Save money on insurance
I’ve been with State Farm insurance for more than 23 years and I’ve even had the same agent. While I would consider myself very loyal to them, I still get quotes from other insurance companies just to make sure I’m still getting the best deal. Insurance is expensive, but fortunately also a very competitive industry. As with anything, it can pay to shop around.
A number of web-sites have emerged on the web that allow you to comparison shop your insurance. Once such company that I decided to try out is 01Insurance.com. 01Insurance states that they work with The Hartford, MetLife, Interboro Insurance, Travelers, Progressive, AIG, and GMAC Insurance.
Requesting a Quote
Receiving a quote was easy and only takes a few minutes. You begin by selecting the type of insurance quote you’re interested in: Auto, Home, Business or Commercial Auto or Truck followed by your zip code.
Additional screens ask you for information about your current coverage and the type of coverage you would like a comparison of.
Once you’ve completed the requested information, you are sent an email indicating you’ve been matched with local insurance providers in your area that will call you to provide quotes. This is where the service surprised me a little, as I was under the impression I would receive my quotes via email. That is not how 01insurance.com works. The system matches you up with local insurance agents in your area that will develop a quote for you and call you to provide the quote.
After reading over the sites information a little, I can understand why they do this. Insurance quotes are difficult to compare apples to apples and rates depend on the area you live in. To provide more accurate quotes, 01insurance relies on your local agent to provide the quote.
01Insurance.com utilizes Netquote’s services under the covers and Netquote is whom you will receive your emails from, so don’t be surprised.
Due to me living in a rural area, only one agent from Allstate was on my list of “matched agents”. What was interesting about this was that AllState wasn’t on the list of insurance companies 01insurance.com listed. I didn’t have an issue with this, as the more replies I received the better, I just found it odd. I would suspect this is due to 01insurance using Netquote as a service provider.
The agent called the next day, verified my information and provided me with a quote. As usual, it was higher than my current State Farm rates. The agent was friendly and not pushy at all. I was hoping for my agent responses, but would suspect if you live in a more populated area you will receive far more agent matches than I did.
I would suggest shopping around for insurance every 6 months to a year. In my case since I’ve been with the same company for so long and have all of my insurance with them, the rates are tough for competitors to beat due to the large discounts I receive. Regardless though I still shop. A little time spent could be worth it if I saved a few hundred dollars a year.
If you are intersted in shoppoing around for competetive rates on your insurance, I’d suggest you give 01insurance.com a try. My experience with them was really good and so far to spam email, no junk mail, and no harrasing phone calls. That’s always a good thing in my book. I’m not entirely convinced they aren’t just a wrapper around Netquote, but since the service delivered what they promised, I’m ok with that.
How about you? Do you insurance shop? How do you go about comparing rates? Do you use an online comparison site?