What is the Insurance Quote Process?

The best way to find out if you are getting the most competitive rate for car insurance is by shopping around. It is a good idea to check your rates every few years and get quotes from a minimum of three companies every time. 

Should I Use an Agent or Search Online?

If you are interested in multiple quotes, consider working with an agent. Independent agents sell through many different insurance carriers and have experience searching for the best possible rate. Whether you go through an agent or do an online search, getting multiple quotes at once can save you a lot of time. 

A captive agent works for only one insurance company, such as Farmers Insurance, State Farm, or Allstate. If you need an exact quote, or you have special circumstances that are not covered in a standard online questionnaire, a captive agent can get you what you need, and it’s still free!

What is an Insurance Quote?

An insurance quote is an estimate of how much your policy will cost. For car insurance, the amount is calculated on a variety of information such as:

  • Driving Record
  • How Much You Drive
  • Age of Driver
  • Type of Car
  • Where You Live
  • Your Credit History
  • How Much Coverage You Need

Why Do I Need to Submit Personal Information?

Your insurance rate will vary significantly based on these personal details, and you want to take advantage of every opportunity to save money. For instance, a 40-year-old driver with an accident or DUI on their driving record will pay twice as much for coverage than a driver of the same age with a clean record. 

Another example would be where you park your car. If you have it in the garage instead of parked on the street, there is a lower chance of incurring damage and your rate may be lowered. If you own a luxury car or live in an area that has a high crime rate, your insurance quote will typically be higher than average. 

What Information is Required to Get an Insurance Quote?

Before you start your online search or call an agent, it is important to collect all the relevant data you need. This includes:

  • Name, address, birth date, phone number, and occupation
  • Drivers license number for everyone you want on the policy
  • Current car mileage
  • Estimate of yearly mileage
  • VIN (vehicle identification number) and safety features on your car
  • Leasing information (if your car is a lease)
  • Driving history for the past five years
  • A copy of your current insurance coverage, if you have it 

Choosing the Right Coverage

In addition to the coverage required by law, the amount and type will depend on your personal needs. If you travel frequently for work, or live in an area subject to extreme weather, then full coverage can be well worth the investment. At Farmers Insurance, our agents can help you find the right combination of coverage types including liability, collision, and comprehensive. Call us for a free quote today!

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