Is online cheap auto insurance a good idea?
Be sure you can always reach an online auto insurance company, and research their financial stability and customer service. Compare rates online and save up to $859.
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Chris Abrams
Licensed Insurance Agent
Chris is the founder of Abrams Insurance Solutions and Marcan Insurance, which provide personal financial analysis and planning services for families and small businesses across the U.S. His companies represent nearly 100 of the top-rated insurance companies. Chris has been a licensed insurance agent since 2009 and has active insurance licenses in all 50 U.S. states and D.C. Chris works tireles...
Licensed Insurance Agent
UPDATED: Nov 1, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Nov 1, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
You may have seen the commercials with the clever spokespeople offering great rates on auto insurance online. It may seem like a good idea, but you may be wondering if it really is.
Haven’t we all had a few bad experiences when making purchases solely based on financial considerations?
Is online cheap auto insurance a good idea? The answer is a firm “It depends”.
One quick way to compare multiple rates is by entering your ZIP code into our FREE auto insurance comparison tool!
- Purchasing a policy online is a great idea if you do not want to deal with the hassles of talking to an agent in the office, or if you feel that you may be tempted to over-insure your vehicle simply because you can not say “no”
- If you are careful and do your research before purchasing an auto insurance policy online, you may be able to find a good deal
- Before you purchase any policy, you should have some idea about what types of things you need on that policy
- Make sure the insurance company has good customer service. Although you may not need assistance now, you will want to get the help you need if you are in an accident or if you lose your policy
Purchasing Insurance Online
Purchasing a policy online is a great idea if you do not want to deal with the hassles of talking to an agent in the office, or if you feel that you may be tempted to over-insure your vehicle simply because you can not say “no.”
If you are careful and do your research before purchasing an auto insurance policy online, you may be able to find a good deal.
If you just go online and purchase a policy because you liked the ad you saw on television, you may find that it isn’t such a good deal.
How do you make sure that you get a good deal when purchasing cheap auto insurance online? There are several things to do before you purchase that insurance.
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Know the Coverage You Need
Know what you need before you buy auto insurance. Before you purchase any policy, you should have some idea about what types of things you need on that policy.
For example, if you have a daycare business in your home and you will be transporting some of the kids to school in the morning, you will need a different sort of coverage than someone who just uses the car to drive to work and do errands.
You Get What You Pay For
Make sure to understand exactly what you are getting for that great rate. Although the policy may seem like a great deal, it isn’t if you do not have the coverage that you need.
Being underinsured means putting yourself and your family at great risk. Don’t take the chance: make sure that you have the coverage that you need even if it means a few dollars extra per month.
Ask for Discounts
Ask about auto insurance discounts that might be available. Things like an anti-theft system that has been installed on your car should help to bring down the rates.
Other discounts can be applied if you have not had an accident as well. Of course, you want to look at the bottom line. If your insurance rate is reasonable, even without discounts, you probably shouldn’t be concerned.
Free Auto Insurance Comparison
Enter your ZIP code below to view companies that have cheap auto insurance rates.
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Research Company Ratings
Check the insurance company’s rating. All insurance companies have a rating that verifies their financial strength.
The financial strength of a company can be very important for people who are considering buying any type of insurance from that company.
For example, you want to make sure that there will be money available if you need to process a claim or if you are sued after an accident.
While a policy may be inexpensive, you might want to think twice about purchasing a policy from a company that is not so financially secure.
Compare Policies Before Buying
Compare before you buy. Before you purchase a policy, you should compare that policy with your current policy. Look to see if the coverage is the same as your existing policy.
If you were over-insured before or if your circumstances have changed, you may be able to down grade your policy.
If the quote costs less money than your previous policy but offers all of the coverage, then you definitely might want to consider purchasing your policy online.
Get Quotes
Obtain auto insurance quotes from several insurance companies before committing to one. Many companies offer insurance online. Because of this, it is important to compare online policies before purchasing one.
Although it may sound like a lot of work, there is good news. Obtaining quotes online is quite easy. In addition, you will be able to get several quotes in a short amount of time.
Free Auto Insurance Comparison
Enter your ZIP code below to view companies that have cheap auto insurance rates.
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Check Policy Details
Check the effective dates. Even if your insurance coverage is a good deal, it won’t help if you are uninsured while waiting for your policy to take effect.
