Paying too much for car insurance
RICHMOND, VA (WWBT) - It's a product both buyer and seller hope you never have to use: car insurance... but how do you know if you're getting the best deal?
Pam Davis was shocked when she open her car insurance renewal.
"It went up significantly. [I] don't know [why]. I didn't have any tickets," she said.
Pam's 15-year-old daughter, Taylor, will get her license this year, jacking her rate up even more. She turned to the internet to find a better deal, but soon she realized it wasn't as easy as she thought.
"Every time you went into a site, you had to put in every single piece of information on every website, then I started getting bombarded by emails and phone calls," Pam said.
After going through the hassle, Pam remembered a triathlon sponsor she thought might help. The company is compare.com and is specifically created to make this process easier on the customer.
"Go to one place, enter your information and get a bunch of rates back. Then you will actually know who can save you money or if you've got the right insurer now," said Andrew Rose, CEO of Comparenow.com.
Located in Glen Allen, comparenow.com offers customers several unbiased quotes. Based on a successful European model, Andrew rose knew it could help consumers in Virginia.
"There are people that can save, $50, $100 and in some cases, a couple hundred dollars a month," he told us.
Pam appreciated the simplicity. She got the two best quotes, tweaked some of the coverage and signed on with her new auto insurer.
"I saved at least $30 a month, which was phenomenal over where I was going to be. You add that up over a year, that's a lot of money," Pam said. "That's money back in my pocket that I'm going to need for other things. It's big."
Comparenow.com has all the big insurers you're used to seeing, but it also includes smaller firms that don't spend money on advertising. Those carriers often pass the savings onto you.
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