What is the difference between a car insurance estimate and a quote?

Q: What is the difference between a Colorado car insurance quote and a car insurance quote? Are they the same thing? Thanks for making it clear.

A: Actually, there is a little difference between the two, as you probably suspected. A Colorado auto insurance estimate is a firm offer that the company will sell you an insurance policy at a certain rate for a certain period of time.

An estimate, on the other hand, is just that. The agent takes a quick look at your information and gives you a figure. This is not a binding offer and, in fact, may increase by hundreds of dollars as the agent takes a closer look at your situation. Look on the bright side, sometimes the quote will be less than the actual cost.

When you receive a price from an agent, be sure to ask if that is the quote or the estimated cost. Knowing the difference will save you a lot of hassle in the end.

With that said; Getting a Colorado auto insurance quote is still a very good idea. By getting a couple of estimates, you can compare the basic costs of insurance policies without going through a lengthy and time-consuming process.

Last but not least, we want to emphasize the point of comparing quotes from several different auto insurance providers before making a decision. Some good old comparative purchases will not only ensure that you get the best price on your new policy, but you will also receive better coverage.