Do you hate paying for insurance of any kind?
You answered yes, right?
Most people hate paying for insurance, especially if they have few if any claims.
You feel like paying for car insurance is like throwing money out the window as you cruise down the highway.
If you are smart, however, you realize that insurance is a really good idea. As they say, accidents do happen, and when they do happen, you won’t regret having good car insurance coverage.
This should not stop you from shopping around for the best deal fellow Fugal Men. As always that is what I am going to help you do.
When was the last time you shopped around for your car insurance coverage?
Most people don’t take the time to shop for coverage, which often leads to paying more than they need to. Follow the tips below and you will learn what you need to know to make an intelligent decision in regards to your car insurance and also save some money.
Buying good car insurance coverage isn’t difficult. If you have been shopping for coverage lately, you realize that there are lots of pitfalls to watch for on the journey from your initial research to signing on the dotted line. Here are a few points to remember when you are still in shopping mode.
What You Need to Know
Determine what you need. There are a lot of different options when it comes to car insurance. You need to know exactly which options you need before you start to research.
If not you may end up buying more options and coverage then you need thus costing you money?
Your individual State may require you to have specific kinds of coverage. You can go here to check on the minimum amount of coverage for your state
After you determine what your state requires you can decide how much coverage you want in addition to that.
Many insurance buyers are very cautious. They base their insurance purchases on what they believe the worst case scenario would be. Insurance companies know this, and they love it.
Liability Coverage: What Is It?
Liability coverage it is crucial especially if you have and a lot of assets. Liability coverage is mandatory in every state and it covers injuries you may cause to another person or another person’s property. Liability coverage kicks in if you are responsible for the damage. The coverage does not cover any personal injuries you have.
Collision Coverage: What Is It?
Collision coverage will pay to repair or replace your car in the case of an accident. It also covers your car if someone hits it when you aren’t even a driving it.
Generally collision coverage has a deductible. If you have an accident you are required to pay the
first $500 or $1,000 depending on which deductible you chose when you signed up for your insurance. If you are driving a car that is not worth very much it may be prudent to skip the collision coverage.
Comprehensive Coverage: What Is It?
Comprehensive coverage ensures you for things that may happen that do not involve a collision. If can cover you for example if you hit a light pole, fire plug, or some other inanimate object.
Your comprehensive coverage also covers you when your car is damaged or lost due to events such as a fire, flood, hurricane, theft, or vandalism.
Your driving habits should be an important consideration in determining what coverage you opt for. If, for example, you have a history of accidents, or have a treacherous daily commute, you might want to add more coverage to your policy.
Finding the Best Insurance Company for You
As you probably know, you will seldom hear from your insurance company until there’s a problem unless of course you have not paid your premium. It is when there is a problem that you will often find out their true colors.
The last thing you want is to be fighting with an insurance company while you are dealing with the dramatic effects of an accident. You should check on line to be sure that the insurance company you are considering does not have many complaints from people who have made claims
Internet or Brick and Mortar
Some insurance companies exist only online, while others do business online and also have physical offices.
As long as you use a big insurance company that has good ratings, and few complaints, you are free to use either type of insurance company. If you feel more comfortable being able to drive to a physical location then pick one of the company’s an office near you.
If a company seems to only exist in cyberspace and you can’t find much if any information about a company, beware. You want to be sure if you have a problem you can speak to a real person.
Price Isn’t Everything
Does an insurer stress price over quality of coverage? There’s a lot of money to be made in the insurance business. Unfortunately, there are companies out there that want to sell policies without paying much attention to service.
Do you want the lowest price? No, you want the best price from a good company, on a policy that meets your needs.
In the insurance business, the devil really is in the details.
Get your quote in writing. If you are talking to an insurance company that hesitates or outright refuses to send you a hard copy of their terms, keep looking.
Company Financial Strength
Do they stand behind their product? A good insurance company has the financial strength to stand behind their policies.
You can check out a company’s credit rating very easily. You can do this by checking with A.M. Best, which publishes independent reviews of insurance companies and their credit ratings. With a good credit rating there is a less chance of the company having financial problems.
Did You Ask for a Discount?
One of the hallmarks of a good insurance company is the willingness to offer discounts to drivers who meet certain criteria.
These might include discounts for policy holders who have multiple policies from the same company, good driver discounts, student discounts, and many more.
If a company does not tell you about discounts, ask about them. If they still don’t, keep shopping.
Don’t be Rushed
Just as is the case when you buy a lot of things, you should never allow yourself to be rushed into buying any car insurance coverage.
Insurance is one of the most important parts of your financial well being. Do not let an insurance agent or company push you into buying a policy.
Aggressive sales techniques are for selling used cars, not insurance.
If you do not have the time or inclination to do the extensive research it takes to find the right company for your car insurance coverage you can go to my review and recommendations for car insurance companies.
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Watch for my review coming soon.