Can You Save by Car Insurance Price Comparison Shopping?

You would think that most people would be well versed in checking the market with all the options available on the Internet. Surprisingly enough many people don’t believe there is a point in getting alternative quotes when they get their renewal notices. Also, a few people think that it wouldn’t be worth sparing time for car insurance price comparison shopping. According to the latest news, penny pinching is back and people are now looking for every little penny they can save.

How Much Savings Is Enough?

Many auto insurers have long-running advertising campaigns that some of them have become a cliché like GEICO’s “you can save 15%”. Probably the reason they chose that figure is that it doesn’t raise huge expectations but good enough to be curious about. Assuming people would only do so if it is worth their time financially, that would be right on the money.

However, lately motorists may have lowered the bar and they may be looking for any respite. According to a recent Value Penguin survey 26% of people who switched lately saved at least $200 or more on their vehicle insurance premium. And 92% of them got lower quotes than their existing carriers.

Now, that is not a bad figure but we should know that there are people who halved their premiums. The common consensus is that the policyholders who stayed with their carriers for a long time are more likely to save large amounts. And naturally, if you checked last year and switched to a cheaper company you may not find very attractive rates this time around again.

How Long Does It Take to Check?

The beauty of it is that it doesn’t take long at all to get a few automobile insurance quotes. The forms are straight forward and step by step that you will get the result in a matter of minutes. If the first one comes way too expensive in comparison to your renewal quote you may stop there and not waste much time. But why not get a few more when you get the hang of it.

There is a comfort in numbers in many ways. For example, if you get several quotes that are lower than your current provider you know that they are expensive and good thing you are doing something about it. If you don’t get the results you were hoping for, at least you have the satisfaction of knowing that you weren’t paying too much.

Conclusion

We spend hours online doing absolutely nothing. So, this time be curious and go for it. Find a good website and compare vehicle insurance quotes to see where you are at. How else would you know the score? There are many people who have been auto renewing with their existing providers for years and recently found out that they could have saved a lot of money in that time. You really don’t want to be one of those people. Even just for that reason you would want to take a few minutes and find out if your current auto insurer is offering you a good deal or ripping you off.