How Do You Compare Insurance Quotes Side by Side?

November 09, 2017

Compare Quotes side by side

You know that the best way to get a good deal on anything is to compare prices side by side. If you’re getting a new furnace installed, you’d better get quotes from three contractors. If you’re buying a car, you definitely want to check out the prices from three local dealers. And if you don’t want to get ripped off when you’re insuring that car, you’ve got to compare car insurance rates side by side.

The trouble is, it takes time and effort to compare prices. You don’t want to take off work three times to meet with three HVAC guys, so you go with the first quote. You don’t want to spend your entire Saturday car-shopping, so you just buy from the first dealership. But don’t make that mistake with your car insurance! Compare.com has made it easy and fast to compare quotes so you get the best deal. We’ll walk you through the process, step by step.

Step 1: Enter your basic info on Compare.com.

To do an accurate car insurance comparison side by side, we need to know a little about you. Feel anxious about submitting personal information online? Don’t worry: Compare.com does not ask you for sensitive things like your social security number, driver’s license number, or credit card info. Compare.com is absolutely free to use and only needs some basic information to securely deliver personalized car insurance quotes.

When you start here, it takes less than five minutes to enter the info: things like the type of car you drive, what type of job you have, and how long you’ve been driving. You can save your info, too, in order to access your quote in the future or get new quotes in a flash.

Step 2: Choose car insurance coverage levels.

This is where a lot of people freeze up. How are you supposed to know how much auto insurance you need? What is “uninsured motorist bodily injury”? What does 25/50/25 mean, anyway?

Don’t stress. Compare.com makes things simpler by giving you four levels of coverage: state minimum, basic, plus and premium. If your goal is to find really cheap car insurance, and if you don’t have a lot of assets to protect, start with state minimum coverage. This is the minimum insurance coverage you need to drive legally in your state. If you’d like a little more peace of mind, choose Plus or Premium levels. You’re not locked into any of them — you can choose one level, compare car insurance quotes side by side, then adjust your coverage.

If you have specific requirements for your car insurance, click “Customize coverage” to add or reduce coverage. You can adjust the deductible, add or delete towing and rental car coverage, or tailor limits to your liking. Hit “Save and get quotes,” and Compare.com’s powerful engine will get accurate, live quotes from insurers in your area.

People discussing quotes

Step 3: Compare car insurance quotes side by side

In our example, we’ll run the numbers for a 28-year-old woman driving a 2016 Hyundai Elantra GT. Our 28-year-old driver opts for the state minimum coverage. She has a pretty good driving record, so she gets some decent quotes from three insurers.

Per Month, as you go:

  • Company A: $80
  • Company B: $118
  • Company C: $101

Per month, paid up front:

  • Company A: $73
  • Company B: $116
  • Company C: $98

This car insurance comparison seems pretty straightforward: Company A gives her the best deal, and it doesn’t seem to make a big difference if she goes month to month or pays up front. But rather than looking at the monthly payment, compare the cost for the year. Compare.com also shows the expected down payment for the pay-as-you-go plans, so don’t forget to factor that in.

Per year, as you go:

  • Company A: $1040
  • Company B: $1524
  • Company C: $1313

Per year, paid up front:

  • Company A: $874
  • Company B: $1398
  • Company C: $1178

By comparing, our driver sees that Company A is the winner, and she can save $166 by paying in full. But then she starts to think that state minimum coverage isn’t enough. Plus, the last time she had to have her car repaired after an accident, she had to pay hundreds out of pocket to rent a replacement car, so she’d love to have rental car coverage. So she clicks “Select a coverage level,” then customizes the coverage to include 50/100/50 bodily injury and property damage liability plus $40 per day in rental car coverage. Now what happens when she does her car insurance comparison side by side?

Something interesting, it turns out: A new company enters the ring and provides competing quotes.

Per year, as you go:

  • Company A: $877 (including $80 down-payment)

Per year, paid up front:

  • Company D: $1076 (including $0 down-payment)

In this comparison, Company A is still cheaper — the price has barely changed at all, even though the driver added coverage. But Company D charges no down payment and is a great brand name that our driver trusts, so she might opt for D if she prefers to pay month to month.

The moral of this story: It always, always pays to compare car insurance quotes, because they vary so widely. If our driver had gone to Company B first and simply accepted their quote, she would be paying $650 more every year. And we can think of many better things to do with $650.

How much money can you save when you do a car insurance comparison side by side? There’s just one way to find out… start a quote on Compare.com.

Share This

You could save up to 32% by using Compare.com!

Based on a survey of 100 California Residents. Average savings determined via a comparison of their selected policy against their self-reported annual premium.