So what's so great about getting multiple insurance quotes? Because it's one of the greatest ways to save money on your insurance policies. By getting various different quotes from multiple insurance companies you expose yourself to much more possible savings than by not doing it.
The main principle behind getting more than one insurance quote is that insurance quotes are insurers way of competing for business. Just as if you were to have a construction project done you would not just call a company & ask them to build you a pool. You would notify multiple construction businesses telling them that you want to have a pool put in and that you would like to have them submit a bid.
Insurers work the same way as those construction companies. Their quotes are their bid for your business. That's why it's so important to ensure that you are getting multiple insurance quotes when you are trying to save money on your insurance premiums. It is how you maximize your chances at saving money.
But another good thing to know while shopping for insurance is that getting multiple quotes isn't the only way to save money. Insurance discounts also play a big role. You could very possibly save more money by using discounts than what your insurance quotes tell you you'll save. So it's very important to ensure that you are doing more than just getting multiple quotes if you're looking to save money. Spend some time doing a little bit of research and find out how to totally maximize your savings. That is what really goes into saving the absolute most on your insurance premiums.
Re: Saving Money by Getting Multiple Insurers Insurance Quotes
Hi Roger,
I agree, getting multiple quotes is always good. Most don't know that insurance is regulated by the individual states. For example when you get a health insurance quote in Michigan the rates may vary, but it is only because the plans are designed differently. They may have different copays or coinsurance. If the plans are identical, then the price must be the same are very close.
It's important to read the fine print when you decide on a plan. I have to disagree on insurers working like construction companies. Again because insurance is regulated, rates vary due to the design of the plan.
Thanks for posting, there was some good information.
Regards,
Billy
Re: Saving Money by Getting Multiple Insurers Insurance Quotes
When we have multiple quotes for a particular plan we can easily make the choice among them, and we also find the policy which suits our requirements.