When shopping for car insurance, there are various calculators you can use to estimate what rates might be. Some calculators can be found on individual insurer websites while third-party providers also offer them. Although these tools can help estimate car insurance premiums, you should always obtain quotes from multiple providers and ensure all information provided is accurate – for instance omitting recent accidents or leaving off teenage drivers can increase rates dramatically!
Car insurance companies calculate rates based on various factors, with driving record being one of the primary considerations. A history of accidents or violations will make you appear higher risk, leading to higher premiums than someone with a clean record would pay. Furthermore, choosing either minimum coverage (required by law) or full coverage such as collision and comprehensive policies could impact rates as well.
If you’re thinking about changing to a new insurer, an online car insurance calculator can be used to quickly estimate your rates and explore all of your available options. Plus, these tools allow you to see what discounts may exist that could reduce your rate further.
Some calculators only need basic information such as your age, gender and location to get you an estimate, while other may request more specific data such as driving record details or vehicle details. Some will even allow you to enter details regarding your credit score – although in certain states this practice has been banned for insurance rate calculations.
No matter if you’re just beginning your car insurance search or already have one in place, getting quotes from multiple insurers is the best way to find your rate. An average rate is only one consideration to keep in mind when shopping for car insurance; other aspects need to be taken into account such as your coverage needs, limits and desired deductible amount. For the best results, use a calculator that takes all these elements into account. Make sure to compare prices across several companies – you might be amazed by how much money can be saved by switching providers! NerdWallet’s car insurance calculator enables quick and easy comparison between top carriers – simply enter your zip code now to start saving!