insurance company A will charge higher premiums to insure small sports cars than insurance company B.

Do I Have to Give My Drivers? License Number When I?m Comparing Auto Insurance Quotes Online?

There?s no need to give up your personal information when you?re comparing quotes online, at least in the preliminary stages. Insurance companies can give you a preliminary quote for your policy without any personally identifying information, though they will need the answers to questions such as your age, the number of miles you typically drive, where you live and whether you have a history of car accidents or traffic tickets. But the preliminary quote is not binding because it?s for comparison purposes only. If you decide to apply for a policy, however, the insurance company will require your social security number or driver?s license number in order to offer you a firm quote.

Don?t let your desire for a cheaper quote lead you to fudging the truth in your preliminary request for a car insurance quote online. If you do, your quotes won?t be accurate at all, and instead you could find yourself in for quite a shock at the actual insurance policy offer.

About the Author

Chris Robertson is an author of Majon International, one of the world?s MOST popular internet marketing companies on the web.Learn more about Car Insurance Quotes Online.

Source: http://www.loansurance.info/frequently-asked-questions-about-car-insurance-quotes-online

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