You know that having insurance is important, but it can be pricey sometimes.
If you want to save money on insurance, one of the best things you can do is shop around, getting different quotes. As you might expect, one of the best ways to shop around is to use the Internet to your advantage.
There are a number of web sites that will provide you with online life insurance quotes for free. However, before you begin, you should know what you will need to get your free insurance quote online.
Information You Need for a Free Insurance Quote Online
Because insurance rates vary by ZIP code, you will need to enter your location before you begin. Each type of insurance requires different information to complete your quote. If you are looking for auto insurance quotes, you will need to provide information about your car, and how it is used. You will also need to offer information about drivers, including ages and accidents.
Other types of insurance quotes require other pieces of information that can help the quote generator get a better idea of what sort of risk you represent. For life insurance, your age and general state of health will be asked for, for homeowner's insurance, companies want to know about your home and claims made on previous insurance. Health insurance quotes usually include a questionnaire about past health problems, as well as current health habits (such as tobacco use).
You might also be asked for your Social Security number. Realize that some insurance companies run a credit check before offering you a quote. Your credit score can influence how much you pay in insurance premiums.
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Contact from a Representative
In some cases, you might be contacted by a representative. Some online insurance quote web sites are little more than lead generators for insurance agents. As a result, you will get an email or a call about your quote. Before submitting all of your information, it can be a good idea to double check to see what the policy is for the site with regard to contacting you. You want to receive the quote immediately — not have the quote delivered to you by an insurance salesperson.
Editor's Note: I experimented with this when I was doing research with my mortgage protection life insurance post. Within minutes of submitting my request, my phone rang with a local insurance agent attempting to make sale.
If possible, try to use an aggregator. These web sites offer quotes from multiple web sites. This way, you can compare prices and coverages before making your decision. Eventually, though, there is a good change you will have to connect with an agent to finalize the policy, and the payment method.
Your Final Premium
Of course, it is important to realize that the free quote you receive online may not be the premium you end up paying. In many cases, your free online insurance quote will be followed up by a verification of information you have already given, as well as more questions. In the case of life insurance or health insurance, you might be required to provide a blood sample and a urine sample for testing. Some companies will send a nurse to your home to take your samples, and to record your blood pressure and weight. Only after all of this extra information is gathered will your final premium be set, and payment set up.