In fact, the average difference between the highest and lowest companies’ rates was in the neighborhood of $600. That’s a pretty healthy savings for making a couple of phone calls to insurance agents. Why do the rates vary so much? Each car insurance company looks at its own data from losses along with projections of futures losses. Additionally, the company’s marketing plans are a factor. For example, some companies only wish to insure people without tickets or accident involvement.

Some companies may offer discounts that are not available from another insurer. Whatever the reason, the message is clear. A consumer can save money — sometimes big money — just by checking the rates at a couple of different insurance agencies. Most agents are more than happy to discuss rates with you since this is an opportunity for them to earn your business. Remember, insurance agents are sales people — they want your business and are generally willing to do whatever they can to gain you as a client.