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Finding Your Best Value With Online Auto Insurance

Jan 5, 2008
Many people may not like the idea of using online auto insurance, but this begs the question of why. Let's face it, the only time you need to take advantage of your car insurance policy is when you have a claim to make or an accident. Other than that, it probably does not make any difference to you whether your car insurance agent lives next door or lives on Mars, as long as you can get your claim processed.

Some people are also afraid of being taken in by a scam. While that is a valid concern, it is really no more valid than having that same concern about buying something at a department store or at the mall. Insurance is a regulated industry and there are laws in place to protect you, as long as you know what you are buying and understand the coverage that it entitles you to.

You need to understand the online company that you are purchasing car insurance from. Are they reputable? What kind of backing do they have? What are their assets? If you need to make a claim, do they contract with somebody locally or do they have to fly someone in from Timbuktu who is only available every other Tuesday mornings?

These are valid questions and valid concerns, but then again, they are equally valid concerns if you are purchasing auto insurance from a local insurance broker or even from one of the brand name car insurance companies. You need to make sure that you are comparing apples to apples when comparing companies and quotes, whether offline or online.

As strange as it may seem, many people do not realize that they are not making a valid comparison when they are looking at two difference car insurance quotes. If the policies are not identical in what they cover, especially considering ceiling maximum amounts and deductibles, then it makes no sense to even compare them because they are not the same thing.

In other words, if one policy is quoting a ceiling payout on a hospitalization claim of $25,000 and another one is quoting the same ceiling at $500,000 do you see where the rates would be different and not a valid comparison? If your collision deductible on one policy is $200 and is $1000 on another, does it really make any sense to compare the bottom line rate between the two policies? No it does not, because you are not comparing the same things.

Do not assume that you are going to get the best rates possible on car insurance by using an online auto insurance quote. If you have been a good customer of your current carrier for a long time, there is a possibility that they will provide a very aggressive quote so that they can keep you as a customer, which may be better than your online quote.

The bottom line advice is to shop around and make sure you are comparing apples to apples in all areas of the car insurance quote. Online auto insurance quotes can be very aggressive but there is no guarantee that they will always represent your best value until you take the time to get one and compare it.
About the Author
Be sure to comparison shop and compare your best car insurance deals. For more insights and additional information about Online Auto Insurance as well as getting a free online car insurance quote, visit our web site at http://www.tips-for-car-insurance.com
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