Call Us (770) 287-9900 ☰ ˟
Logo
Call Us: (770) 287-9900
Español
  • Home
  • Get A Quote
    • Automobile
    • Bonds
    • Business & CommercialImage of right arrow
      • Commercial Auto Insurance Quote
      • General Liability Quote Form
    • HomeownersImage of right arrow
      • Homeowners Insurance Quote
      • Manufactured Home Quote
    • Motorcycle
    • Recreational Vehicle
    • Renters
    • Trucking
    • Watercraft & Boat
  • Customer Service
    • Online Account Access
    • AutomobileImage of right arrow
      • Request ID Card for Auto Policy
      • Request Declaration and Coverages Page for Auto Policy
      • Send Declaration and Coverages Information to Lien Holder
    • Business & Commercial
    • HomeownersImage of right arrow
      • Request Declaration and Coverages for Existing Homeowners Insurance Coverage
      • Request Evidence of Insurance
    • MotorcycleImage of right arrow
      • Request ID Card for Motorcycle Policy
      • Request Declaration and Coverages Page for Motorcycle Policy
    • Recreational VehicleImage of right arrow
      • Request ID Card for Recreational Vehicle Policy
      • Request Declaration and Coverages Page for Recreational Vehicle Policy
    • Renters
    • Watercraft & BoatImage of right arrow
      • Request ID Card for Watercraft Policy
      • Request Declaration and Coverages Page for Watercraft Policy
  • Blog
  • Make a Payment
  • Resources
    • Refer a Friend
    • Important Links
    • Calculators
    • Free Reports
    • Insurance Glossary
    • Frequently Asked Questions
  • About Us
    • About SMILEY INSURANCE AGENCY
    • Location Map
    • Employee Directory
    • Partners
    • Customer Testimonials
    • Privacy Policy
  • Contact
    • Contact Us
    • Join Our Newsletter
Icon

Auto

We browse through a wide variety of coverages and find the right one for you.

Get a Quote
Icon

Home

We browse through a wide variety of coverages and find the right one for you.

Get a Quote
Icon

Business

We browse through a wide variety of coverages and find the right one for you.

Get a Quote
Icon

Recreational Vehicles

We browse through a wide variety of coverages and find the right one for you.

Get a Quote
Icon

Bonds

We browse through a wide variety of coverages and find the right one for you.

Get a Quote
Home > Blog > When Is the Cheapest Rate a Bad Idea?
WEDNESDAY, NOVEMBER 9, 2016

When Is the Cheapest Rate a Bad Idea?



So you’ve been shopping for auto insurance and have received several quotes.  There is a variety of companies, coverages, and prices.  Which do you choose?  

A lot of people just pick the cheapest one and go with it immediately, but this can be a BIG mistake.  Let’s take a look at a few things to consider when comparing quotes.

#1 – Compare deductibles.  Review each quote and if a vehicle has comprehensive and collision coverage, look at what deductible is listed.  The deductible is the amount you will pay out of pocket before your insurance kicks in.  A higher deductible (like $1000 or $500) will result in a cheaper monthly premium.  Look and see if all of your quotes use the same deductible on each vehicle.  

#2 – Compare Liability coverage.  The liability coverage will be listed as Bodily Injury and Property Damage on your quote.  Look at the numbers and see if they are the same on each quote.  This is the total amount the policy will pay out if you cause an accident.  A higher number means more coverage and will cost slightly more.  Are all of your quotes using the same amount of liability coverage? 

#3 – Compare extras.  Next see what extras are in the policy.  Is there coverage for a rental car?  What about towing if you break down?  Does the policy forgive your first accident or offer other perks?  Make notes of all the extras for each quote.  Consider if these are things you need on your policy and make notes to ask additional questions if you aren’t sure what’s included.

Next step, get an apples to apples quote.  You can’t compare an apple to an orange right?  They’re totally different.  That’s why you only compare prices on insurance quotes that include the SAME coverage.  Call those companies back up and ask them to adjust the coverage as needed to get a better comparison. 

Also, take into account the reputation of the company you are working with.  If you’ve never heard of the insurance company, ask for information from the agent about their rating in your state and how reliable they are in paying their claims.  A few extra dollars per month can be worth it for a reputable company that you can trust. 

Have questions?  Give us a call today and let us help!  

Posted 1:16 PM

Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2016
  • 2015
  • 2014
  • 2013

  • insurance(4)
  • car insurance(2)
  • marriage(1)
  • smiley(1)
  • auto insurance(1)
  • inusurance(1)
  • life insurance(1)
  • tickets(1)
  • home(1)
  • braves(1)
  • auto(1)
  • cars(1)
  • rental car(1)
  • homeowners(1)
  • family(1)
  • newlyweds(1)
  • love(1)

View Mobile Version

Contact Us Today!
(770) 287-9900

Social Social Social Social

Resources

  • Products
  • Customer Service
  • Payment Options
  • Report a Claim
  • News
  • About Us
  • Refer A Friend
  • Our Carriers
  • Blog
  • Contact Us

Contact Us

303 Pearl Nix Parkway
Gainsville, GA 30501

P: (770) 287-9900 E: mark@smileyins.com
© Copyright. All rights reserved. | Powered by Insurance Website Builder