ONLINE AUTO INSURANCE QUOTES:
The National Association of Insurance Commissioners (NAIC) suggests checking your insurance policies once a year to ensure the coverages are right for your life situation and that you are getting the best deal possible. Turn on a television, read a magazine, or even run a Google search and you are sure to be bombarded with websites offering to help you save money on auto insurance. Getting quotes online can be convenient, so if you are considering doing your insurance comparison online this year, the NAIC has a few tips to make the experience safe and easy.
Which Coverages You Need
A few coverage options that should match up quote to quote:
Get Your Information Together
To get a rate you will need specific information to fill out the forms. Be prepared to share information from:
Before You Start Answering Questions
There are a variety of sites that offer auto insurance quotes. Some rate for a specific company while others let you fill out one form and get quotes from several companies.
A few things to know about getting information online:
Completing the Quote Request
Complete disclosure is required, as the relationship between you and your insurer is one of mutual trust. Here are a few things that require close attention:
Do Some Investigating
The lowest quote may not always be the best choice, so before making a payment, do some homework.
Start by talking with friends and family about their auto insurance experience. If they are insured by one of the companies you are considering, ask about their best and worst experiences.
Then, check with your state insurance department to verify that the company and agent (if you are dealing with one) are licensed in your state. You should also inquire about complaints made against the company. The company's complaint ratio will show how the company stacks up against other auto insurers in your state.
Get smart about your insurance needs and take the guesswork out of buying an auto insurance policy. This consumer alert is a good reference when shopping around. If you are still looking for more information or tips on how to save money, go to InsureU and choose the life stage that best fits your situation. You can also download the Consumer's Guide to Auto Insurance.
About the NAIC
The National Association of Insurance Commissioners (NAIC) is the U.S. standard-setting and regulatory support organization created and governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer review, and coordinate their regulatory oversight. NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally. NAIC members, together with the central resources of the NAIC, form the national system of state-based insurance regulation in the U.S. For consumer information, visit insureUonline.org.
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