It's common for people to search for cheap auto insurance like any other shopping deal. The difference in shopping for car insurance is you are buying protection for a possible occurrence in the future. When you shop for other products, you are buying something tangible. This doesn't make insurance any less valuable. In fact, you can purchase up to half a million dollars worth of insurance protection for a fraction of what it is worth.
When you buy a product, you typically are paying for the retail price, or a bargain price if you get it from a warehouse, thrift store, or rummage sale. It would be very rare for you to buy an item worth a half million dollars for a fraction of the value.
It might be tempting to snatch up a discounted price for cheap auto insurance if you happened across a great online quote or quote over the phone. Don't be blinded by the low price. Make sure you are doing a close comparison of your coverage so your cheap auto insurance price reflects the same protection as your current policy.
You might get a $100 per month savings on a quote. But cheap auto insurance won't count for much if you are taking a full protection policy with collision and uninsured motorists coverage down to half the amount of liability and no collision or uninsured protection. It is not worth the difference. In fact, if you were to call your current company and match the coverage to your quote, you would probably see the same kind of reduction.
Shopping car insurance is a smart move especially if you are paying too high of a premium. Just don't fall for a pretty price without first understanding what you are purchasing that is so different from your current coverage. It's a worn out phrase, but it is still worth repeating...you want to compare apples to apples, not apples to oranges.
Everyone wants cheap auto insurance, but you don't want such cheap insurance you have to worry every time you get behind the wheel of your car. Better protection for better peace of mind is worth a lot, too. If you get a great quote on car insurance, great! Just be sure you are receiving the same protection and peace of mind you were paying for previously.
