This is how InsuranceQuoteGrabber works:

Auto insurance is a very complex financial product. The price of a policy depends on the driver’s age, gender, marital status, driving history, occupation, education, make and model of the car, average annual mileage, etc. Once, when I was shopping for my car insurance, I counted the number of different questions I had to answer on Geico's web site. Believe it or not, there were 122 different questions I had to answer until I finally got my quote. It was quite a job, and I had to repeat it on other insurance websites I wanted to get quotes from. Wouldn't it be nice if there were a website that could do this work for me? I could not find one, and I decided to build one myself. This is how InsuranceQuoteGrabber.com was born.

Imagine you are going on a trip across the country in three weeks. You’re buying a plane ticket online, using price tracking tools on travel websites, and you notice that if you buy your ticket now, you will pay less than you would if you wait until the day you leave.

The same concept applies to buying car insurance. If you wait until the very last minute – that is, until the day your current insurance policy runs out – you will end up paying more. In our own research, we have found that people who leave insurance shopping until the last minute will usually pay 10% more for their auto insurance policy. Whether it’s because the companies know you need insurance fast, or because it makes you seem less responsible, your policy will cost more.

In addition to saving money, buying an insurance policy ahead of time could save you problems with law enforcement – some insurance takes a few days to process, making it more difficult to prove you are currently insured if you get pulled over or into an accident and bought insurance the day of.

So if you’re looking to save money on your next policy, plan ahead: shop around to compare quotes at least a few days before your current policy expires.     Read more..