1. Start with
All cars require insurance. It’s not a surprise. But where and who is it coming from? How much? You will save money and have adequate coverage if you do it correctly. You could save as much as $1000 per year
2. What is the limit of enough?
Start by finding out what the law requires in your area. This will vary depending on where your home is. Next, you will need to determine how much more you require. People who are cautious might receive more than they need. People who are less cautious or have less money may get less. What’s the best rule of thumb?
Experts recommend that you have enough coverage to protect your assets. Your car and all of your assets should be covered. Let’s say that you have $50,000 car insurance and your house is fully paid. Lawyers could ask for your keys to your house if you are in an accident that causes more than $50,000 worth of damage.
Your driving habits are another thing to consider. Are you a frequent offender of speeding tickets Are you a solitary driver who drives only short distances? Are you a target of thieves? If the answer is yes, you may want more comprehensive coverage than just collision.
3. Examine the policy and record
Have a look at what your driving record looks like. For more information, you might contact your local motor vehicle branch. Are there any tickets? Any points? Consider waiting for your current coverage to expire before you start looking for new coverage. If you have outstanding tickets or a poor record, you might end up paying more. What are you currently paying? Monthly? Yearly? These figures are a benchmark to aim for.
4. Get quotes
With all of your data and numbers in hand, you can now go to your computer. Get online quotes. Although it may seem tedious, this will help you save money. Be aware that online sources can be different. Some will provide instant quotes while others will email them later.
5. Compare quotes
You can open a spreadsheet, or even jot down extensive notes. What are the monthly and annual rates for each? Is there an email address for questions? Are there any discounts? How about the company? Good standing and a good reputation
6. Phone now
After you’ve exhausted all online resources, get out your phonebook and start calling. You should always have your license and records. Check the price they have given you. For your records, ask them to email it or fax it.
7. Are there any discounts?
You might get discounts that go beyond the price quoted, which could save you even more. Many companies offer discounts on safety equipment for your car, excellent driving records, credit history and professional affiliations.
8. Select the best one
You should now have all the information you need. You now need to dig deeper. It is possible that you already have a company that appears to be the most affordable. Is it a good business? Ask your local body shop for their opinions. Is there anything you dislike about this company? JD Power has a list of customer surveys that you can check to see if your company is there. Enter the name and the word “complaints”, in your favorite search engine, to see what results you get. You should take what you hear with a grain of salt. But, consider who is telling it. They are trustworthy.
9. Review policy
Once you are confident that your company is in the policy, make sure to read it carefully. You should pay attention to two things: your right to sue, and aftermarket part repairs. Your contract may not give you the right to sue. This could mean that you are at the mercy your insurance company if you have a dispute with them. Keep your legal rights. You might also want to consider whether your contract permits or requires aftermarket parts for your vehicle in the event of damage. Many people insist on original parts from the original manufacturer when purchasing new cars to maintain their car’s value and durability.
10. Cancel the previous one
Once you have the new coverage, cancel the old one. Also, keep proof of purchase with you at all time.
Kirk Somers is an Internet information provider.
