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In this video tutorial, Mark from Think Insurance explains the difference between an insurance quote and a policy. An insurance quote is a generalized idea of coverage costs and doesn't consider all factors. Factors that are calculated include coverage packages such as basic, good, or better options. The best way to do an insurance quote is shown at the end of the video, along with advice on selecting the right coverage package for your needs. Each company may offer different coverage options, so it's important to choose the one that suits you best.