It might be tempting to save money on car insurance by just not getting it, but basically, every state in the U.S. requires you to have it. The only exception is New Hampshire, but drivers there have to be ready to pony up a hefty amount (we’re talking up to $25,000 in property damage and $50,000 for liability!) if they cause an accident. Virginia also has a unique exception where you can pay the state $500 a year instead of car insurance but you’d still be responsible for any damages in an accident.
Otherwise, if you’re caught without car insurance, then these can occur:
- Drivers license get revoked
- Jail time
- Points on your license
- Vehicle impounded
It varies from state to state. And in some cases, if you’re the one that got hurt in a car accident, you might have to pay for the other party’s damages even if it wasn’t your fault because you were uninsured.
So long story, short you need car insurance. And you need to make sure you’re not overpaying for it.
Get Quotes Regularly
It’s recommended to do an auto quote check every 6 months or a year as prices can change.
EverQuote makes it simple with their car insurance marketplace to compare car insurance quotes. Founded in 2011, they partner with over 5,000 insurance agencies as well as serving millions of customers every month.
It’s not overwhelming at all since they utilize data and tech to match you specifically with insurance carriers and agents.
On average, EverQuote saves drivers $610 a year compared to their current insurance premiums.* That’s money you can use toward a road trip, new gadgets, whatever!
- 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 you know and trust
- 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 the “middle person” 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.
And it’s not just from unknown carriers since their network contains all of the top national carriers you know and trust. With over 5,000 carriers and agents in their network, you’ll get multiple quotes that work for your needs.
The marketplace is also fast, free, and most importantly, there’s no obligation. Don’t see what you like? Don’t get it. 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 competitive 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.
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.
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.
- Savings for Paying in Full: A lot of insurers will give more savings 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 compare and shop auto insurance quotes easily without filling out the same form over and over at different agencies, then EverQuote makes it really easy.
Their service is free and you’re not pressured to buy anything. It’s also a good idea to look even if you think your current coverage is fine! Check it out because you may be overpaying without even knowing it.
Sources: Bankrate.com & CarAndDriver.com
*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.