Why does each car insurance company have different rates?

Have you ever wondered why major insurance companies have different rates? Why you have to shop around for different quotes? It seems like all the insurance companies look at the same data about accidents, wouldn't they treat those statistics the same? Each insurance company weighs every risk factors differently and that is the reason for so much disparity between rates. Because of this you receive very different quotes from every insurance companies.

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You can avoid applying at many different companies by getting an online quote from a company that gives quotes from different companies, like CarInsurance.com. You can also buy auto insurance online from an independent insurance agent. By working with an online broker or online independent insurance agent you make your search more efficient by only having to provide the information once. Each company has its own way of measuring risk. One company may have a very large multi-policy discount because they are focusing on having more policies with fewer customers. Agents who deal with many companies know what demographics each company weighs to determine different rates for the same car and driver. CarInsurance.com provides this level of data to all visitors in their CarInsurance.com Premium Index.

You can save time and money by using the Internet to get as many vehicle insurance quotes as possible in a short time frame. Then you can buy the policy online and print your insurance cards right from your home computer. When you find the company with the best rate for your family and situation you will feel great.

This is a great Google Car Insurance Knol explaining all the reasons why every company has different rates.