Is It Worth Your Time to Compare Auto Insurance Quotes?

Various insurers, independent bodies and brokerages regularly survey their customers and find the same answers all the time. Nearly half of motorists are in the opinion that it is waste of time to shop around for more affordable auto insurance. Maybe it is time to have a look if it is really the case.

Motorists may find that trying to find better coverage for automobiles is a boring task and nearly ninety percent of them agree with this statement. However, you cannot help but wonder if motorists are finding excuses not to carry out this boring task. Perhaps we should Look at possible savings and the process of comparison and see what conclusions we can arrive.

automobile insurance quotesMany companies in the industry constantly remind us that we can save money. They run large advertisement campaigns to deliver the message. Some of them have become so well known that they are regularly quoted. Almost every driver has heard “15 minutes could save you 15% on car insurance”. Another regularly used phrase is “you could save $500 or more”.  Of course “could” is the keyword here.

However, it is worth looking at the sentiment on both sides. Many motorists believe comparison shopping is waste of time while a few auto insurers say that customers can save large sums. General consensus dictates and recent surveys carried out by confirm that it takes about an hour to complete auto insurance comparison shopping. And potential savings are at about $500.

So, the question is; would it be worth your time considering you may not save any money as well? It is best to look at the process and main concerns consumers have about it. According to above mentioned survey consumers are more likely to go through with comparison shopping if below conditions are met. So, we could look at if those conditions are met when drivers are looking to insure their cars at a lower premium. Here are the three aspects to look at;

Availability of Online Comparisons

Survey participants indicated that they don’t want to go from one shop to another and they are more willing to compare prices online. One thing is in abundant supply online is auto insurance quotes. There are plenty sources of quotations through comparison, brokerage and insurers’ own websites that it is easy to see this criterion is met.

Actually it is becoming more of a norm that you shop around on the internet when you are buying certain items and services. Airline tickets, hotel rooms, holidays and various insurance policies can be counted in that list.

Easiness of Comparison

Consumers said that they don’t want to seek out several different websites and happier if they can find the prices and terms on one or two websites. Availability of many car insurance comparison websites meets this requirement as well. Consumers can find a good site to look at what deals available in their zip code and choose to proceed to getting full quotes from several companies.

The good thing is that the final quotes would normally come from the carriers they choose. This increases the confidence in the prices received and willingness to provide the required details on the forms. Each quote takes about 10 minutes that you can get about 5 quotations under an hour.

Also, determining the level of coverage required beforehand and offering exactly the same particulars in each quote form makes it easier to compare the prices at the end. The key is to make sure you get the same coverage and assurance when you find a cheaper premium. Only then, you could say that you found a better deal.

Possibility of Large Savings

Time is money as they say and nobody would want to go for a wild goose chase. Motorists want to know if they could really save money. There are so many discounts motorists can qualify. And each company offers different level of discounts. Therefore, you should look to find the one insurer who would give you the largest savings.

Furthermore, you may be able to find better coverage even though the price difference may be negligible. Companies constantly update their policy packages to attract more customers by offering comprehensive policies at discounted rates. The chances of finding better coverage, cheaper premium and more reliable insurer are pretty high and you could really save over $500 or 15% and more.


How much anyone could save will depend on many factors like driving history, claims records, age, gender, credit score, zip code, type of automobiles insured and “dare to say” how well a person shops around.  Unless you are earning $500 an hour anyway in your current job, it is worth finding out how low your premium can go down.

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