Updated on 26 Nov 2025
Car insurance is important for anyone who owns or drives a car. It protects you from big expenses in case of accidents, theft or damage. But before you buy car insurance, you usually get something called a car insurance quote. Let’s understand what it means and how it works.
Car insurance quotes
A car insurance quote is an estimate of the sum needed to pay for a car insurance premium. Such a quote also itemises the costs and limits of individual coverage. Further, a detailed quote may include discounts you are eligible for and offer bill payment plans.
Requesting multiple car insurance quotes is essential when planning to buy a car insurance policy. Before buying a policy, always ask for quotes from more than one insurer, which will help you make an informed decision.
Factors that affect car insurance quotes
Car auto insurance quotes can be different for different people, and zeroing in on the one that is best suited for you may involve comparison and measurement of several factors, including the following:
- Where you live: Insurance companies may enquire where you live. This can help them assess the frequency of accidents in the area.
- Personal information: Your age and gender can help decide your insurance quote. Such information will also help insurers know who else can drive your vehicle other than you.
- Education level: Your education level can be crucial in deciding your car auto insurance quotes.
- Insurance and driving history: The history of insurance that you have claimed can help insurers know how often you’ve encountered accidents.
- Vehicle type: The type of vehicle you want to purchase insurance for will make a big difference. Repairing expensive cars with high maintenance costs can increase the insurance premium.
- Manufacturing and registration dates: Since car is a depreciating asset, the older the car, the higher the premium you will have to pay.
- Purpose of the vehicle: The insurance company may want to know whether the car will be used for personal or commercial purposes.
What is the difference between quote and rate?
Many people think quote and rate mean the same thing, but they are slightly different. A quote is a price estimate based on the details you provide. It can change if the information changes or if the company checks your records.
Whereas, a rate is the final price you agree to pay when you buy the policy. It is usually fixed for the policy period unless you make changes.
A quote helps you understand how much you might pay, and the rate is the actual amount you will pay.
Can you get an auto insurance quote without owning a car?
You can get a car insurance quote even if you do not own a car yet. This is helpful if you are planning to buy a car soon and want to know how much insurance will cost.
You can give details like the type of car you are thinking about, your age, driving history and where you live. The quote you get will be based on that information. It may not be exact, but it gives you a rough idea of your future costs.
Information you need to get an auto insurance quote
To get an accurate quote, you need to share some details. Here are the common things insurance companies ask for:
- Your name and contact information
- Your age and gender
- Your driving licence details
- Your driving history (accidents, traffic fines)
- Details of your car (make, model, year, registration number)
- How you plan to use the car (personal or business)
- Where you live and where the car is parked
Conclusion
A car insurance quote is a useful tool to help you plan your budget and choose the right comprehensive car insurance policy. It is not a final price but gives you an idea of what to expect. Make sure you compare quotes from different companies, understand the factors that impact the price and always give correct information.
Need help choosing the right car insurance? Fill out the simple form on this page and get expert advice made just for you. We will guide you to the best options based on your needs and budget.
Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the topic featured in the article. It is advised to verify the currency and relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.