“Car Insurance Compare..”
Car Insurance Compare, because it pays to shop around! In fact this is the philosophy behind choosing a Brokerage to Shop for you! We can look at the rates and Compare! Why is this wise?
Reason One
Every company is different and so are their rating factors. This directly impacts your rate making it vital to shop.
Reason Two
How will you know which company has the cheapest monthly cost unless you shop around?
Reason Three
Not all companies are the right fit for you. Some offer multi car and driver discounts, others are kinder to violations.
CAR INSURANCE COMPARE REASON NUMBER ONE – RATING FACTORS
Each company collects the data you give them about yourself and your vehicle. This bucket of content is weighed with statistics that give you your rate.
What statistics? Well, according to Investopedia.com
“Statistics is a branch of applied mathematics that involves the collection, description, analysis, and inference of conclusions from quantitative data.”
In simpler terms… the data they have gives them an educated guess as to the RISK of insuring a certain individual. What does this have to do with your rate? Well let’s take gender for example! The graph below shows you the cost of insurance for a Male VS a Female.
| Carrier | Average Cost |
|---|---|
| Dairyland | $126 |
| Acceptance RTR | $133 |
| GAINSCO | $136 |
| The General | $136 |
| Nationwide | $138 |
| Geico | $146 |
| Mendota Ins. Company | $149 |
| Bristol West | $151 |
| Progressive Insurance | $158 |
| National General | $160 |
| Travelers | $160 |
| 21st Century | $161 |
| AssuranceAmerica | $161 |
| Liberty Mutual | $169 |
| State Auto | $172 |
| Carrier | Average Cost |
|---|---|
| Dairyland | $160 |
| Acceptance RTR | $166 |
| The General | $166 |
| 21st Century | $177 |
| AssuranceAmerica | $178 |
| Mendota Ins. Company | $179 |
| Bristol West | $184 |
| Progressive Insurance | $187 |
| Nationwide | $189 |
| GAINSCO | $190 |
| Geico | $194 |
| National General | $195 |
| Allstate | $208 |
| Travelers | $213 |
| USAA | $213 |
Now if you are a female, you may be EXTREMELY happy. But if you are Male, you are paying much more on average for insurance. Except in Florida…. but Florida has it’s own issues….like BEING Florida.
This Rating Factor is based on DATA! Male Drivers tend to get into more accidents…. thus higher cost for coverage. This is just ONE rating factor.. there are many more. Like Age!
| Carrier | Average Cost |
|---|---|
| National General | $137 |
| Bristol West | $140 |
| USAA | $145 |
| Dairyland | $147 |
| Farmers | $148 |
| Acceptance RTR | $154 |
| American Family | $154 |
| Nationwide | $159 |
| Progressive Insurance | $159 |
| 21st Century | $165 |
| Geico | $173 |
| AssuranceAmerica | $174 |
| GAINSCO | $175 |
| Allstate | $178 |
| Mendota Ins. Company | $178 |
So hopefully it is clear that rating factors alone is a motivating reason to shop around. Certain carriers give fantastic discounts and bundling opportunities. In any case, don’t settle. Shop, Shop, Shop!
CAR INSURANCE COMPARE REASON NUMBER TWO – COMPETITIVE RATES
We know that rates are competitive in the insurance space. This is why it is smart to partner with a Brokerage like us here at A Plus Insurance. But don’t take our word for it, check out what WalletHub has to say about the topic of Car Insurance Comparing.
WalletHub’s suggestion is to shop every so often to confirm that you are getting the best rate. So if you see your rate rising, don’t settle, shop around. At the very least it’ll be good for you to know that where you are is the best rate, instead of wondering if you are overpaying for auto insurance. Whether we like it or not, insurance isn’t cookie cutter.
Every Carrier decides on your premium a little differently. So if you’re looking for cheap car insurance, you’ve gotta shop!
A Local Carrier in your area may just be the way to go, not just the big name brands. So how will you know unless you shop?
Let’s Car Insurance Compare Together!
We are going to look at a few pieces of data for one of the 35 States that we sell car insurance, Colorado! We think it’ll illustrate the real reason to compare prices when it comes to car insurance shopping.
| Carrier | Average Cost |
|---|---|
| Dairyland | $76 |
| Assurance America | $96 |
| Progressive Insurance | $100 |
| The General | $102 |
| National General | $105 |
| Mendota Ins. Company | $106 |
| USAA | $117 |
| 21st Century | $120 |
| Geico | $120 |
| Bristol West | $126 |
| American Family | $129 |
| Liberty Mutual | $131 |
| State Auto | $135 |
| Allstate | $138 |
| Safeco | $143 |
With the above chart Dairyland far and above has the better rate for Liability Only Insurance in Colorado for example. A State with one of the highest insurance rates in the Nation.
