If you're shopping for car coverage, it's essential to know the options available and what is required under law. Consider the type of insurance you need, and whether you are eligible for discounts.
Getting the Best Price on Auto Insurance
Many different ways exist to reduce the cost of your auto insurance. Shop around. Compare quotes online, or work with an independent agency.
You must decide on the type of car insurance coverage that you require, and also how much. There are different types, such as bodily damage liability (BI), Property Damage Liability (PD), Collision and Comprehensive coverage. Consider your deductible as well. This is how much you'll pay out-of pocket in case of an incident.
Insurance policies should cover you for injuries and damage caused to other people in addition your own vehicle. Add-ons like roadside help and rental reimbursement are available as options.
How to shop for car insurance
Typically, the best time to shop for a new car insurance policy is during your current renewal period. It allows you to compare quotes and switch policies if a better price is found. Also, you can compare prices when moving, improving your credit score or making other changes to an existing policy.
How to shop for car insurance without feeling overwhelmed
The first step in shopping for car insurance is to decide what you need. Compare quotes after gathering all your information.
Before you buy a policy, get at least 3 quotes. Because prices differ so much from one insurer to the next. To get a fair price, you should compare the coverage limits and deductibles of each company.
Also, it's important to read all the small print in each quote. Some companies may offer lower rates for a 6-month policy rather than a 12-month one to make the quote appear cheaper.
Along with price, it is important to also look at the customer service level offered by each provider. Customer service agents should be friendly and knowledgeable. They will answer all your questions.
A comparison platform such as NerdWallet is the best place to find multiple car insurance quotes and providers. This will streamline the process and help you save time.
A independent insurance agency may be the best option if your concern is that you won't be able compare rates yourself. These agencies are licensed to negotiate on your behalf with several auto insurance companies and can help you make the process of shopping easier.
How often can I compare car insurance quotes?
It's not clear how often to shop for auto insurance. Some people shop for insurance at least once per year. This is very useful if moving or changing your policy, or if improving your score.