Four Myths About Obtaining Multiple Auto Insurance Quotes To Ignore
When it comes to auto insurance, the first step in the process of securing a policy is obtaining a quote. A quote gives you just about all the information you need about the policy, including coverage and cost details. However, while a helpful tool, some people shy away from the idea of getting multiple quotes based on false information. If you need to update or add coverage, learn more about some of the myths you want to ignore.
Your Credit Score Will Decline
One of the top myths is the idea that obtaining more than one quote will cause your credit score to drop. Part of the momentum behind this myth has to do with the fact that insurance companies typically check the credit history of the applicant during the quote process. While this part is accurate, the review does not impact your credit in the same way that a credit card application would, so there is no need to worry.
Your Current Coverage Will Drop You
Some people are also afraid that their current insurance company will find out about the request for a quote from another insurance company and drop their coverage. However, this is an outcome you do not have to worry about. Your insurance company does not have to be privy to this information. Even if you decide to share it with them, there is nothing they can do to legally terminate your policy based on this information.
You Will Get Inaccurate Information
You should also ignore anyone that tells you the information you receive in the quote is inaccurate. Typically, the price and other information you receive at the end of the quote application are final. The only way there is a change is if the applicant does not submit accurate information, such as not being forthcoming about any speeding violations or accidents. Tell the truth and you will be fine.
There Is a Commitment Required
It is okay to get as many quotes as you would like, as there is no commitment required. A quote is nothing more than a request for information, or an inquiry. The insurance company is not obligated to extend coverage to you, and you are not obligated to sign up for a policy with the company based on the information they provide. You can get a quote and decide to walk away without any worry.
Remember, not only is obtaining more than one quote okay, it is a welcomed practice. Make sure you collect all the information you need to make the most informed decision. Talk to an insurance agent to get an insurance quote.
