A Few Tips On Shopping For Auto Insurance |
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Themis Smirneos
15 July 2012
The key to saving on auto insurance is to assess how much coverage you really need and compare prices from different companies. There are hundreds of companies you could purchase a policy from: use the Internet to find out more about your different options, and do not limit yourself to the insurance companies you are familiar with because you have seen them advertised on TV. When comparing insurance companies, it is important that you find out how reliable they are and how many people have filed complaints about them.
Assess how much coverage you need for your vehicle. There are legal requirements you should follow, but keep in mind that the smallest legal amount of coverage is often not enough to cover damages likely to happen to your car. Do not hesitate to purchase more than what is required by law. You should go over different policies to get an idea of how much coverage is available for your budget and decide how much you want to purchase. If you have more than one vehicle to insure or want to purchase a policy for your home, boat or motorcycle, you should shop for policies that come in a bundle. Purchasing more than one policy from the same company is a great way to save money.
Get quotes from different companies for the kind of policy you want. Compare prices for similar policies and do not give your personal information yet. Your credit score will not be affected by you requesting quotes if you request all your quotes within the same week. Perhaps you should make a list of the insurance companies you are interested in and rank them as you get quotes. Choose the most affordable policy you can find, but make sure you purchase it from a reliable insurance company with good customer service.
You can reduce your premiums by making sure you get all the discounts you qualify for. You should be eligible for discounts if you have a good driving record, if your vehicle meets certain quality and safety standards or if you carpool a lot. If you are a student, you should be able to get discounts if you have good grades or if you attend a college that is located 100 miles or more away from your home. Talk to your insurance agent about discounts and make sure discounts are applied to your account as you become eligible for them. You can also save on your premiums by increasing your deductible, making one payment a year instead of sending money every month and not filing claims for small damages you can fix yourself.
You should now have a better idea of how to select the best auto insurance company and how to save on your premiums. If you are not satisfied with the policy you purchased, keep in mind that you can always cancel it and find a better one.