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QuestionInsurance Question  What is the difference between a quote and a quotation?

AnswerAuto Insurance Answer

There is no difference between a quote and a quotation for auto insurance.

A quotation for insurance is simply an estimate based upon provided information, in order to give you a rate. CarInsurance.com strives to give accurate rates based upon the information provided. Furthermore, they seek outside reports to finalize your rate and estimation before you give payment for car insurance.

A quotation is something that is quoted or it can be a person that quotes insurance rates. In finance, it is the statement of the market price of a commodity or security.

When a quotation is given for car insurance, then it is estimated. You want to continue beyond the quote stage and CarInsurance.com will finalize your premium estimate. We strive to not give quotes, but rather find a way to fully underwrite your premium before you pay for your insurance.

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