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New tool shows considerable cost variability between different makes and models
SAN FRANCISCO, May 21, 2014 /PRNewswire/ -- insuranceQuotes.com has released a new car insurance rate comparison calculator that enables consumers to compare the insurance costs of different cars by year, make and model:
The tool ("Car vs. Car: Insurance Comparison Shopping Tool," in the right sidebar) is fully customizable by age, gender, marital status and zip code. For example:
"One of the biggest mistakes consumers make when shopping for a new car is not considering the insurance costs," said Laura Adams, insuranceQuotes.com's senior analyst. "Nearly seven in 10 Americans say it is important to know insurance costs before buying a car, yet only three in 10 actually get an insurance quote before car shopping."
Sample insurance premiums are for a 40-year-old married woman living in Chicago (ZIP code 60640).
The consumer shopping habits statistics came from a survey conducted by Princeton Survey Research Associates International. PSRAI obtained telephone interviews with a nationally representative sample of 1,010 adults living in the continental United States. Interviews were conducted by landline (510) and cell phone (500, including 280 without a landline phone) in English and Spanish by Princeton Data Source from April 3-6, 2014. Statistical results are weighted to correct known demographic discrepancies. The margin of sampling error for the complete set of weighted data is plus or minus 3.5 percentage points.
insuranceQuotes.com provides consumers with a free, easy way to shop for and compare insurance quotes online, and delivers information about auto, home, health and life insurance and other types of insurance.
insuranceQuotes.com is part of Bankrate Insurance. Other Bankrate Insurance companies include NetQuote.com and InsureMe.com.
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Publicist, Bankrate, Inc.
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