Chelsey Tucker graduated with a Bachelor of History degree from Metropolitan State University in 2019. She now writes about insurance with her specialty being life insurance and has been quoted on Help Smart Phone and MEL Magazine.

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Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years. He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like

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Reviewed by Daniel Walker
Licensed Auto Insurance Agent

UPDATED: Mar 19, 2020

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The lowdown...

  • Auto insurance quotes can change every single day
  • Insurance providers can change the rates they use frequently
  • The risk exposure you present can also be quite volatile

The one thing that is always consistent about the auto insurance industry is that there is always change happening.

The insurance industry is one of the most constantly evolving areas of the business world. Insurance products are always changing, as are the needs of consumers.

It was not that long ago that the only thing offered by auto insurance providers were policies that lasted for annual periods. Now you can go and buy an auto insurance policy that lasts just one day if that is what you need.

Just as auto insurance policy products change, so do the rates that these policies are priced on daily.

Compare auto insurance rates today to find the company that’s right for you!

Understanding the Insurance Rate


Insurance companies develop and file the rates used to calculate premiums with each individual state.

These prices are agreed to with the states and the prices allow companies to charge in an accurate and standardized way across their entire customer base.

An insurance company should be consistent in what they are charging that individual for a policy when two customers have the same factors:

Insurance rates are based on what an insurance company thinks they need to charge to cover a particular risk exposure.

Insurance companies have years and years of loss history to work off of, and they use actuarial professionals to help them determine the rates that they need to charge to have enough premium dollars coming in to cover all of the losses that they have to pay out.

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The Quoting Process

The insurance quote that you get today from an insurance company may not be the same quote that you are going to get tomorrow.

The reason is that there are so many different factors at play that can dictate what type of risk exposure you represent. These risks can include:

  • the time of the year the policy will run through
  • the driving history
  • the type of car being insured

Take an example of just the time of the year and how that can play a role in what you can expect to pay for an insurance policy.

You get a quote for an insurance coverage in the state of Massachusetts in the month of July; the policy is set to last six months, meaning it would expire in December.

Since December is just when it starts to get cold, there is little risk of driving in the snow. That same individual gets a quote for a policy in November, and it will run through the entire winter months.

They may get a higher quoted premium because of the riskier time of year that they will be driving.

Quotes Can Change Daily


Car insurance quotes really can change daily. The more that you are proactive regarding understanding that the premium you get quoted at today may not be the same as you get tomorrow is important.

When you are shopping for car insurance, read the volatility that exists in the market. You could be driving a car today, get a quote for an auto insurance policy, and then that afternoon gets in a car accident.

The next day you go and get another auto insurance policy quote, only to find the premium went way up because now you have just had a car accident or DUI. There are so many different items at play that can have a vast impact on what you pay for car insurance.

Car insurance policy quotes have a lot of opportunities to change.

The quote that you get for a car insurance policy today is not likely going to be the same tomorrow.

Auto insurance providers can change up their rates; you could present a different risk exposure than you did when you got that first quote, among other things. The most important aspect to note as a consumer is that you should always shop around.

Make price comparisons and drive home the work that is needed to get the most value for your premium dollars. Enter your zip code right here to begin comparing today.