Let’s say that you need greater coverages than just liability. Does Dairyland still lead the pack?
| Carrier | Average Cost |
|---|---|
| National General | $135 |
| Progressive Insurance | $136 |
| Mendota Ins. Company | $147 |
| Acceptance RTR | $148 |
| The General | $149 |
| Bristol West | $150 |
| Allstate | $152 |
| Travelers | $152 |
| USAA | $154 |
| Farmers | $160 |
| Geico | $160 |
| Liberty Mutual | $160 |
| GAINSCO | $162 |
| State Farm | $171 |
| American Family | $174 |
Now notice the chart above, Dairyland was the winner price-wise for Liability Only. But slap Full Coverage on that auto and suddenly Dairyland isn’t even in the top 15! National General pulls to the Top!
CAR INSURANCE COMPARE REASON NUMBER THREE – FIND THE RIGHT FIT
Checking back in with WalletHub, they break down the four keys to How to Shop for Car Insurance!
We Agree! LET’S BREAK THIS DOWN
The first key to ‘Car Insurance Compare Strategies’ is to look at three companies at least! Do not get tunneled onto one company. It is also advisiable to shop regional carriers, not solely the national companies. While a smaller regional company might be more limited when it comes to discounts and the like, they may have policies perfect for what your needs are.
| Carrier | Average Cost |
|---|---|
| National General | $136 |
| Travelers | $140 |
| Nationwide | $143 |
| Mendota Ins. Company | $146 |
Look at more than one company.
The second key was to look for the discounts! Below is a list, it is important to note that you MUST be the advocate for your coverage. These discounts are available to you IF you take advantage of them in your Car Insurance Compare Strategies.
| Impact on rates | Discounts Available |
|---|---|
| Mild | Military |
| Mild | Married |
| Mild | Multi Vehicle |
| High | Paid in Full |
| Mild | Education Discount |
| Mild | Multi Policy |
| High | Advanced Quote |
| High | Auto Pay |
| Very High | Continuous Insurance |
Just SOME of the discounts you can take advantage of!
If you don’t think this discount thing has any merit, compare the discounts that each company looks at. Let’s take three PROGRESSIVE INSURANCE, DAIRYLAND INSURANCE, and ADVANTAGE AUTO/MENDOTA. Below is a chart of the discounts they value:
| Progressive | Dairyland | Mendota Advantage Auto |
|---|---|---|
| Paperless Discount | Multi Vehicle | No Accidents or Violations |
| Married | Homeowners | Continuous Insurance |
| Military | Multi Policy | Homeowners |
| No Accidents or Violations | Military | Married |
| Multi Policy | Auto Pay | Paid in Full |
| Advanced Quote | No Accidents or Violations | Multi Vehicle |
| Education Discount | Paid in Full | Auto Pay |
| Auto Pay | Continuous Insurance | |
| Paid in Full | Married | |
| Continuous Insurance | ||
| Homeowners | ||
| Multi Vehicle |
Progressive leads the pack here with discounts, but some of the discounts may have no merit for your situation. For example if you’re single and need to start your policy NOW. But if you’re ready to PAY IN FULL and have no Accidents and need Liability Only then another carrier may be a better fit!
The third key is to keep your policy details consistent! This is the only way to compare apples to apples. When you look at the chart below you’ll see different companies, but we’d like to draw your attention to the Coverage options.
The General’s price of Liability only covers damages you may cause to others, bodily or property damages. But the Dairyland Full Coverage option has Comprehensive and Collision added to the quote. This is an added coverage options that protects YOUR auto. VERY different policies, VERY different prices.
| Carrier | Average Cost |
|---|---|
| The General – Liability Only | $82 |
| Dairyland – Full Coverage $1,000 Deductibles | $192 |
| Progressive Insurance – Liability with Medical Payment | $104 |
| Mendota Ins. Company – Liability, Uninsured Motorist PD | $98 |
Different Policy Coverage Options Yield DIFFERENT Premiums
If your coverage options are not consistent during your quoting prices, you won’t really know which carrier is offering the best price.
QUICK TIP: Have a PDF of your current policy and see if your insurance agent can match the options with other carriers. Now THAT is car insurance comparing.
The last Key is to have your information ready! VIN Number, Driver’s Lic number, previous insurance information, coverage choices. To that end..
Call Us! This is what WE do!
STEP 1 Call Us or start an online quote below
STEP 2 One of our Agents confirms your rate!
INSURANCE COMPANIES
Below is a GIANT list of insurance companies. All with different approaches to business, all fighting hard to protect their company AND cover your financial security.
