Which Auto Insurance is Best for You? – Learn in 10 Steps

A sufficient policy is essential in coping with many motoring exposures. However, we don’t have bottomless money-wells to spend generously. This post will help in figuring out which car insurance is better for you in terms of coverage, price and security. If you want to enjoy good things in life you need to save. That is why you should look at every expense in order to cut waste. Below 10 steps can help you find the best value policy for money.

You have to insure automobiles if you want to legally drive in the USA. If this spending is unavoidable you should at least make sure that you get good coverage and not pay over the odds for it.

Also, make sure that claims are paid without any hassle if you ever make one. Many carriers can offer cheap premiums but not many of them may have an outstanding claim settlement record. Nobody wants to fight with a giant firm to get compensation for a legitimate loss. Therefore, it is important to find a carrier who wants to keep customers happy and avoid the ones who try to get out of paying at every chance.

Simply, a policyholder pays the premiums and expects the insured losses to be paid without any aggravation. That is the way it should work. However, many think that it is up to them to settle a claim or not. You must be looking for a company that sees a fast and fair settlement as something the least customers can expect. Here are the ten steps that help you work out which car insurance is best for your circumstances.

1: Start with Looking at the Existing Policy

This document contains a lot of information and you will need it to fill proposal forms anyway. It would be a good comparison tool, assuming you have thought about the coverage you wanted and shopped for it to find the best price 6 months or a year ago. This is the benchmark the competitors have to beat in most cases, unless you hate them and made a decision to change.

Work out the monthly, 6 monthly and yearly costs if you have already received renewal terms. Quotes can be presented in various time frames and knowing current figures makes it easier to compare. Try to avoid getting muddled up in this stage. Price comparison will show which automobile insurance is better in terms of costs.

2: What Is the Best Auto Insurance Coverage Option for You?

Existing details are written on the schedule. But you should have a look at the current situation and make adjustments. Once you do this, you can ask the existing provider to send you another quote based on new information and use this as benchmark. If you need any help you can read these coverage recommendations. Here are a few important points to consider.

  • Remember the circumstances changes often. Take every recent change into account. You may have moved closer to work or moved too far out that you now take the train instead of commuting. Children may come to driving age or leave home. You may get married, living with a partner or divorced. These changes will affect requirements.
  • Regardless of the minimum liability coverage requirements, you should aim to buy sufficient third party protection. This is the most explosive part of a policy. You never know the extent of the damages suffered by other people. But you know the value of your car.
  • If you don’t have a good health plan for the family, you should consider Personal Injury Protection to pay for injuries suffered by you or the family in an accident.
  • Don’t forget about Uninsured Motorist Coverage. About 14% of motorists in America don’t have anything and won’t be able to handle damages when they hit you or the automobile.
  • Don’t get influenced by anyone into buying something you don’t need or want. Take as much time as you want or talk to as many people as you like but make the final decision on your own.

3: How Much Vehicle Insurance Do You Need?

Think about your driving skills and recent accidents and losses suffered. This will help you choose the right level of coverage and deductibles. A good driver may be able to afford not to insure an older car or have high deductibles. But a bad one may have to pay more for two reasons. First of all, they won’t be able to get good discounts and secondly they would have to buy more coverage because of the high risk of accidents. Also consider the needs and risk levels of additional drivers. That is the way to figure it out.

4: Which Auto Insurance Company Is the Cheapest?

Have the schedule, driver license and vehicle registration handy to help you fill the forms. There are various sources for quotes. You can visit a good comparison site and see the current offers. You could go direct to an official website if you have had good recommendations about it. You can call a number you saw on a TV ad. Or you can contact brokers and agents.

You should persist on this endeavor until you get it the way you want. You don’t have to complete it at once but you may need about an hour at least overall. If you could save couple of hundred dollars it wouldn’t be bad for an hour of work. Plus, it keeps repeating every six months.

5: Compare and Consider the Quotations You Received

If you receive a brilliant price from one of the top automobile insurers, the search is probably over at this point. However, if it comes from a less known provider or higher than you were hoping for you may need to do a little bit more work. In the latter case, you may look at deductibles and coverage levels again and see if there is a way to reduce the costs. So, you may re-arrange them and go for the second round.

6: Find out more about the Vehicle Insurers  

When you are not sure about the findings you should do a little bit more work. First of all, compare the quotations properly taking into account payment options and extra perks offered. One of them may turn out to be better when you look at it closely.

Go onto the state website and check the complaint record of any company you are not sure about. In many cases, a small firm that you didn’t know before may actually turn out to be great all around. They may offer good customer service and speedy claim handling. Number of complaints received by state department from policyholders will help judge which vehicle insurer is best in terms of claim settlement.

You can also check financial stability of the carriers. However, a conglomerate with large assets is not necessarily a good choice if they are very tight when it comes to paying claims. For most people, being able to contact them 24 hours a day is essential. Check if this is the case. Make sure you carry out careful company comparison.

7: Still Struggling to Find Something Suitable?

You can talk to an independent broker to help you. Actually, you can use a broker at any stage of the search. It is great if they come up with a good deal. You have a nice package and someone you can always call and ask about things and possible claims. Talking to a broker can serve you well when you are considering possibilities. Carriers record most conversations and they may open a claim when you inquire about a certain loss. If you decide to pay it out of pocket you don’t want any record of it.

8: What Discounts Are You Qualified for?

You may have more than one way of insuring family automobiles. For a single person with one car it may be straightforward. With families, the more vehicle and driver you have the more options you get. Also, every policy in the household can benefit from being with the same provider. For example, they can benefit from a discount received because the home is also included in the package.

For example, you may buy a multi-car policy with your spouse or buy two separate ones. If the partner has a bad record, you may consider excluding him/her from yours. The same applies for the youngsters. You can either insure a teenager separately or have him/her under yours. Explore all these options and find a good deal. When you have a bad or risky driver listed you may want to try high risk auto insurance companies for lower quotes.

Remember there may be other discounts you can easily qualify. For example, if you have roadside breakdown with AAA you may be eligible to get a 10% discount arranged through them. You may not know but you may qualify for discounts for graduating from a certain University. Or the job may qualify you for discounts. Loot at these options properly and ask the agents about them. Also, you will find further readings on these topics right here.

9: Have a One Last Look at Your Choice

Confirm that you have the coverage and deductibles you wanted and the final price is right for you. Then look at terms and conditions. Make sure there are no exclusions you don’t know about. For example, some policies may only allow drivers over the age of 21.

Determine the level of protection required and check if you are getting it. For example, if you have a fairly new automobile you would want it to be repaired with only the original parts. So, you don’t want to see terms like “like kind and qualify” and “aftermarket parts” in the description of parts that can be used to repair it. If you are not sure about anything call them and ask. For example, you can ask them if they would only use “original manufacturer parts” to make sure.

10: So, What Car Insurance is Good for You?

If the renewal quote is still highly competitive, you would be happy to learn. All you may need is slight adjustments on coverage and other details and carry on. If you decided that switching companies is going to serve you well, then make the arrangements. First, arrange the new policy to start from the moment the old one will expire.

Secondly, cancel any automatic payment arrangements to avoid an unwanted renewal since you are not going to stay with them. If you need to cancel the old policy, give them a call. They will work out the final day and the amount of extra payments or refunds. Just make sure that you will not have any lapse in coverage. Then have the proof in place to be shown to police if you ever get stopped and asked.

This step-by-step approach makes it easier to determine what automobile insurance is better for your circumstances. Otherwise, you would be staring at the screen and making no progress. You probably find answers to most of the questions on this website. You can also get quotes from some of the best in business right here.

Share on Pinterest
There are no images.