CarInsurance.com Offers User Friendly Auto Insurance Estimator Tool

Rhea-AI Summary

CarInsurance.com has launched a user-friendly auto insurance estimator tool designed to help drivers estimate their insurance costs based on personal profiles. The tool allows users to compare rates without providing contact information. Key factors influencing insurance rates include vehicle type, experience, marital status, driving record, and mileage. For example, average insurance costs vary significantly by vehicle, with Teslas averaging $2,917. The estimator is part of a suite of resources aimed at helping consumers navigate auto insurance more effectively.

Positive

• Launch of a user-friendly auto insurance estimator tool to help consumers estimate insurance costs.
• Allows users to compare rates without sharing contact information, enhancing user experience.
• Comprehensive coverage of factors affecting insurance rates, providing valuable insights to consumers.

Negative

• None.

FOSTER CITY, Calif., June 8, 2021 /PRNewswire/ -- Finding the right car insurance, and knowing how much to buy, can be a confusing process for many drivers. To simplify this process, CarInsurance.com, a one-stop destination for unbiased, expert advice on car insurance, shares an auto insurance estimator tool that gives drivers baseline costs calculated from their specific profile.

The car insurance estimator is available here: Car Insurance Estimator - How to estimate car insurance in 2021.  

"We designed our car insurance estimator with a goal of making it easy to conduct research into potential policy rates," explains CarInsurance editorial director Michelle Megna. "In five simple steps, drivers can get estimated auto insurance rates for three coverage levels, based on their personal profile. Consumers can compare rates as often as they like, with no need to share their contact information."

Factors affecting insurance rates

CarInsurance outlines common factors that can impact the amount drivers pay for insurance.

Type of car.  Insurance companies charge based on the type of car drivers have and the average rates by vehicle in 2021 were:

• Vans; $1,443
• Trucks; $1,684
• SUVs; $1,729
• Tesla Model 3; $2,917
• Teslas (all models): $2,838
• Cars; $2,164
• Convertibles; $2,427

Experience. Many parents add teenage drivers to their policy and CarInsurance data shows this can lead to significant rate hikes. Gender at this early age can also affect rates. Adding a 16-year-old girl to a policy can increase car insurance by 125% ($1,872) on average annually, while adding a 16-year-old boy can hike rates by 160% ($2,292).

Marital status. Married couples can save 8% to 15% on their car insurance policies, as well as receive discounts when they combine their policies.

Driving record. Both major and minor violations can affect the cost of insurance. Drivers who have minor violations, like speeding tickets, can see rate increases of 20% to 43% and those with major violations, such as DUIs, can receive at least 80% rate hikes.

Mileage. Since driving less means people have a lower risk of being in an accident, mileage plays a role in how much insurance companies charge. CarInsurance finds that commuters who drive less than 15 miles each way can save 8% on average.

The CarInsurance estimator is user friendly, accurate, and fast and is part of a suite of valuable calculators that can help drivers navigate auto insurance, including getting the right amount of coverage, understanding average rates for used car insurance and assessing premiums by ZIP code.

Megna is available to answer questions about the estimator and elaborate on recommend how consumers can take advantage of a combination of tools to save on car insurance rates.

About CarInsurance
CarInsurance is owned and operated by QuinStreet, Inc. (Nasdaq: QNST), a leader in providing performance marketplace technologies and services to the financial services and home services industries. QuinStreet is a pioneer in delivering online marketplace solutions to match searchers with brands in digital media. The company is committed to providing consumers with the information and tools they need to research, find and select the products and brands that meet their needs. CarInsurance is a member of QuinStreet's expert research and publishing division.

CarInsurance is a one-stop online destination for car insurance information, providing unbiased, expert advice on how to shop for insurance plans, what consumers should pay and what coverage they can get from a policy. Since 2003, CarInsurance.com has been educating consumers through its breadth of expert content, tools, and in-depth studies to help site visitors make informed decisions about their car insurance.

Twitter: @carinsurance
Facebook: www.facebook.com/carinsurance/ 
Media contact
Jacqueline Leppla
Senior Director of Public Relations

Direct +1 775 321 3608
Cell +1 775 842 9048 
Email: jleppla@quinstreet.com 
LinkedIn

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SOURCE CarInsurance.com

FAQ

What is the new feature offered by CarInsurance.com?

CarInsurance.com has launched an auto insurance estimator tool that helps drivers estimate their insurance costs based on their personal profiles.

How does the auto insurance estimator tool work?

The estimator allows users to input their details and receive estimated insurance rates for three coverage levels without sharing their contact information.

What factors affect car insurance rates according to CarInsurance.com?

Factors include type of car, experience, marital status, driving record, and mileage.

What are the average insurance costs for different vehicle types?

For 2021, average insurance costs are $1,443 for vans, $1,684 for trucks, $1,729 for SUVs, and $2,917 for Tesla Model 3.

How much can marital status impact car insurance rates?

Married couples can save between 8% to 15% on their car insurance policies.