What We Compare
You’re used to hearing about how every car insurance company in the world can “Save you money” on your car insurance rates. The surprising thing is that many of them may be telling the truth. The hard part is knowing which car insurance company will give you the most value for your money. It’s a bit like the Dating Game – you have to look at a few different auto insurance companies before you find your perfect match.
To demonstrate how much you could be saving by comparing car insurance rates, Compare.com has conducted some research to help illustrate the difference in car insurance rates among some of the top brands in car insurance. Since car insurance rates are customized to a person’s individual circumstances, we created three different fictional customers who represent three of the most common car insurance shopper profiles. Using each of these three fictional shoppers we set out to get quotes from 5 of the top 100 car insurance companies in the US so we could share with you an unbiased look at how prices vary by individual and by company. Read on to see the driver profiles and our car insurance comparison chart.
Meet our virtual mystery shopping team:
- Elizabeth Allclear: Elizabeth is 40 years old, has never had an accident or ticket, and has terrific credit. We bet she also turned in all her school projects two weeks early, too. Elizabeth is a better-than-average driver.
- Joe and Julie Average: In their mid-thirties, Joe and Julie certainly aren’t speed demons, but they have gotten the occasional traffic ticket. They keep up on their insurance payments and try to stay current on all of their bills. Mr. and Mrs. Average most closely represent the average driver.
- Johnny Racer: Johnny’s not a bad kid, but he had an accident recently that caused some property damage. He’s in his early 20's, has recently moved out on his own, and hasn’t really established a credit track record yet. We like him because he always remembers his Mom on Mother’s Day. There are more than a few "Johnnys" out there, but hey, we all have to start somewhere, right?
Compare auto insurance rates
Mystery shopping insurance companies is not exciting work, but we learned a lot. As you can see in the car insurance comparison chart below, every driver has the opportunity to save money when they compare auto insurance rates. Savings vary based on variables such as what car you drive, how much your deductible is, and how much coverage you buy. In order to make sure we were presenting comparable information, all of our mystery shoppers got a quote for the exact same types of coverage, coverage levels, and types of cars at every company.
On average, our drivers could save $359 on their car insurance policy by picking the right company and in some cases our drivers saved as much as $1031. That's just for extra-safe and average drivers. If you're a driver with a couple accidents, speeding tickets, or you're driving an expensive and powerful car, you could save thousands. In the case of Johnny Racer, he could save over $4,300. Remember, these drivers aren't real, but their car insurance quotes are. These savings aren't easy to find; it takes a bit of research and a lot of time, but think of the money you could be wasting if you don't compare auto insurance quotes from different insurers.
Some professional advice
Compare.com CEO Andrew Rose recommends getting at least four car insurance quotes to ensure you are getting the right price. “Many people pay much higher rates on car insurance than they should because they haven’t gotten a quote from at least four insurance companies.” said Rose “I recognize that many people don’t have the energy or time to visit multiple sites and answer the same long list of questions over and over again. That’s why we built Compare.com - to have you fill out one form and receive multiple quotes for side-by-side comparison. Whether you are visiting Compare.com or multiple individual insurance company sites, do your homework. The savings are worth it".