Insurance quotes can vary considerably from company to company and there’s a whole host of reasons why quotes are different between insurers. Peel it back however, and part of the reason quotes vary typically comes down to three financial factors unique to each insurer:
1. Their claims experience with the group of people they cover
2. The likelihood you’ll submit a claim
3. The competition they face
Together, these factors make it so that each insurer is unique in the price they offer for the product they’re selling, and shopping around for your insurance is the only way to ensure you’re not overpaying for the coverage you need.