Auto Insurance Comparisons - Comparing Auto Insurance Quotes or Rates

Susan Kelly

Dec 06, 2021

Auto Insurance comparisons are crucial each time you shop for car insurance to save money. Comparing car rates and quotes is a great way to find the cheapest car insurance. Insurers look at various factors like your age, location, marital status, driving history, and vehicle model to determine the cost of your insurance. Therefore, it is wise to compare auto car insurance quotes from multiple insurance providers to make sure that your current insurance rate is the most affordable option.

If you are buying a new car or looking for a new insurance company, comparing car insurance rates side-by-side is important. This auto insurance comparison will save you thousands of dollars per year. Moreover, there are also some tools available that compare auto insurance quotes instantly. Money Geek’s car insurance calculator is one of the best tools that can estimate the cost of car insurance. Auto insurance protects your vehicles in case of stolen or involved in an accident. It is also best for the other road users if you damage their vehicle.

Factors that Affect Auto Insurance Rates or Quotes

Below are some significant factors that can affect your car insurance rates. Most of the factors are in your control that can help you to decide the cheapest rates. Some factors are outside your control like your age. Let's take a look at them:


Insurance companies charge higher rates for teens and drivers under the age of 25. Because they are inexperienced and more likely to have accidents.

Marital Status

Married drivers pay less for car insurance as compared to single or divorced ones.


Location is one of the major factors affecting auto insurance rates. People living in cities pay more for insurance than those who live in rural areas. Because thefts and accidents are more common in cities. Rates vary significantly by ZIP code and neighborhood.

Credit History

In many states, insurance companies use credit history to determine insurance rates. A driver with a poor credit score will pay twice for the insurance as the driver that has a good credit score.

Driving Record

Drivers who have accidents, violations, or traffic tickets in their driving history will pay more than the driver with a clean driving record. Such drivers can probably qualify for safe driving discounts from many insurance companies.


Luxury vehicles that have extra features or sports cars have high insurance rates than base models. Because luxury vehicles take more money to repair than other cars.

Home Ownership

Insurance companies charge less from homeowners than renters.


Insurance companies charge different rates for male and female drivers. Normally, the rates for younger men and older women are higher. Your gender can affect the auto insurance coverage rate.

How to Compare Auto Insurance Quotes or Rates?

Here are the important things to consider in auto insurance comparisons from different companies.

Gather Your Information

To quickly compare car insurance quotes or rates, you must have the following information on hand:

Personal Detail: It includes the date of birth, address where the vehicle is garaged, occupation, driver's license number or license, and states of issue.

Vehicle Detail: Vehicle information including Vehicle model, year, vehicle identification number (VIN), Mileage, and ownership information.

Insurer's Information: Current or Previous Insurance Company name and policy expiration and Current coverage limits.

Driving History: It includes tickets, violations of the driver in past five years.

Select Appropriate Liability Limit

Auto Liability coverage is required in most states. Choosing the right liability limit is the imperative part of auto insurance comparisons. It protects you from the worst scenarios. Bodily Injury liability coverage pays all the expenses if you are the reason for another person's injury in an accident.

On the other hand, property damage liability coverage pays for the damage that is caused by you to another person's property. Therefore, while choosing the auto liability coverage limit, make sure that liability limits for both coverages are the same for every quote.

Choose Deductibles

A deductible is the amount of money you will pay out of pocket towards a claim. The higher deductible means you will pay more out of pocket; it will lower your premium. Therefore, while comparing auto insurance rates, choose the deductibles same for each quote to make the best comparison.

Compare Car insurance rates or quotes

Collect the auto insurance quotes from two to three insurance companies in your area to find the better and affordable one. Make sure that each insurance quote includes the same set of required and optional coverage, same drivers and cars, same levels of liability. It will help you to find the best price.

Three Cheapest Car Insurance Companies

Below mentioned are the three largest auto insurance companies. These major companies operate in up to 50 states and are serving many customers. Companies are following:

  • Geico
  • State Farm
  • USAA

The Bottom Line

In a nutshell, auto insurance comparisons are a good way to evaluate that you are

getting the value for your money. Before shopping for car insurance, consider

comparing quotes from big insurance companies and regional companies. It will help

you to make an affordable option when it comes to setting rates.

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