Auto insurance quotes are notoriously difficult to obtain, so I decided to do some research to see how much I could get for an estimate.
The first thing to do is determine the type of automobile insurance policy I need.
To do this, I used the Google Auto Insurance app on Android to find out the insurance company I would be paying for the car in question.
I then calculated how much the insurance would cost me in a few different ways: First, I calculated how many miles I would have to drive to the nearest AAA office for an auto insurance quote.
Next, I determined how many months of coverage I would need for the policy to pay out.
Finally, I multiplied the total of the quotes I received for the same policy by how much my vehicle would cost to insure.
In total, I was looking at a total of $18 for an insurance quote and $50 for monthly coverage.
Now that I had my car in hand, I could calculate how much to pay per mile.
Since I had just bought the car, I assumed I would receive a quote from the auto insurance company that was the same as the one I had received from my insurer, or more.
This is where it gets tricky.
Before I go any further, I should point out that I have no way of knowing what the average cost of an insurance policy is in your state.
So, when I used Google to find the cheapest quotes, it didn’t show that the average was anywhere near the amount I was paying.
Luckily, this is only a guess.
If the average is much higher than the average, then the insurance companies could be pricing you more aggressively than you would think.
But it could also mean that the insurance premiums aren’t as good as they could be.
And it could mean that there are lots of cars on the road that are in high demand, meaning that the policies aren’t being offered at the lowest possible prices.
There are a number of ways to try and figure out the average price for a policy.
For example, I looked at insurance quotes for a car that had just been purchased, and the average auto insurance rates I found were about $7,000.
Using Google Auto Insurers, I then calculated the average monthly premium that would have cost me a similar amount.
From this, the next step was to figure out how much additional insurance I needed to pay.
While I was calculating the average per-mile cost of my auto insurance, I also needed to calculate how many additional miles I had to drive in order to receive a lower premium.
By using Google Autoinsurance, I found that the cheapest auto insurance for this car was $7 a mile.
This would leave me with a monthly payment of about $30.
At this point, it’s time to figure how much extra insurance I would want to pay to get the same amount of miles.
That’s where the other method comes in.
When I looked into the average rates for the various types of insurance, the cheapest was $2,000 a month.
Again, the higher the average rate, the more I needed for additional insurance.
With the average in mind, I would then want to go into the monthly insurance payment and estimate how much more I could pay per month.
This was done by using Google Insurers auto insurance rate calculator.
Then, I went back and calculated how long I would actually have to pay for each additional mile that I would drive.
Based on my estimate, I estimated that my monthly payment would be about $80 per month, or about $9,200 a year.
As I was completing this, Google AutoInsurance told me that it was going to be very difficult to find insurance for my car.
It would be expensive to drive, and it would require frequent visits to the doctor.
Google Insurers was willing to take the risk and offer a better deal than what I was receiving from my insurance company.
Hopefully, you can see the value of the Google Insurance app in your future auto insurance purchases.
Do you know a better way to determine the cost of a car insurance policy?
Let us know in the comments below.