If your vehicle is involved in an accident, however minor, you need to have adequate insurance coverage to safeguard against payouts. Most people do have automobile insurance, but they seldom shop around to get the best automobile insurance quote simply because they assume that there’s not much difference between insurers.
However, the fact is, you could save yourself quite a packet by simply doing your own research and comparison study before settling with one company or another. You could save hundreds of dollars annually by getting online quotes from different companies, getting quotes by phone or e-mail or asking your co-workers, friends, and family for information. Most insurance companies offer free online quotes and though these are not 100% reflective of the final payments, they’re pretty good guess-estimate.
Some Tips for Getting the Best Automobile Insurance Quotes
- Compile your complete driving records: Your driving history is one of the factors that will affect the rate of insurance. Gather the complete information which is currently shown on your driving record before you approach an insurer. Don’t assume that old or prior offenses appear on the current license. If you’re unsure, get a copy of your driving record from the government agency. A record with many offenses could inflate your rates unnecessarily.
- How much coverage do you need: There are many options available and you should select the one that suits your needs best. Do you need minimum liability, comprehensive collision, and liability, third party etc? Body injury, property damage, medical payments, uninsured driver, damage by fire, theft etc are other types. These options are based on your own financial status, driving habits and budget.
- Your personal information should be complete: Have all your personal information handy before you ask for an online or telephonic automobile insurance quote. You will need your social security number, driver’s license number, VIN and personal details of all others who may drive your vehicle too. Age and gender are important factors.
- The type of vehicle also affects the automobile insurance quote. A fancy sports car, SUV or luxury vehicle obviously cost more to insure. Companies also have their own set of rules based on their experience with cases involving such vehicles. You could check the Highway Loss Data Institute information for more information on industry-wide information.
Keeping these tips in mind, you should also take into account the discounts offered. Different rates are available for people who don’t drive much, have an alarm on the car, or safety features like airbags, waiving collision coverage for older cars, towing costs, healthy credit rating, linking with your medical claims policy etc.
Do a background check on the insurance company and its track record. Before you sign a new policy, cancel your old one and carry the proof. Study the fine print and get it cross-checked by a knowledgeable and trustworthy person.
Generally, it takes about 15 minutes to complete each automobile insurance quote process. It is certainly worth your time and effort to shop around and get the best value for your money.