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The Reality of Comparing Auto Insurance

April 12, 2012 | Comments: 0 | Views: 104

Most insurance companies are monitored by a government agency that makes sure compliance and government regulations are followed and it helps when you have to compare auto insurance. Provided the insurance companies on your list have updated licenses to operate, then you are assured 99% during the term any valid claims you make will be honored.

Since these companies are regulated, you have to know right now that no one really undercuts another in the business. The rates are almost identical and the differences may lie in how the company perceives you as a client.

For instance, if you are the owner of a business that is booming right now, you will get very attractive rates because the insurance companies see the value in getting and retaining you as a corporate client. On the other hand, if you are perceived to be a risky investment, they will not offer you cheap rates. A risky investment would refer to someone who frequently gets into accidents, received traffic citations, lives in an area that is known to be unsafe, or someone without regular income.

One way around this situation would be to get online insurance quotes because you are anonymous and you don't have to give specific personal details to ask for a free quote. In short, instead of the insurance companies filtering you, you reserve the roles and screen them. However, before you get to this point, you have to choose the reputable firms. Here's how you compare auto insurance by picking quality insurance companies first:

• Look them up in a accredited insurance company organization • Find out if they have been cited by consumers for failing to process claims and why • Are they listed or known by respectable business leaders • What is their financial status?

These are all information you should be able to access easily on the internet. Once you screened out the dubious online insurance companies, you can start comparing their quotes.

Compare auto insurance by creating your own list. Put the following headings:

• Name of company • Main Address • Contact person and contact details • Comprehensive insurance rate and features • TPL with optional features • TPL • Feedback from others • Your feedback when you talked to them: were they pleasant, accommodating, professional, rude • Payment schemes • Monthly premiums • Deductibles • Timeframe for claim processing

As you can see, comparing means more than just looking at the bottom figure. You also have to consider the convenience or inconvenience of each company. For example, you may choose the cheapest rate but if the payment options are miles away from your home or office, you'll be spending on the cost of going there to pay every month. Small details like these will affect your overall cost and experience so compare auto insurance with these in mind.

Jenna has been an insurance specialist for the past 4 years. She has worked with several top insurance carriers, saving individuals shopping to compare auto insurance. Jenna is standing by waiting to assist you with getting affordable car insurance & saving you hundreds. Get started today!

Source: EzineArticles
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