Tips and Tricks to Get the Best Car Insurance Quotes
One of the primary reasons many consumers do not receive favorable auto insurance quotes is lack of preliminary homework. While it is true that some companies offer excellent prices on everything from liability coverage to uninsured motorist protection, finding these good rates involves putting in some time and using all the available tools.
No one wants to spend a huge amount of time shopping for their insurance policy, but inputting the correct information and comparing offers from a number of providers is key to obtaining the best car insurance quotes.
Basically, insurance shopping is all about finding applicable discounts, deciding how much coverage is actually needed, and completing the necessary information for a quote. Before starting the shopping experience, remember to have all info on hand that could affect the actual price.
What Insurance Is Needed?
The minimum amount of insurance required varies from state to state, so consumers should examine the regulations for liability coverage as well check to see whether UM or PIP is mandatory. Online quotes usually include only the minimum amount of liability required by law, but shoppers may want to include an extra layer of protection if their other monetary assets are insufficient to cover the total amount of damages claimed by an innocent party.
If there is enough money in the bank to take care of expenses not covered by liability insurance, taking out a smaller amount of protection may be satisfactory and will save on premiums.
While not required by law, collision and comprehensive insurance will be a stipulation of an auto loan agreement. This insurance may not be deemed necessary on an older model that has seen a significant decrease in value. Raising the deductible or eliminating this coverage altogether will save money, but shoppers must decide whether the odds of causing damage to the vehicle are low enough to forego the purchase of collision insurance.
For Those With Traffic Violations
If the insurance policy is about to expire, consider extending it until most or all traffic points have dropped off the driving record. A bad driving history is the biggest roadblock to good insurance rates. It is better to wait until these violations are no longer a part of the motor vehicle and driving history before beginning the search for lower premiums.
Information on the Automobile
Most of the online comparison sites will generate an initial quote that is based on the consumer’s age and residence location. A more detailed description of the vehicle and driver’s record is necessary in order to finalize the price of the insurance. Some of the insurance search engine sites will have boxes that can be checked if certain information about the car is required.
Make sure to indicate whether the vehicle has an anti-theft system, driver warning systems such as lane departure and driver alert, and navigation aids. The price for insurance will also depend on the results of crash tests. If a new car is being purchased, the cost of insuring it will be lower if it is considered to be a safe vehicle by the insurance industry.
Information on the Driver
Safe driver discounts are offered by most major providers. However, the term is relative and may not mean the same thing from one insurance company to another. Some insurance companies see homeowners as lower risk individuals, and credit scores are also taken into consideration when it comes to deciding the final cost of premiums. If this information is asked for, it should be included when filling out the online form.
Driving Information Programs
For those wanting to receive a discount with their current provider, real-time driving information technology is available. It is a good idea to ask whether the current provider has such a program. A device installed in the vehicle monitors the speed, braking habits, and miles driven.
Some companies offer this service when switching insurance coverage. After six months, information on driving habits is examined and a lower rate may be quoted for renewal of the policy.