How Many Auto Insurance Quotes Should I Get?

It is a good idea to get a few different quotes from the same company. For example, one with full coverage, the other with liability only and one more with higher deductibles to see if it is worth dropping collision and comprehensive coverage or increasing deductibles. However, would the insurer or the agent be alright with probing the issue exhaustively?

These are typical concerns people would have if they were talking to a broker. Your broker/agent may show signs of agitation if you ask too many questions, request a few car insurance quotes with different levels of coverage or do things out of ordinary. A broker may think that you are wasting his/her time. However, it is your own time on the Internet and there is nobody to tell you what you should and shouldn’t do.

Is There a Problem with Getting a few Car Insurance Quotes?

The real question is that is there any issue with having a few automobile insurance quotes? For example, do car insurance companies check credit score each time someone asks for a quote and how would that affect applicant’s credit score?

Does getting a car insurance quote affect your credit? The short answer is no. They are considered to be soft pull and does not affect credit score. They are different than a bank carrying out a credit check, which may result in you losing few points. By the way, not every company may actually check your credit score at the time of quoting. They may check right before placing you on cover, just to make sure that what you stated on your application about credit score is correct.

So, the answer is; there is no problem with getting several different vehicle insurance quotes from the same company or getting a few from other companies. It is your time and you can use it to find lower premiums. Actually it is good to check auto insurance quotes for different level of coverage and from different companies. It is a good idea to see what is what and make your mind accordingly.

What Is the Optimum Number of Auto Insurance Quotes?

Usually people get at least five quotes at each renewal. If you can save a little money it is worth spending time. The process of getting quotes is so fast online that you will gather them in no time and certainly under an hour. Besides people can spend hours online doing totally useless things. Sometimes, prices can be all over the place that you may need more than five quotations.

You should only stop getting more quotes when each new quote is falling around the similar figures. At that point, it may be best to look at your options and see if you could choose an insurer.

It is good to know that there is no harm in checking auto insurance rates of several carriers. This allows you to play around with cover, deductibles and see which will yield the best combination of coverage, protection and price. You can find out here how long does it take to get auto insurance? Learning about various companies and what they can offer can open up your eyes to better coverage options. If it doesn’t take long to get the quotes and you can only save money by comparing companies you can only win.

Share on Pinterest
There are no images.