No one wants to think about the possibility of being in an auto accident. However, chances are it will most likely happen at some point. It might be someone else’s fault or yours, but either way it can be a big hassle, especially if you run into problems with your auto insurance companies. You want to have good insurance without overpaying for it. That is why it is a good idea to do your homework first. Most people are willing to spend time on shopping around to get the best price. However, price is also just one of several important things that you need to consider when buying for auto insurance companies.
For example, if you own a lot of assets without any debt attached to them, check your liability limits. If your assets are worth more than the liability coverage, there is the potential for you to lose everything if you were to get sued because of an accident. Ask about uninsured motorist coverage and how you might be impacted by that. In addition to finding out whether you have this coverage or not, also find out what the limits are that will be paid out if someone who doesn’t have any insurance happens to hit you.
Once you have decided to do some buying to get the best auto insurance companies quotes, your next decision will be whether or not to go directly with an insurance company selling online such as Progressive or Geico. Or your other option would be going with an insurance company, such as State Farm that makes use of agents. I personally prefer having an agent, I can speak with in case I ever run into any problems. I like having somebody I have a good relationship with and who appreciates my business, but that is your decision to make for yourself. My insurance agent buys several auto insurance companies in order to get the best rate for me. Having an agent shop for all of your insurance needs, including health, auto, life and home can often save you quite a bit of money.
Keep in mind that the best deal might not be the best price. There is a department of insurance in every state with oversight power. A majority of them keep statistics on complaints, which is very valuable information for you to have. Avoiding insurance companies that have poor policyholder satisfaction records is a very good idea. It can save you a lot of money and time in the long run.
When you are buying auto insurance companies to get quotes, be sure you are comparing apples-to-apples. Will you have rental coverage if your car has to go into the body shop? Will you be able to choose the body shop that you use? Are original equipment parts used by the insurance company or are aftermarket parts used instead?
I wanted to see what the differences would be in rates, so I visited a website that lets you get quotes from multiple auto insurance companies at once. You just have to fill one form out, and that way all of the insurance companies receive the same information. On the form, I used my real information. Within a few minutes, I received two quotes in my email. Both were from well-known companies. One of the quotes was for $101 per month and the other one was for $190.50 per month. That was a yearly difference of $1,086. Many people would just look at the low quote and not go any further. However, without knowing what the full level of coverage would be, that would be a big mistake. For example, neither one of them informed me what the deductible would be for that rate.
To save you problems down the road, I recommend that if you happen to have a good relationship with a dealership that you speak with the collision center manager there. Ask them to recommend an insurance carrier for you. They know which ones will let them properly repair cars, and which ones want corners to be cut.
Finally, don’t get too bogged down on Internet forums. Only unhappy customers tend to take the time to post.So be smart and compare coverage limits in addition to the rates so that you can make an informed decision rather than looking only at prices of auto insurance companies.