If you have ever purchased auto insurance, then you have had an auto insurance quote. An auto insurance quote is an estimate of what auto insurance will cost you with a certain company for a specified period of time, generally, six months or one year.
When you call or fill out a form online, an insurance agent takes your information and enters it into his computer that is connected to the insurance company that he represents. Independent insurance agents may represent more than one company, so they may send your information to several companies to get the best auto insurance quote for you.
One important thing to know about the number that the agent gives you is that it is only a quote. With the advent of computer systems, the quotes have become much closer to the actual cost of insurance, but a few years ago, an agent could give you a quote and then after the company reviewed your information, you could be billed for more than the quote. Of course, there were times that the actual policy cost was lower that the quote too.
What are some thing that affect the price that the agent will quote you?
Your age is a large factor in the price you pay for insurance. If you are under twenty-five years of age you will pay more for insurance that someone with the same driving record as you who is forty-five. Part of the reason for this is that you are more likely to be involved in an accident than someone who is forty-five, simply because you lace his experience. In addition, if you are a male under twenty five, you will pay more than a female under twenty-five. Statistically, males under twenty-five have more accidents.
If you have had continual insurance for the past one to three years, you will pay more for insurance than if you have let your insurance lapse.
Insurance can be a large expense. Safe driving keeps your costs down when seeking an auto insurance quote.
