Motor Insurance Quotes – Are Motor Insurance Quotes legally binding?

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Q: Are motor insurance quote I get from insurance mandatory? If so, how long?

A: The answer is yes and no. Let us explain. If you get motor insurance quotes from insurance company – it is a price they are going to charge you. However, they are not legally obliged to quote you the same price if you call them back three days later.

It is likely that you will get the same quote from the same company granted no events from when you first got the quote, but just because it probably does not mean that the company is obliged to stick to the previous quote.

A good way to find out how long the quoted rate is good for is to ask the agent or representative who gives you a quote. Be wary of the hard sell at this point, however, the agent is going to realize that you will have to request quotes from other companies.

Motor insurance quotes are likely to change suddenly due to changes in the market, new insurance legislation, or driving violations that may have occurred. To avoid this we recommend doing all the shopping insurance company of one or two-day span. This will ensure that you get the price that was quoted to you.

Finally, we strongly recommend that you take a serious comparison shopping when it comes to finding the best deal on auto insurance. While it may sound like common sense, there are many drivers who do not take the time to compare quotes from different companies and end up overpaying for their coverage as a result.

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Source by David Ackland

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