The good news is that automobile insurance is one of the easiest types of policies you can buy. Most companies can place you on cover almost instantly as soon as you complete the proposal form. They don’t need to see you in person or get a doctor examine you. People can compare quotes, purchase and print or download documents under an hour today.
How Long Does It Take to Buy Auto Insurance?
You may be asking this question because you need a policy for the first time or you are considering switching carriers. In either case, you should know that you can insure a car online as fast as you can process the information available to you. People like me may need to read everything over and over before they can decide but your brain may work like a computer processor and it may take you minutes to make a choice.
From start to finish, car insurance shopping should take no more than an hour, and can be as fast as 10 minutes. However, you should spare at least couple of hours to cover the points below and look at options properly.
1. Get the Right Coverage
Do you need to drive right away? You can rush it and buy a policy in a few minutes either by phone or on the Internet. Or you could spend an hour or two and make sure that you get the best coverage at lowest price. The difference would be only minutes. However, not having sufficient protection could be hugely detrimental to financial health. First thing you should do is to answer the question of how much protection do I need? Then, it is easier to know if you will have enough.
2. Don’t Do a Rush Job
If you don’t give yourself enough time you cannot run through all options and come up with the best solution.
Many people accept high vehicle insurance quotes because they may have small blemishes with their driving record, credit score, zip code or listed drivers and think that is why they have to pay high premiums. However, 9/10 it is because they haven’t dedicated enough time to find the best insurer for their circumstances. So, make sure you spare enough.
3. Find Out as much as You Can
Do you know everything you need to know? Most people are shy to ask questions. You may be doing it online but that doesn’t stop you from asking questions. Most of them offer instant chat on their websites for the express purpose of answering questions. Alternatively, you can call them. You probably have unlimited calls with cell phone contract. Why not use it.
4. Consider Other Outlets
There are no compatibility issues between the Internet, phone and a shop on the high street. So, you can complete the transaction on a laptop if you are fully satisfied with the search. Alternatively you can call a broker or a carrier direct to complete it. The amount of time you want to spend is totally up to you. However, you can only take as much as you like if you have enough till renewal. Therefore, you should start early.
Yes you can get a quick quote in 5 minutes and get auto insurance online. However there is no need to rush. It is always best to go through all alternatives to make sure you aren’t going to end up with something that is just not good enough and far too expensive?
One thing is for sure that is you wouldn’t be the first person to do it. According to this study about 30% of policyholders in the US bought their policy after only 1 quote. And 40% of them never check prices with alternative sources. So, you could shoot yourself in the foot by not shopping around at renewals.
However, you should know that policyholders can save $850 on average, according to the same study. Did you know average cost of car insurance in the US is $841. In other words, large numbers of them are currently paying more than the double of what they should pay. If you think you are one of them you can correct it by checking rates with several companies.
The Best Way to Shop for Quotations
You may have already checked for a policy on the Internet or know that you can. If so, you wouldn’t probably dispute when we say the best way to shop is through comparison websites. You don’t need to go looking for list of auto insurance companies in your state so that you can check one by one anymore. They bring large numbers of providers in one place and let you pick the ones you want. Even better, some sites, like this one, facilitates you to have direct quotations from carriers you choose.
You may be pleased to know that it is a pretty fast process since you arrived to this page wanting to know the required time to get covered. Providing you have your requirements, driving licenses and registration document handy, it takes about 5 minutes to get a quote online. Say you want 5. Then you spend 25 minutes or say half an hour for them. That will leave you another half an hour until the hour is up to make a choice and initiate the cover. Even you take it slowly, you can complete it under an hour if you are in a hurry. So, you don’t need to panic.
Today, large numbers of people are well connected on their mobile devices and they can get their policy sorted while they are waiting for their new car is being prepared.
There is no problem with going down to an agent or broker on the high street, except you need to add the time it takes to arrive there and wait to be served in the line. Once it is your turn, they should be able to sort it out, take the payment and issue the proof in less than one hour again.
There are at least one hundred names to choose from in any state. They may all appear to be similar and selling the same thing. However, each company is different from another in many ways, especially in price. If you are asking am I paying too high premium you can find out quickly by checking a few carriers. You need to find the best deal. You can leave all the arrangements to a broker but it is up to you to know what is included and it is you who will pay for it.