EverQuote Review: Save An Average $610 a Year on Car Insurance
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When was the last time you shopped around for auto insurance quotes? It’s recommended that you do it every 6 months or annually to see what lower prices are out there.
EverQuote makes it simple by providing a car insurance marketplace for people to compare car insurance quotes. They were founded in 2011 and partners with over 5,000 insurance agencies as well as serving millions of customers every month.
They utilize data and tech to match you specifically with insurance carriers and agents without being overwhelming.
On average, EverQuote saves drivers $610 a year compared to their current insurance premiums.*
- Fast, free, and no obligation
- One form instead of filling out multiple online quote requests
- A large variety of insurance types
- Works with reputable companies like AAA, Nationwide, State Farm, Progressive, and more
- Quotes/prices may not appear for every single company
It’s great for people who don’t want to deal with the hassle of going to car insurance companies separately to get a quote and re-filling out the same information each time.
How Does EverQuote Work?
EverQuote works as a “middle man” by having you fill out one simple form and then using their tech and data to match you with relevant carriers and agents from their network.
If you’re concerned about getting quotes from unknown carriers, know that their network contains reputable companies like AAA, Progressive, State Farm, Nationwide and more. With over 5,000 carriers and agents in their network, you’re bound to receive multiple quotes that work for your needs.
The marketplace is also fast, free, and most importantly, there’s no obligation. You’re not purchasing insurance from Everquote, you’re just getting a list of quotes from them.
By going through their marketplace, it takes the hassle out of researching multiple companies on your own as well as filling out the same form over and over again to compare the best quotes.
Compare affordable car insurance quotes fast
One site will match you among dozens of regional agencies and insurance carriers
It takes about 4 minutes to complete the form and see quotes
On average Everquote can save you $610 a year vs your current premium
Does EverQuote Cost Money? How Do They Make Money?
It’s free to use the marketplace to get car insurance quotes and there’s no pressure to buy or switch over to anything.
EverQuote, instead, makes money from the insurance providers. If you purchase a policy from one of their suggestions, then they get a referral fee payment.
With that said, some may think that they would only show providers that pay them out the most. However, when you fill out the form, you’re giving specifics of what you want in the policy and they’re simply just matching you to your needs.
Understanding Coverage
There can be a lot of confusing terms around car insurance along with multiple options to choose from. Here’s a quick breakdown of what you’ll generally need to decide on so you can understand your current and future policy:
Liability insurance: This is for injuries and property damage that you cause to others. So if your liability insurance is too low, you could be sued for damages your insurance doesn’t cover. So generally, the more assets you have, like a house and savings, the more liability insurance you should have.
Uninsured Motorist Coverage: If you’re hit by another driver that has no liability insurance, then this covers you and your passengers. This is needed because there are 32 million uninsured drivers on the road in the U.S.*
Comprehensive: This covers damages to your car caused by some nature (hail, flood, fire), falling objects, explosions, vandalism, or hitting an animal.
Collision: This covers damages to your car when you hit another car or an object (e.g. tree)
If your car is an older model, Comprehensive and Collision coverage may not be as important or worth it since the maximum claim payout, which is the value of the car if it’s totaled, would be low.
Personal Injury Protection (PIP) or MedPay: This covers medical bills for anyone in your car, regardless of whose fault it was. If you have good health insurance though, you may not need this.
Pro Tips
There are some factors on how insurance is priced and if you’re familiar with them, then you can save some money.
- Clean Driving Record: If you cause a car accident, this generates high rates. Drive safe and keep a clean record!
- Good Credit: Insurance companies take into account what your credit score is when deciding your premiums. Low credit scorers tend to claim more insurance.
- Discounts for Paying in Full: A lot of insurers will give discounts if you pay in full rather than in installments.
- Maintain Continuous Coverage: If you let a policy expire without canceling it, your rates will go higher when you buy your next policy. So don’t let a policy end without renewing it or switching to a different one.
Is EverQuote Right For You?
If you want to comparison shop auto insurance quotes easily without filling out multiple forms or going to individual companies, then EverQuote makes it simple to do so.
Since their service is free and you’re not pressured to buy anything, it’s good to look at potentially lower quotes even if you think your current coverage is fine.
See Also: What it Really Costs to Own a Car and How to Make Money to Pay for It
*32 million uninsured drivers in the U.S. – ValuePenguin
*EverQuote’s individual savings, if any, and premiums will vary by customer. Savings amount based on countrywide survey of users from Nov 2018 to Apr 2019 who reported old and new premiums.
