Finding new insurance can sometimes be tricky, especially if you’re completely new to the process. When you’re shopping, you are searching for an insurance policy that both covers what you need and is within budget. This is where insurance quotes come into play. They are a crucial part when it comes to shopping for a policy that is right for you. Luckily, isure has everything you need to know when it comes to insurance quotes.
What is a quote?
An insurance quote is an estimate of what a company will charge you for your new policy. Gathering quotes from multiple insurers is a standard first step when it comes to shopping for new insurance. Each quote will provide you with your coverage if you go through with purchasing.
What is the process of getting a quote?
The process for determining your quote will differ with each insurance provider. Each provider will factor in different details when it comes to building you a premium, which is why shopping around is so important. Different questions will be asked, and it’s important to keep in mind that not every insurer will offer the same coverage.
What is included in an insurance quote?
As mentioned above, different coverage will be provided depending on the insurance company you are inquiring with. However, once you receive a quote, the information on it will typically list the same basic information. Remember to refer to our list of common insurance terms in order to fully understand what is listed in your insurance quote. Your average quote will include:
- Coverage: How much your insurance company will cover you in the event of a claim.
- Deductible: How much they will expect you to pay up front, before the rest of your claim is covered.
- Covered assets: What your insurance policy will cover.
- Covered claims: What types of claims your insurance policy will cover.
- Premium: This is how much your policy will cost per month (or annually).
It is important to keep in mind that your quote will not be your full policy breakdown. It is better to think about your quote as a summary. Your full insurance policy will be a document that will discuss your insurance details in greater detail.
What information is needed?
Depending on what type of insurance quote you are looking to obtain, you will need to have a few things on hand. Regardless of what type of quote you are looking to get, you should have some identification on hand. If the insurance company you are inquiring with has a fee attached to quotes, remember to have a payment method at the ready. No matter which type of insurance you are inquiring about, isure has you covered with the necessary documents below:
Home insurance quotes
When inquiring about a home insurance policy, you should make sure to have your home address, mortgage lender and insurance history available. When it comes to the details about your home, you should be prepared to supply the following information:
- The year your home was built
- What the exterior is made out of (ex. brick, stone, vinyl)
- The main heating system (ex. electric, gas)
- The square footage
- What type of roof you have and when it was last replaced
Car insurance quotes
When it comes to inquiring about a car insurance quote, you should make sure to have your insurance history and drivers licence and registration with you. On top of this, you should make sure to have your driving history on hand, making sure to include any driving tickets or claims. Make sure to have the following information available:
- Your driver’s licence number
- Your Vehicle Information Number (VIN), as well as the year, make and model of your vehicle
- The name and address of your leasing company
- The name and address of the registered owner
- Name and address of finance or leasing company (if applicable)
Remember, choosing an insurance policy that is right for you can sometimes be a difficult feat. However, when you request a quote with isure, you can have comfort knowing that you will have access to some of the cheapest premiums available.
