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Car insurance quotes provide an estimate of how much you’d pay for an auto policy.
Auto insurance quotes are personal to you and are based on multiple factors such as your car make and model, your age, location and driving history.
You can get an online car insurance quote for free using a comparison tool, an independent agent or by visiting an insurer’s website.
One of the best ways to find cheap car insurance quotes online is to shop around and compare quotes. You can use NerdWallet’s online car insurance comparison tool to find quotes from multiple companies in minutes.
If you have any questions about car insurance, it’s best to get the answers before you start shopping. Here’s everything you need to know, from car insurance premiums to how to get the lowest rates.
🤓Nerdy Tip
NerdWallet does not carry car insurance. Rather, it provides a tool to compare multiple carriers at the same time. These include some of the country’s largest insurers, such as Progressive, Geico, State Farm, and Allstate, as well as smaller regional insurers.
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What is an auto insurance quote for
auto insurance?
An auto insurance quote is an estimate of what you will pay for your policy. Each insurer uses a unique formula to calculate the cost of auto insurance, so no two quotes will be the same, even if you provide the same information to Geico, Progressive, or another company. The more car insurance offers you have, the better your chances of finding the cheapest insurance company.
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What is included in my car insurance premium?
There are several factors that affect car insurance premiums, and they vary from company to company. For example, one insurer may increase rates by 10% if you live in a high-crime area, while another may charge only 5% more.
Both companies look at the crime rate in their area, but calculate insurance risk differently.
Factors that affect car insurance rates include: This is because insurers use statistics about certain demographics to predict how likely a person will be in an accident. For example, teenage drivers tend to have higher insurance premiums because they are more likely to be involved in a car accident than other age groups.
The coverage you choose can affect the cost of auto insurance.
Naturally, the more coverage you need, the higher the price. In fact, studies by NerdWallet show that, on average, full coverage car insurance costs more than twice as much as minimum coverage.
: Your driving history, including accident history, speeding tickets, and drunk driving, increases your car insurance premium. But even if you don’t have a driver’s license yet. You will need a long driving record with no recent traffic violations to get the lowest rates.
Detailed information about your vehicle, including the make and model of the vehicle and whether it has features such as GPS or safety equipment, affects the cost of auto insurance. why? Expensive cars, cars with expensive features will require more money to repair after an accident. Also, since they are more likely to be stolen, the insurance company is liable.
Location plays an important role in the cost of coverage.
The amount of insurance coverage required to legally drive a motor vehicle varies from state to state. Therefore, average rates for similar policies vary greatly. Other details about your location also affect the cost of insurance. Population density, crime and accident rates in an area are all factors that insurers consider. Your credit score, which is similar but not identical to yours, can affect the cost of auto insurance.
According to the Insurance Information Institute, drivers with low insurance scores are more likely to file insurance claims, which can cost insurance companies dearly. Insurance companies may also assume that there is a correlation between how well a person manages their finances and how well they drive and maintain their cars. But if you live in California, Hawaii, Massachusetts or Michigan, you’re in luck. Insurers are not legally allowed to consider your credit score when calculating the cost of car insurance.
Your auto insurance history plays an important role in determining the value of your auto insurance policy, including:
Your car insurance has expired.
Drivers with maturity insurance can be considered high-risk even if they don’t own a car. Non-ownership auto insurance can help customers avoid coverage gaps.
Insurance claims. Typically, recent negligence-based accidents increase auto insurance premiums by 50% or more over the entire coverage policy. Look for a policy with accident forgiveness to help prevent spikes.