Many insurance agencies can write policies that go into effect immediately. This is great if you need coverage right away. Other times, you may want to wait for your policy to go into effect when your current policy expires.
The Importance of Customer Service
What sort of customer service is available? The last thing to consider when determining if a policy is a good deal is how much customer service is available.
Although you may not need assistance now, you will want to get the help you need if you are in an accident or if you lose your policy.
It is not a good idea to purchase insurance from a company that does not have good customer support, no matter how inexpensive the policy is.
Companies with good customer service will allow customers to contact the company via phone, email, or even personal chat. A company will also have 24-hour service in case of a late night or early morning accident.
The Bottom Line: Is online cheap insurance a good idea?
By now, you may be overwhelmed with the thought of going through the process to find insurance online.
Keep in mind that the savings you can reap from such a policy will far outweigh the effort required to find a good policy.
In addition, you will experience the rewards of your efforts each and every time you pay your discounted auto policy.
Using the tips you have learned, along with a little investment of time will help you to find the right online insurance policy which can give you the coverage you need at a rate you can afford.
Compare auto insurance with our free quote tool below now! We will help you save on auto insurance quotes!
Free Auto Insurance Comparison
Enter your ZIP code below to view companies that have cheap auto insurance rates.
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Frequently Asked Questions
Is purchasing online cheap auto insurance a good idea?
Purchasing auto insurance online can be a good idea if you do your research and make informed decisions. It offers convenience and the ability to compare rates easily. However, it’s important to ensure that the online insurance company is reputable, financially stable, and provides good customer service.
How can I make sure I get a good deal when purchasing cheap auto insurance online?
To get a good deal when purchasing cheap auto insurance online, follow these steps:
- Know the coverage you need and customize your policy accordingly.
- Understand what you’re getting for the rate quoted and ensure it meets your requirements.
- Inquire about available discounts, such as for having an anti-theft system installed in your car or maintaining a good driving record.
- Research the insurance company’s rating to ensure their financial stability.
- Compare policies from different insurance providers before making a decision.
- Check the effective dates of the policy to avoid any gaps in coverage.
- Consider the quality of customer service provided by the insurance company.
How can I determine the coverage I need when purchasing auto insurance online?
Before purchasing auto insurance online, it’s essential to assess your specific coverage needs. Factors such as your driving habits, vehicle usage, and any additional risks should be considered.
For example, if you use your car for business purposes or have specific valuable items in your vehicle, you may require additional coverage beyond standard liability and collision coverage.
What should I consider when comparing policies before buying auto insurance online?
When comparing policies before buying auto insurance online, pay attention to the following aspects:
- Coverage limits and deductibles: Ensure the policy provides adequate coverage and that the deductibles are reasonable for your budget.
- Additional features or riders: Check if the policy offers any additional benefits or optional riders that might be beneficial to you.
- Exclusions and limitations: Understand any exclusions or limitations mentioned in the policy, especially regarding specific situations or types of damage.
- Price and discounts: Compare the rates offered by different insurance providers and inquire about available discounts that can help reduce the premium.
- Policy terms and conditions: Read and understand the terms and conditions of the policy, including cancellation policies, renewal terms, and claims procedures.
Are there any potential drawbacks to purchasing online cheap auto insurance?
While purchasing online cheap auto insurance can be beneficial, there are potential drawbacks to consider:
- Limited personal interaction: Online insurance purchases may lack the personalized guidance and support that an in-person agent can provide.
- Incomplete understanding of policy details: Without careful review and understanding, there is a risk of missing important policy details or exclusions.
- Reliance on self-assessment: Assessing your coverage needs on your own may lead to under-insuring or over-insuring your vehicle.
- Varying quality of customer service: Not all online insurance companies provide the same level of customer service, so it’s crucial to research and choose a reputable provider with good customer support options.
- Internet security concerns: Ensure that the online insurance platform you use has proper security measures in place to protect your personal and financial information.
Free Auto Insurance Comparison
Enter your ZIP code below to view companies that have cheap auto insurance rates.
Secured with SHA-256 Encryption
Chris Abrams
Licensed Insurance Agent
Chris is the founder of Abrams Insurance Solutions and Marcan Insurance, which provide personal financial analysis and planning services for families and small businesses across the U.S. His companies represent nearly 100 of the top-rated insurance companies. Chris has been a licensed insurance agent since 2009 and has active insurance licenses in all 50 U.S. states and D.C. Chris works tireles...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.