{"id":2669,"date":"2011-08-16T10:15:46","date_gmt":"2011-08-16T17:15:46","guid":{"rendered":"https:\/\/blog.answerfinancial.com\/?p=2669"},"modified":"2020-01-21T15:03:03","modified_gmt":"2020-01-21T23:03:03","slug":"why-insurance-companies-offer-competitors-rates-and-why-its-great-for-you","status":"publish","type":"post","link":"https:\/\/blog.answerfinancial.com\/why-insurance-companies-offer-competitors-rates-and-why-its-great-for-you\/","title":{"rendered":"Why car insurance companies offer competitors&#8217; rates &#8211; and why it&#8217;s great for you"},"content":{"rendered":"<p>If you&#8217;ve ever shopped for insurance online, you may have noticed that certain car insurance companies also reveal quotes, or at least estimates, from some of their leading competitors. Sometimes these quotes are even less expensive than their own. Naturally, you might ask yourself, &#8220;Why would they be showing me quotes from competitors?&#8221; Well, the answer is simple: effective quoting technology provides an enhanced customer service experience (and a great marketing angle too!)<\/p>\n<p>By showing you quotes from other companies based on the information you provide, insurance companies\u00a0can save you time from searching, as well as quite possibly, money. Also, by revealing\u00a0a competitor&#8217;s rate,\u00a0companies are able to validate\u00a0the competitive nature of their quote (and may in fact be the lowest rate offered).<\/p>\n<p>Different insurance companies price their products uniquely for different types of customers. While rates are regulated at the state level, insurance companies have some leeway in how they set their rates based on internal historical data showing how risky various customer segments might be.\u00a0They typically charge higher prices for\u00a0customers they feel are likely to cost them more in the long run to insure. For example, depending on the policy, some insurance companies\u00a0will offer\u00a0lower rates to customers with more driving experience &#8211; some give discounts to homeowners, others certain professions. Rather than pigeonhole yourself into a single rate with a single company, comparison shopping can offer you a variety of options.<\/p>\n<p>Some car insurance companies reveal quotes from competitors, but they do not help you purchase one of those policies (by linking off and passing the information you&#8217;ve already painstakingly submitted). If you decide to pursue a competitor&#8217;s quote, therefore, you&#8217;ll have to navigate to a separate website and start all over from the beginning.<\/p>\n<p>So the next time you see an insurance website offer you quotes from its competitors, remember that it&#8217;s in your best interests to take a good look at those quotes. Just be aware that unless you are on <a href=\"http:\/\/www.esurance.com\" target=\"_blank\" rel=\"noopener noreferrer\">Esurance.com <\/a>or <a href=\"http:\/\/www.answerfinancial.com\" target=\"_blank\" rel=\"noopener noreferrer\">AnswerFinancial.com<\/a>, you are probably going to have to re-enter all of your information\u00a0during the checkout process.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you&#8217;ve ever shopped for insurance online, you may have noticed that certain car insurance companies also reveal quotes, or at least estimates, from some of their leading competitors. Sometimes these quotes are even less expensive than their own. Naturally, you might ask yourself, &#8220;Why would they be showing me quotes from competitors?&#8221; Well, the&hellip;<\/p>\n","protected":false},"author":22,"featured_media":2906,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[422],"tags":[119],"class_list":["post-2669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-auto","tag-auto-insurance-2"],"ic_custom":{"author_name":"AnswerFinancial","medium_thumbnail":"<img width=\"290\" height=\"300\" src=\"https:\/\/blog.answerfinancial.com\/wp-content\/uploads\/2011\/08\/Blog_Compare_310_2-290x300.jpg\" class=\"attachment-medium size-medium wp-post-image\" alt=\"Quotes Presented ad banner\" decoding=\"async\" loading=\"lazy\" srcset=\"https:\/\/blog.answerfinancial.com\/wp-content\/uploads\/2011\/08\/Blog_Compare_310_2-290x300.jpg 290w, https:\/\/blog.answerfinancial.com\/wp-content\/uploads\/2011\/08\/Blog_Compare_310_2.jpg 310w\" sizes=\"auto, (max-width: 290px) 100vw, 290px\" \/>","author_link":"https:\/\/blog.answerfinancial.com\/author\/answerfinancial\/"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>Why car insurance companies offer competitors&#039; rates<\/title>\r\n<meta name=\"description\" content=\"Car insurance companies offer competitors&#039; rates because it&#039;s good for you, and for their own bottom line.\" \/>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/blog.answerfinancial.com\/why-insurance-companies-offer-competitors-rates-and-why-its-great-for-you\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Why car insurance companies offer competitors&#039; rates\" \/>\r\n<meta property=\"og:description\" content=\"Car insurance companies offer competitors&#039; rates because it&#039;s good for you, and for their own bottom line.\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/blog.answerfinancial.com\/why-insurance-companies-offer-competitors-rates-and-why-its-great-for-you\/\" \/>\r\n<meta property=\"og:site_name\" content=\"Answer Financial\" \/>\r\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AnswerFinancial\/\" \/>\r\n<meta property=\"article:published_time\" content=\"2011-08-16T17:15:46+00:00\" \/>\r\n<meta property=\"article:modified_time\" content=\"2020-01-21T23:03:03+00:00\" \/>\r\n<meta property=\"og:image\" content=\"https:\/\/blog.answerfinancial.com\/wp-content\/uploads\/2011\/08\/Blog_Compare_310_2.jpg\" \/>\r\n\t<meta property=\"og:image:width\" content=\"310\" \/>\r\n\t<meta property=\"og:image:height\" content=\"320\" \/>\r\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\r\n<meta name=\"author\" content=\"AnswerFinancial\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:creator\" content=\"@answerfinancial\" \/>\r\n<meta name=\"twitter:site\" content=\"@answerfinancial\" \/>\r\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"AnswerFinancial\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\r\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Why car insurance companies offer competitors' rates","description":"Car insurance companies offer competitors' rates because it's good for you, and for their own bottom line.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/blog.answerfinancial.com\/why-insurance-companies-offer-competitors-rates-and-why-its-great-for-you\/","og_locale":"en_US","og_type":"article","og_title":"Why car insurance companies offer competitors' rates","og_description":"Car insurance companies offer competitors' rates because it's good for you, and for their own bottom line.","og_url":"https:\/\/blog.answerfinancial.com\/why-insurance-companies-offer-competitors-rates-and-why-its-great-for-you\/","og_site_name":"Answer Financial","article_publisher":"https:\/\/www.facebook.com\/AnswerFinancial\/","article_published_time":"2011-08-16T17:15:46+00:00","article_modified_time":"2020-01-21T23:03:03+00:00","og_image":[{"width":310,"height":320,"url":"https:\/\/blog.answerfinancial.com\/wp-content\/uploads\/2011\/08\/Blog_Compare_310_2.jpg","type":"image\/jpeg"}],"author":"AnswerFinancial","twitter_card":"summary_large_image","twitter_creator":"@answerfinancial","twitter_site":"@answerfinancial","twitter_misc":{"Written by":"AnswerFinancial","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/blog.answerfinancial.com\/why-insurance-companies-offer-competitors-rates-and-why-its-great-for-you\/#article","isPartOf":{"@id":"https:\/\/blog.answerfinancial.com\/why-insurance-companies-offer-competitors-rates-and-why-its-great-for-you\/"},"author":{"name":"AnswerFinancial","@id":"https:\/\/blog.answerfinancial.com\/#\/schema\/person\/f59247ad803c34d5368393120a82e54f"},"headline":"Why car insurance companies offer competitors&#8217; 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