Educated consumers make great decisions. So, here are some tips and tricks to help you when you search for auto insurance online.
Determine the State Laws: The first step to getting an accurate auto insurance quote is to determine exactly what coverage you need. If you just want the minimum coverage, check your state laws and see what auto insurance you are required to carry. Every state in the US requires some sort of liability auto insurance or financial statement.
Consider High Deductibles: One of the best ways to get a cheap auto insurance quote is to request a high deductible. Policies with high deductibles have lower premiums. Why? Because in the case of a claim the policy holder will be required to pay more out of pocket.
Compare Insurance before Buying a Car: When you purchase a car, you look at safety features, color and performance, but most people do not consider how much it will cost to ensure their new purchase. So, before you buy a new car narrow down your choices and then get auto insurance quotes for each vehicle. Consider looking for auto insurance online, as you will be able to compare several policies from a variety of companies. You may be surprised at the variation in premiums, and it could affect your purchase.
Drop Coverage on Older Cars: Collision or comprehensive coverage is a good choice if you have a newer vehicle that is costly to repair. However, if you are driving an older vehicle, consider dropping the collision of comprehensive coverage and get the minimum amount of coverage. You will get cheap auto insurance quotes, as the cost of repairing or replacing the vehicle will be small.
Research All Discounts: The best way to get cheap auto insurance is to take advantage of the bevy of discounts available. There are many companies that offer auto insurance online, and their catalog of discounts can vary. However, most companies that offer auto insurance online will offer these discounts: good student discount, low-mileage discount, multi-car discount, multi-policy discount, and the good driver discount.
Compare Apples to Apples: One of the most important things to do when comparing auto insurance online is to be sure you are comparing apples to apples. That is, be sure the policies are the same, and the level of coverage is the same. Be specific and consistent when applying for auto insurance quotes, so you can compare policies that are similar. If you apply for liability coverage with one company, and comprehensive coverage with another, you will not be able to accurately compare the two.
Remember to Cancel Your Insurance: Once you decide on an auto insurance quote and start coverage with a new company, be sure to cancel your old auto insurance. There is no way for the old company to know you purchased new insurance if you do not notify them. You don’t want to be paying two premiums if you don’t have to.