When you’re in the market for a new insurance policy, it’s best to collect several quotes before you decide. Having quotes from 3-6 different insurance providers is enough to be confident that you’re getting the best offer you can.
Of course, if you’re entirely satisfied with the first quote you get, there’s nothing wrong with going for it.
When deciding between multiple quotes, most insurance customers focus only on the price. Price is certainly an important factor—you want to make sure you’re getting a fair deal—but make sure to analyze the coverage offered by each quote, too.
If one policy costs $10 more than another, but offers double the coverage, you may want to spend the extra $10. Or, perhaps the more expensive policy already includes coverage against a big-ticket peril – like earthquake, for example – unlike a less expensive policy that only offers earthquake as an optional add-on.