It’s tough to cover every question or contingency, so here are a few more common queries. If you don’t find your answer here, be sure to check our other guides.
How long can I stay on my parents’ auto insurance policy?
Unlike health insurance, auto insurance eligibility isn’t governed by age; rather, it’s connected to vehicle registration and domestic situation. As long as you live with your parents and drive their car, you can remain on their policy. If you live under their roof but have your own car, some companies will allow you to combine family coverage. If that option isn’t available or you move out, it’s time to find your own insurance.
Does it cost anything to get an auto insurance quote?
Since companies are hoping to attract your business and loyalty, getting an auto insurance quote is almost always free. Most major insurers even offer approximate quotes via interactive applications on their websites.
How many quotes should I get for comparison?
There’s no single answer to how many quotes you should get for comparison when shopping for car insurance. It depends on the complexity of the coverage, your personal comfort, or the consistency of what you find. You’ll want at least three quotes to start, then maybe seek more if you’re unsatisfied or there’s a wide range between them. Remember that an insurance broker can secure several quotes at the same time.
What (besides price) should I consider when comparing competing quotes?
For accurate comparisons, always ensure that competing policies offer the same level of coverage, both for limits and deductibles. Next, look carefully at all features. Basic liability, property, and medical policies tend to feature similar coverage, but differences may emerge among supplemental provisions.
If you have customized your car, need gap coverage, or are concerned with the elements of roadside assistance, take time to delve into details. On a broader level, consider the relative reputations and reviews of insurers, check out the company’s physical presence in your area, and see if any company will bundle other coverage you need (such as health, life, or renters insurance).
What determines the price of my premiums, and why is my friend paying less?
Even where basic coverage is consistent, costs can vary for each customer; there are no off-the-shelf prices. Premiums are determined individually by actuarial algorithms incorporating a wide range of factors.
You’ll notice that applications can get pretty intense and ask for detailed personal information (age, gender, occupation, marital status, driving record, credit score), vehicle information (make, model, mileage, year, color, VIN, safety features), and other demographic facts (mainly your ZIP code to check accident and criminal stats).