Is It A Good Idea To Look For Car Insurance?

Typically, when looking for car insurance, you’ll head to car insurance comparison sites to find the best deal on a policy. But the process isn’t always as simple as it seems.

Each car insurance policy contains its own details, and when you’re looking at quotes from several companies, there can be differences in service that aren’t always obvious through pricing alone. That allows.

Car insurance comparison websites are an excellent way to compare car insurance quotes, if you know what to look for. Make sure the details between each quote are actually the same, otherwise you may get a lower price quote, but for inferior coverage. 

How can you compare car insurance quotes with some level of confidence that you’re getting the expected coverage at a lower rate? Keep reading to find out. 

The best way to approach evaluating car insurance quotes is to get quotes from several carriers—four or five at a time—and match specific details between them. That will give you idea what others companies have.

One company may be offering an especially low rate compared to the others. When that happens, your radar should go up immediately. If you get quotes from five companies and four of them are quoting around $100 per month, but one comes in at $65, you have good reason to be suspicious.

The low ball company may be excluding certain types of coverage, or making assumptions about your driving profile that aren’t true. 

 Shopping for car insurance isn’t all about getting the lowest price. If you go with the company that offers the lowest premium, but find out that they have a long history of not paying claims, the money you’ll pay for the policy will be completely wasted.

The best way to investigate a car insurance company is to check them out through objective sources.

You can find overall ratings through A.M. Best, which is widely recognized as the prime rating agency for the insurance industry.

The following grades represent strong insurance companies:

A++, A+ (Superior)

A, A− (Excellent)

B++, B+ (Good)
Now not every companies are going to be ALL A's but be sure that to look. 

Grades below B+ can indicate that the company has financial problems. A company that’s struggling financially will be more likely to not pay claims, or to pay them only partially.

You should also contact he Better Business Bureau in your area to see if any complaints have been filed against the insurance company. Most likely, the complaints will relate to payment of claims, and if you see too many it’s a clear red flag. That makes you more aware what others companies have complains.

Finally, word of mouth can be a reliable indicator. Check around and see if anyone you know is covered by the insurance company, and if they have ever filed a claim.

You can also do a web search, entering the name of the insurance company with the word “scam” (or a similar term) and see what comes up. This is not an entirely reliable method, since people often go on the web to vent, but if you see a consistent pattern of complaints about realistic sounding negative situations, the company may be a bad choice.