Sign In

Factors To Consider While Comparing Auto Insurance

​Imagine you have to buy a mobile phone for yourself. What would you do? Buying a new phone involves being up-to-date with the latest phones on the market. We need to know which phones have the best features, which ones have the lowest costs, and finally which ones are best suited to our requirements. Once we have shortlisted a few phones which match our entire criterion, we spend endless days and nights comparing these phones and finding out the best one from the lot. After researching on YouTube and asking almost everyone we know about their pick, we finally decide on the phone which would keep us happy for a couple of years. However, when it comes to buying car insurance we go ahead on the basis of our agent’s word.

Similar to a phone, it is important that we compare car insurance online. But where do we compare it?

Get a quote on Insurance portals

There are a thousand different portals to compare car insurance such as CoverFox, PolicyBazaar, etc. These websites would provide us a brief analysis of the major players in the Insurance industry and the rates and coverage they offer. We can then choose the policy which suits our requirements and budget. The more we compare car insurance rates and look at discounts being offered by these insurance companies, we get a better understanding of what comprises of the best car insurance policy and therefore can make a better decision in choosing our auto insurance policy. This would certainly be quicker and more convenient as compared to discussing it with an agent.

Things to consider while comparing car insurance:

1. Comparing prices and coverage: The golden rule while comparing car insurance policies is ‘Prices are directly proportional to the coverage offered’ That means the cheapest car insurance policies may not be your best bet as they offer the worst coverage or a high voluntary deductible. . Ideally one should look for an affordable motor insurance policy that maintains a healthy balance between the premium price and the coverage.

2. Considering the history of the Insurance Company: This one might be a bit subjective. However, taking the claim history of the company is imperative. Try opting for a company that has a high claims settlement rate. It would always be advisable to look for the best car insurance companies that have a good reputation and experience.​

That’s it. Wasn’t it easy? So next time you buy car insurance ensure you compare the prices and coverage on the internet.