Free Quote on Car Insurance – It makes sense!
Free Quote on Car Insurance – It makes sense!
Free Quote on Car Insurance – It makes sense!
Free Quote on Car Insurance – It makes sense!Once most people get car insurance the stay with the same company year after year. You can really save serious money by getting a free quote on car insurance about every six months. If you haven’t compared auto insurance rates in awhile, it’s time to take out that policy and some comparison shopping. Even if you are satisfied with your current insurer, more than likely you will find a lower cost auto insurance company and lower your rates by hundreds of dollars per year.
The first step is to find your details of your current auto insurance policy. It is necessary to know your current rates and for what types of coverage you are paying. If you don’t know where you stored your car insurance policy just call your agent and have them send you a copy.
Once you have your current policy in hand, you have all the information you need to do a quick Internet comparison search with a low cost auto insurance site or comparative site such as 2Insure4Less.com. Input the exact same coverage that you are carrying with your current policy to see if you can get a better rate simply by changing to a low cost auto insurance company. If you get results that beat the current rates you are paying, you have put yourself in the driver’s seat, so to speak. Even if they don’t, there are still plenty of other opportunities to reduce your current rates.
Before you even begin discussing possible low cost auto insurance rates for which you may qualify, your first step should be to take a good, hard look at your current deductible. The deductible is the portion you have to pay out of your own pocket before the insurance company will begin paying. For example, if you have a $500 collision deductible and you put a $200 dent in the side of your vehicle, you have to pay the entire amount since it is less than your deductible. If you get into an accident which does $1000 worth of damage to the vehicle, you would pay $500 and the auto insurance company would pay $500.
While the above example may have you saying that you want a $0 deductible, the lower your deductible is, the more your insurance payment will be. While having a low deductible may seem like the best plan, you need to take a close look at what the low deductible will actually cost you. For example, say that a low cost auto insurance company has told you that increasing your deductible from $250 to $500 would save you $100 a year on your insurance. This would mean that keeping the $250 deductible is the same as paying $100 for $250 ($500 – $250 = $250) in coverage per year. When you look at it from this perspective, a low deductible makes little financial sense.
Your best strategy is to raise your deductible as high as possible with the knowledge that if you do have an accident, you’ll be able to cover the deductible without putting yourself into any type of financial hardship. It may even make sense to drop the collision and comprehensive coverage all together if you own an older vehicle that is worth less than several thousand dollars. This is because any claim you are likely to make will not substantially exceed the combination of your auto insurance costs and deductible amounts.
Once you have figured out the deductible that is right for you, you can begin to see if there are other areas where you can reduce you current insurance payments. Low cost auto insurance is like any other business. Competition is fierce and keeping good customers is far more economical than trying to find new ones. This means your agent will do his or her best to provide low rates to keep you if you look like you may be ready to move to another competitor.
While you are most likely aware of the main discounts which are available to you, low cost auto insurance companies usually have a wide variety of discounts, many of which you may not be aware.
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