Comparenow.com Explains Why Consumers Are Paying Too Much for Car Insurance - Tucson News Now

Comparenow.com Explains Why Consumers Are Paying Too Much for Car Insurance

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Big auto insurance companies have trained you to search for them instead of comparing different auto insurance rates and that's costing consumers money.

Richmond, VA (PRWEB) July 17, 2014

Most Americans will start their search for cheaper car insurance onlineprobably with a Google search, according to the numbers. Most of these searches will contain a brand name and because thats the case, most of us are paying more for car insurance.

If you search for GEICO auto insurance, you know what shows up in the search results? GEICO auto insurancewith very few exceptions. If that is what you search for and that is what your search turns up, statistics show that will be the brand of insurance you are most likely to buy. But that doesnt mean that its the right insurance coverage for you.

Chances are you can only name most of the insurance companies who advertise on TV. Thats roughly 8 to 10 insurance companies out of the approximately 400 auto insurance companies in the U.S. Its not probable that out of 400 car insurance companies, one of those 8 insurers that advertise on TV can offer you the lowest price.

A study by finance website NerdWallet.com has shown that auto insurance comparison is the best way for drivers to save money on their car insurance premiums, with potential savings of up to 32% per year. The same study states that most drivers overpay by about $368 every year. The findings are further supported by a study conducted by J.D. Power. Auto insurance comparison can change that. You can see the value of one policy versus another when you take the same amount of coverage for the same drivers and vehicles in the same zip code and put them side by side. The problem with that is that up until now, thats required a lot of work on the customers part.

To compare car insurance the old-fashioned way, youd have to pick a handful of insurance companies and get a quote from each and every one. Youd have to fill out all of their forms, making sure you put in identical information for each one, and then youd be able to compare prices. Its painstaking, time-consuming work and most people dont want to do itbut its costing them.

There are many websites out there that claim to offer true comparison, but they are really just a referral service. The quotes are estimates and again, youll have to complete the form all over again once you decide to buy. Whats worsemany of these sites sell your personal information to insurance companies and that leads to dinner-time phone calls and a never-ending supply of junk mail.

Consumers should seek real, un-biased, binding quotes for auto insurance through true auto insurance comparison. Comparenow.com makes finding the best available rates on car insurance easy by letting you fill out a single form in order to get multiple quotes from trusted auto insurers. Once you've found the best quote for you, you can purchase your policy direct from your chosen insurer.

Comparenow.com CEO Andrew Rose recommends getting at least four car insurance quotes to ensure you are getting the right price. Many people pay much higher rates on car insurance than they should because they havent gotten a quote from at least four insurance companies. said Rose I recognize that many people dont have the energy or time to visit multiple sites and answer the same long list of questions over and over again. Thats why we built comparenow.com - to have you fill out one form and receive multiple quotes for side-by-side comparison. Whether you are visiting comparenow.com or multiple individual insurance company sites, do your homework. The savings are worth it".

Comparison is how you get the best price and save money on many products and services you buy and this is especially true for car insurance. Brand loyalty doesnt do you any favors if you are trying to avoid overpaying for your auto insurance.

ABOUT COMPARENOW.COM
Comparenow.com is a limited liability corporation headquartered in Richmond, VA. Majority owned by the Admiral Group plc, the UKs second largest auto insurer and a member of the FTSE 100, comparenow.com offers car insurance comparison services for US consumers.

For the original version on PRWeb visit: http://www.prweb.com/releases/2014/07/prweb12022537.htm

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