Buying Auto Insurance in 10 Easy Steps

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Step 1: Auto Insurance Protection

When buying auto insurance, the coverage is the most important aspect. Make sure you have sufficient coverage in the event of an emergency. Compare the costs of different policies. Insurance agencies offer different rates so you can compare to make sure that you are getting the best coverage and the best price.

Step 2: Determining how much coverage you need

It is important to decide how much coverage you need. There are requirements in each state, so make sure you find out what type of coverage is required by law. You can also add coverage to your policy after you have covered the necessary coverage. You can also add replacement transportation, glass replacement, liability, and higher amounts of required coverage. This is a good choice if your assets could be sued if you are involved in an accident. You should also consider your driving record. It may be a smart idea to increase your coverage if you are prone for fender benders.

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Step 3: Review Your Current Driving Record and Policy

Make sure you are aware of your current policy’s coverage limits and your driving record. Contact the DMV if you have any questions about your driving record. You will be provided with a copy. Poor records will result in a higher premium. Be aware of the current price you pay for your coverage. Compare these numbers to see which agency offers the best coverage and the lowest premium.

Step 4: Get Quotes

Once you have a clear idea of the coverage you require and your driving history, it is time to get quotes from various insurance agencies. A quote request is free and takes only a few minutes. It is the best way for you to find the best deal. It is possible to get quotes online and over the phone from companies.

Step 5: Compare Quotes and Keep Documents

After getting a few quotes from different companies, compare them carefully and make sure you are happy with the results. Keep track of every insurance company, and their quote. You should also look into the annual fees and discounts offered. Be sure to review the payment policies at each company.

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Step 6 – Make some calls

Do not stop asking for quotes online. You should also call local insurance agencies. Many people assume that they will get the lowest premium through an internet company. However, this is not always true. Requesting a quote over the phone could save you hundreds of dollars. If you get a quote over-the-phone, make sure to confirm the price.

Step 7: Find the Discounts

Many insurance companies offer discounts for policies. You could get low annual mileage, multiple vehicle coverage, auto association memberships, anti theft systems, professional affiliations, safe driver credits, and automobile association memberships. You should always inquire about additional discounts, even if the initial quote is satisfactory. These discounts can add up to save you lots of money.

Step 8: The Right Insurance Company

Do not automatically choose the company with the lowest price when comparing quotes. Spend some time investigating the company. Learn how claims are handled, what the processing time is and how satisfied customers are. You don’t always get the best service if you pay the lowest price. You need to be sure that you’re dealing with a trustworthy and reliable company.

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Step 9: Read the final policy

You may feel excited now that you have done all of the research and found the right policy. For a second, let that excitement go and take the time to review the policy. Make sure you compare the cost and coverage to ensure they are comparable. Check for discounts and clauses added by the company. There are two clauses you should be looking for: the right to sue, and aftermarket parts requirements. These clauses should be removed from the policy and you should look for another company.

Step 10: Cancel your current policy

After you have found the right company, the right coverage and the right price, cancel your current insurance policy. You may be required to show proof of insurance by the state. Make sure you have it handy.