It can feel like swimming in open water trying to find a raft to keep you afloat. But that is why it is wise to partner with a Brokerage.
| 1 | State Farm Group |
| 2 | Berkshire Hathaway Ins |
| 3 | Progressive Ins Group |
| 4 | Allstate Ins Group |
| 5 | Liberty Mutual Ins Cos |
| 6 | Travelers Group |
| 7 | USAA Group |
| 8 | Chubb INA Group |
| 9 | Nationwide Group |
| 10 | American Intl Group (AIG) |
| 11 | Farmers Ins Group |
| 12 | Hartford Ins Group |
| 13 | Amer Family/Main Street America Grp |
| 14 | Auto-Owners Ins Group |
| 15 | Swiss Reinsurance Group |
| 16 | Erie Ins Group |
| 17 | Fairfax Financial (USA) Group |
| 18 | Munich-American Hldg Corp Cos |
| 19 | CNA Ins Cos |
| 20 | Tokio Marine US PC Group |
| 21 | W. R. Berkley Ins Group |
| 22 | Everest Re US Group |
| 23 | Cincinnati Ins Cos |
| 24 | Alleghany Ins Holdings Group |
| 25 | The Hanover Ins Grp Prop & Cas Cos |
| 26 | Great Amer P & C Ins Grp |
| 27 | Auto Club Enterprises Ins Group |
| 28 | CSAA Ins Group |
| 29 | Zurich Finl Svcs NA Group |
| 30 | Kemper PC Companies |
| 31 | MetLife Auto & Home Group |
| 32 | FM Global Group |
| 33 | AXA U.S. Group |
| 34 | Mercury Gen Group |
| 35 | Assurant P&C Group |
| 36 | Markel Corp Group |
| 37 | Arch Ins Group |
| 38 | QBE Americas Group |
| 39 | Old Republic Ins Group |
| 40 | Allianz of America Companies |
| 41 | Selective Ins Group |
| 42 | AmTrust Group |
| 43 | Auto Club Group |
| 44 | COUNTRY Financial PC Group |
| 45 | Amica Mutual Group |
| 46 | Sompo Hldgs US Group |
| 47 | Sentry Ins Group |
| 48 | AXIS US Operations |
| 49 | State Ins Fund WC Fund |
| 50 | MAPFRE North America Group |
| 51 | Natl Gen Companies |
| 52 | NJM Ins Group |
| 53 | EMC Ins Cos |
| 54 | State Auto Ins Cos |
| 55 | Westfield Group |
| 56 | Shelter Ins Cos |
| 57 | PartnerRe US Group |
| 58 | AF Group |
| 59 | Federated Mutual Group |
| 60 | Acuity, A Mutual Ins Co |
| 61 | Southern Farm Bureau Cas Group |
| 62 | Scor US Group |
| 63 | Farm Bureau P&C Group |
| 64 | TN Farmers Ins Cos |
| 65 | Amer Natl Prop & Cas Companies |
| 66 | Alfa Ins Group |
| 67 | Starr Intl Group |
| 68 | State Compensation Ins Fund |
| 69 | Texas Farm Bureau Group |
| 70 | Grange Ins Pool |
| 71 | West Bend Mutual Ins Co |
| 72 | TX Mutual Ins Co |
| 73 | Motorists Ins Pool |
| 74 | IAT Ins Group |
| 75 | OneBeacon Ins Group |
| 76 | United Fire & Cas Group |
| 77 | Ameriprise P&C Companies |
| 78 | KY Farm Bureau Group |
| 79 | Utica Natl Ins Group |
| 80 | Mortgage Guar Group |
| 81 | ICW Pool |
| 82 | Radian Group |
| 83 | CUMIS Ins Society Group |
| 84 | Argo Group |
| 85 | Donegal Ins Group |
| 86 | NC Farm Bureau Ins Group |
| 87 | Enstar Ins Group |
| 88 | ProSight Specialty Group |
| 89 | Universal Ins Hldgs Group |
| 90 | RLI Group |
| 91 | Amerisure Cos |
| 92 | FCCI Ins Group |
| 93 | Safety Group |
| 94 | Arbella Ins Group |
| 95 | Church Mutual Ins Group |
| 96 | Palisades Group |
| 97 | Genworth PC Group |
| 98 | MI Farm Bureau Group |
| 99 | Employers Ins Group |
| 100 | RenaissanceRe US Group |
Why is it important to compare car insurance options?
Comparing car insurance helps you find the best coverage that suits your needs at an affordable price. Different insurers offer various rates and coverage options, so comparing allows you to make an informed decision and potentially save money. Contact us to learn more about the benefits of comparing car insurance.
What factors should I consider when comparing car insurance?
When comparing car insurance, consider coverage types, limits, deductibles, discounts, customer service, and the insurer’s reputation. Analyze what each policy offers and how it aligns with your requirements. Contact us for guidance on the important factors to consider when comparing car insurance policies.
How can I effectively compare car insurance quotes?
To effectively compare car insurance quotes, gather quotes from multiple insurers, review coverage details, assess costs, and evaluate any additional benefits or exclusions. Utilize online comparison tools or work with an insurance agent to streamline the process. Contact us for assistance in comparing car insurance quotes.
Who gives the lowest car insurance rates?
The lowest car insurance rates can vary depending on several factors, including your location, driving history, and the type of coverage you need. To find the insurer that offers the lowest rates tailored to your specific situation, it’s essential to compare quotes from multiple insurance providers. Contact us, and our experienced agents can assist you in finding the most affordable car insurance rates.
| Additional Insurance Links |
|---|
| Auto Insurance Denver |
| Insurance Woodland Park |
| Boulder Colorado Cheap Liability Insurance |
Last Updated on by Camron Moss