Auto and Car Insurance

Insurance quote too good to be true?

At present I have auto insurance from Geico, (which I had taken about an year and a half ago after comparing quotes from Liberty Mutual, AIG, Progressive etc.) On a friend's advice, I received insurance quotes from 21st Century and Ameriprise and to my disbelief, they are almost half of my current premium. It sounds too good to be true. so I am not jumping and switching. Is there any catch with these companies? I googled and did not find a lot of complaints against them. How can they offer the same coverage for half the price?

Public Comments

1. what's important is not how cheap it is, the important thing is how easy it is to file a claim.
2. Make sure that the lower quotes aren't for 6 month policies, where the Geico quote will be for a 12 month policy. It really could be as simple as that.
3. when i was doing car insurance quotes I had some quotes that were $200+, I ended up staying with my current company that is only charging $85 a month...so yea it is possible, just get everything in writing and make sure there aren't any hidden fees that they aren't telling you about
4. Make sure you are comparing apples to apples. Is this for the exact same coverage, on the exact same vehicle? Then there is customer service. Esurance, for example, has wonderful rates, but is horrible with claims.
5. Ok when an insurance company offers a quote that is better than other companies there are a lot of factors to look at. Are you getting the same coverage or are they giving you less coverage. example. Farm Bearu offers you 25/50/50 while state Farm offers 50/100/50 for the same price.....see in this scenario you would be better off with State Farm for better coverage and the same premium. Next you want to make sure you don't have any gaps.....your liability limit should be based on your assessts as insurance is there to protect your assessts in the event of an accident so decide how much you have in assessts then make sure the coverage is equal or a little more than that number. example emma has 20k in retirement, home, cars, boats, savins, ect she carries 25/50/50 on her insurace liability limits. Next you want to ask a representative about customer service and claims services. Sometimes premiums can be lowered because they don't have the customer service you need. Most companies have a local agent does this one? If not I always reccomend caution to my past present and future clients. Once you have determined that claims, customer service and coverage all match what you want then you can start a policy with the company. ****note some companies will only insure you if you have not had a claim and will non-renew you if you do have a claim or receive a citation!!!!***** Hope that Helps. Momma_Bear
6. I'm of the mind that if it sound to good to be true, it is to good to be true. It may be the only time they will allow you to make a claim is Feb 30th, but it may be on the level. Get all the information you can in writing then decide.
7. I bet if you run your details through this it's going to be cheaper still http://4ym8.com/CompareInsurance.html and you'll be wondering why even more :)
8. Has it occured to you that these companies might be charging a fair price while you have been ripped off paying double what you should have paid all these years?? Lol. gimme a break.