10 tips to save on AUTOMOBILE INSURANCE 2017 - Get Low rate quotes - SAVE now- Kevin Hunter
As for auto insurance, you want to be adequately covered if you get in an accident, but you do not want to pay more than you have unfortunately many people do just that, simply because they do not want to spend the time shopping for car insurance, it is not inherently enjoyable, after all, despite how it looks in commercials featuring cavemen and spokespersons unhappy joke-cracking.
But by doing some comparison shopping, you could save hundreds of dollars a year when one of our editors used a rate comparison service, he received basic coverage citations for his two old cars that ranged from 1.006 to 1.807 a difference of 801 per year if you pay thousands to your current insurance company because you have a couple of tickets, accidents or off-date and adverse credit rating, shopping your policy against others may be worth the effort look at it this way, you can convert the money you save by buying something you want or need a long time.
Step 1 Decide how much coverage you need to find auto insurance, first determine the amount of coverage you need This varies from state to state, so take a moment to find out what coverage is required where you live, you will find a list of each state requirements and an explanation of the different types of insurance car insurance How need also, check out little known but important questions auto insurance, which has a glossary the basic insurance terminology If you are a first-time driver and need a complete overview of auto insurance before continuing, check out this guide from the national Association of insurance Commissioners now you are ready to make a list of different types of coverage you are considering.
Once you know what mandatory, you can decide what you need Some people are very cautious They base their lives on worst case scenarios and insurance companies like the insurance companies are in the business risk, and they know the likelihood of a policyholder to be an accident, and the likelihood is a car to be damaged or stolen insurance company crunches the information it has collected over the decades in the actuarial tables that give adjusters a look at the probability of just about any event you don t have these tools at your disposal, so your decision will depend on your level of comfort in the event of a certain level of risk.
Experts recommend that if you have a lot of assets, you should get enough liability coverage to protect you Let s 50,000 of liability coverage for bodily injury, but personal assets 100 000 If you are responsible accident, the lawyers of the other party could go after you for the 50,000 in medical bills that aren t covered by your policy.
General recommendations for liability limits are 50,000 bodily injury liability for one person injured in an accident, 100,000 for all people injured in an accident and 25,000 property damage liability insurance usually expressed in shorthand 50 100 25 Here yet, let your financial situation be your guide If you have no assets that a lawyer may ask, don t buy coverage unnecessarily.
Your driving habits could also be a consideration in determining the coverage you need if your past is filled with crumpled wings, or if you have a lead foot, or if you have a long drive on a treacherous winding road all days, then you should get a crash more comprehensive coverage coverage pays for the damage your car experiences in an accident or damage to hit an inanimate object, a tree, a light pole or a fence, eg full coverage addresses damage didn t occur in a collision, such as fire, theft or flood It also covers damaged windshields.
Keep in mind that you do not have to buy collision and comprehensive coverage Let s that your vehicle is older, you have a good driving record and there is little chance that your car is totaled in an accident but a high probability of its Stolen Then you can buy comprehensive coverage and collision insurance jump.
Step 2 Review your current insurance policy Read your current policy or contact your auto insurance company to get the information you need Jot on the amount of coverage you have now and how much you pay to take note of annual and monthly cost of your insurance, because many of your quotes will be given in both directions now, you have a number to beat.
Step 3 Check your driving record You need to know how many tickets you've had recently If you can not remember how long that speeding ticket was on your record, check with your state motor vehicle department if a ticket or points you earned are about to disappear, improving your driving record, wait until it happens before you get quotes Nothing drives up the price of insurance as a bad driving record.
Step 4 Solicit competitive prices Now it's time to start shopping Allow at least an hour for this task Have handy your current insurance policy, your driving license number and registration number of your vehicle, you can start with online services If you go to an online site for a quote for insurance rates, you can enter your information and start building a list of companies for the comparative quote Keep in mind that all insurance companies participating in these websites a one-stop, if a recommendation for friends and family or other research points to a company perhaps you think a winner, you can go directly to their website or call the toll free number for a quote.
Each quote form takes about 15 minutes each to complete it could be well worth your time, as if the entire purchase process takes you two hours and save you 800, you are effectively earning 400 an hour.
When you use these sites, you can not get instant quotes Some companies may contact you later by email Some who are not direct providers could put you in touch with a local agent, which then calculates an estimate for you as a direct supplier Geico sells insurance policies directly to consumers of other companies such as State Farm, sell insurance through local agents You can learn about the different types of agents here.
Step 5 Gather quotes and society While you are researching companies, take careful notes so that you can easily make price comparisons and coverage Keep a list.
The annual and monthly rates for different types of coverage sure to maintain coverage even limit so you can make comparisons apples to apples for the cost and coverage.
The telephone number of insurance company 800, so you can get answers to questions you could find online.
The insurance policy payment of the company when the payment What types of payment plans are available What happens if you are in arrears.
In subsequent steps, you will add some more information to this list.
Step 6 working the phones Once you have gathered information online, it's time to work the phones contact these companies that you haven t been able to get a quote online Make search by phone may be easier and faster than the Internet, provided you have your driver's license and vehicle registration handy when you get a quote on the phone, make sure you confirm the price by asking the representative of e- email the quote to you.
Step 7 Look for Discounts When you make these calls and online shopping, make sure to explore all options for discounts to the insurance companies offer discounts for things like a good driving car safety record or safety equipment and certain professional occupations and affiliations some companies now offer lower rates if you sign up to pay as you drive the some plans offer significant discounts for young drivers in the family who have average quality high point you can use this as an incentive to your young drivers and offer to share the savings with Think also to use the same insurance company for home and auto policies generally will get you a better price for more tips about discounts, see How to save money on insurance v oiture and Top 10 ways to reduce your auto insurance bill.
Step 8 Assess the track record Insurance Company You now have most of the information on prices and coverage that you need to make a decision, you can see that the coverage of the company is cheaper, but it is important to keep in mind that isn t cheap the only basis for choosing an insurer How do you know which company is financially sound How to know if an insurance company will treat you right particular disaster.
Here are some places to check to develop a clearer picture of a track record of the insurance company for equity, financial stability and customer service.
1 Use the National Association of Insurance Commissioners Consumer Information Source to access information on insurance companies, including closed insurance complaints, licensing information and key financial data You can also visit the department of your insurance status to check consumer complaint ratios and basic rate comparison surveys.
2 Consider contacting an independent insurance agent for more information about a company.
3 See financial strength ratings for an insurance company by referring to the rating of AM Best and Standard Carry your proof Once you got the car insurance policy you want, cancel coverage with your company existing insurance if your state requires you to have proof of insurance, make sure you put the card in your wallet or glove compartment of your car.
Finally, here are some quick s to keep you on track.
Determine the minimum insurance requirements in your state.
Consider your own financial situation in relation to the insurance required and determine if you should increase your limits to protect your property.
Review the status of your driving record do you have tickets or outstanding points on your driving license.
Check your current coverage to determine how much you pay.
Get competitive quotes for insurance internet websites and individual companies that interest you.
Make follow-up calls to insurance companies for additional information on coverage.
Assess the reliability of the insurance companies that you plan to visit by the insurance department of your state's website, examining consumer surveys and talking to family and friends.
Review the policy before finalizing Remember to cancel your old policy.
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