How To Read Car Insurance Quotes


Today more people are finding that self service options are more convenient as well as sometimes faster than waiting for an agent. Car insurance quotes are really no different. In order to understand that various line items, you need to understand various terms. After you have gained the knowledge needed to understand the offers, you will be capable of deciding which coverage is the best decision and which one is trying to get more money for the same coverage.

First, there will be coverage selections such as comprehensive, collision, liability and so on. Most states have a minimum required amount for liability coverage and all underwriters are required to give this type of coverage for the state you are insuring the vehicle for. Comprehensive and collision coverage is usually required by the finance company for financed vehicles.

There will be a deductible amount listed for these coverages. Normally a finance company will require a deductible no higher than five hundred dollars per occurrence. This protects their investment in your vehicle by limiting the expense out of pocket for you and ensuring the repairs will be done.

Optional coverage is also likely to be listed such as roadside assistance, towing and other options. If you elected to have these items, they will be listed as well. It is important to note that states often also require a mandatory fee be charged per vehicle. This should be the same on each quote that you receive. If there is a difference, it is best to contact the underwriter to find out why.

Other differences are often found in the comprehensive and collision coverage areas. Different companies are allowed to charge different rates for these coverages. The same is true for minimum liability coverages. In order to determine which quote is more economical, you will want to first take a look at the bottom line and then look at the various line items to determine where the differences are occurring.

Car insurance quotes can be difficult to read. However if you take the time to learn the various terms that might be used, you will find that you are able to read each one and determine the better rate for your vehicle. In addition to locating a lower price for your vehicle coverage, you will be able to do so in your own home and when it is convenient for you rather than having the ability to contact agents only during business hours.

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