I used to have insurance with a local agency until a friend of mine said to check online. Ive seen a lot of commercials saying that I could shop online and compare insurance rates, and that a few companies could help me get the best rate. I didnt really think it was legit.
I was surprised that, in fact, not going through a local insurance agency and comparing rates online actually does save you a significant amount on your policy.
There are a few factors that your insurance rates are going to depend on, and even if you do get a better rate online, the price may still be higher for you than other people. For example, if you have a sports car, you will pay a premium for that.
Also, if you get full coverage you will pay more than other people do, even though you will generally pay less for full coverage online than you will locally. If you have a vehicle on financing, many financiers will require that you have full coverage.
Your driving record affects your insurance rates as well. If you have had accidents or speeding tickets, for instance, your rates are going to be higher. But again, you can save a bundle by getting your insurance online even if you do have an imperfect driving record.
At the end of the day, you can only get your rates so low, again, just depending on these different criteria. But you can definitely pay substantially less by shopping online with a company that gets you good rates than you would with a local agency (or even with some of the conventional big name national companies).
