What is an auto insurance quote?

Answer 1

It is the price that the insurer charges in return for the provision of insurance coverage.

The amount of the premium depends upon the nature and amount of the coverage provided and the risk factors presented by the proposed insured.

Most state insurance regulators have authority to pass upon the reasonableness of the amounts charged and the classifications of risk. The regulator must reach a balance between the ability of the insurer to charge enough to remain solvent (have enough money to pay claims, overhead, and realize a profit).

Answer 2

Auto Insurance quote is used to know the rates and coverage of vehicle insurance from insurance companies after providing required details. Today many auto insurance companies provides online insurance quote form in their website though which any one who needs auto insurance can get quote, almost free of cost.