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What to Compare When Shopping for Auto Insurance

Created Date
July 2, 2020

Comparing Auto Insurance & What to Look For

With over 268 million registered vehicles on the road on any given day, it is important to realize the need for auto insurance. More than 6.5 million car crashes happen each year, so it is important to pay attention to choosing the right auto insurance for you.

It is always a hassle trying to choose a policy from the hundreds of insurance companies. It is important to do your research and narrow down two to three quotes you have reviewed. From there, it can get a little tricky. For experience buyers or first-time buyers, here are 7 tricks to compare auto insurance to receive the best value.

Evaluate the Cost of the Policies

The premium you will pay is a fraction of the cost of a policy. It’s very difficult to judge a quote based solely on the premiums.

The other aspect of cost is deductible. This refers to the amount you will pay from your pocket each time you make a claim. As the deductible goes up, the premium is reduced. The choice should satisfy your insurance goals and be within your budget.

Inquire about Current and Future Discounts

Most auto insurance companies will offer many discounts. Especially during COVID-19, insurance companies are willing to offer discounts that kick in instantly. With discounts, these will reduce the overall cost of your policy. Some of the most common discounts to ask for are:

  • New customer discount
  • Policy renewal discount
  • Low mileage discount
  • Safe driving record discount
  • Multiple driver insurance discounts

It is always important to ask which discount will get you the most bang for your buck. Save the most amount of money by just simply asking and doing the research.

Compare Offered Coverage

Car insurance is costly. Just because you are offered a low deductible and tempting premiums, it is important to know what coverage is interesting to you. Most shoppers are likely to sign for the cheapest price not realizing the inadequate coverage. To obtain an accurate comparison, look at similar policies and know what will be covered in case of an accident.

Ask for Claim Policies and Repair Plan

Knowing how to make a claim is extremely important. Terms may look great on paper but if you need to process a claim it shouldn’t be too complicated.

Compare how long you will be paid out from your insurance. The faster the better. Take into account how long a repair plan will be outlined and ask insurers about repair programs in general. Dealing with a car repair can be stressful, take into account how company handle their claims and consider what you are willing to spend.

Consider the Payment Plans

Discounts are usually available if a lump sum payment is made. Insurance policies can be made month, every six months or yearly.

Find out which quote will help save you the most money and compare payment plans. There are also pay as you drive payment options which can also be beneficial. Do your research with each insurance carrier and be sure to ask these questions.

Use the Internet to Your Advantage

Assuming you are comparing identical policies from two or three different insurance companies, the reputation of the companies can help you decide.

The financial might of the company determines if they are capable of paying a claim. This information is readily available on independent websites like the State Department of Insurance, Best Business Bureau and A.M Best Insurance Rating.

You can also visit the social media pages of your potential insurers and read the customer reviews. It’s a good way to gauge the level of customer satisfaction. This also helps by finding out how long claims really do take to get resolved.

Visit Insurance Quote Comparison Websites

Doing the research, yourself can be time consuming. There are plenty of tools on the internet that will be the research for you. Use an insurance comparison website to learn all you need in one place. Like, we connect you with all of the major carriers to get your quotes.

Using our simple forms can ensure you will get the best deal for what you are looking for.

Getting Started

Successful comparison of insurance quotes requires thorough research from the customer. You should have an idea of the average cost of insuring your car and some understanding of insurance terminology.

Reduce the number of variables to consider by deciding the amount of insurance you need, the premium you can afford and the policy you want. Make sure to take your time so you can save the most money. Evaluate your options and use to help connect with the best insurance carriers in your area.


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