How to Stop Paying Extra Money on Your Auto Insurance

It should be common sense that any time you remove the "middle man" from any transaction, everyone but the middle man gets a better deal. The customer gets a less expensive product and the business selling the product gets a higher margin. The same goes for auto insurance agencies. Their entire purpose is to sell you a product for a fee, and in turn, they find the insurance that best meets your needs (usually from the company they represent) and gets you the best rates. You can do the same exact thing an auto insurance agency does but for free. It makes sense and it may sound simple, but very few actually know how to accomplish this.

Before you set off trying to make your own waves in the auto insurance agency industry by doing exhaustive research on many companies and many quotes, you should be aware of how the process works. By understanding what the agent actually does, you can do the exact same thing and save money. Essentially the only thing that an agency does is collect your information such as your age, the type of car that you have, what you want your deductibles to be, what kind of coverage you need, how much you'll be driving, your credit score, and a few other things. They then answer your questions and give you a quote for their policy. If they're a good agent, they'll show you comparable quotes from other companies. However, you have to keep in mind that they make a lot more money if you go with their company instead of someone else. So it is in their best interests to get you to buy from them and their company.

You can do all of this from the comfort of your own home and get quotes from multiple agencies at once. You simply go to a website dedicated to finding quotes, input your information, and the companies will then show you the different combinations of auto policies available and what their quote will be. It will give you up to twelve different company's quotes and the different combinations of coverage you can choose from.
You can take away coverage, raise your deductibles, change your average mileage, and do many other things and see what effect it has on your policies. You can do this on one company or all of the companies at once!

Buyer beware, however, as not all companies are created equal. These rate comparison engines will show you, without a doubt, what the cheapest rate on car insurance you can get. However, they will not show you what the customer satisfaction rating for the company is, what the financial situation of the company is, nor if there is any outstanding claims against the company. You can find all of this information out by visiting your state's insurance policy compliance department.
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