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Finding The Best Auto Insurance: The Key is to Shop Around and Compare

Comparing auto insurance quotes is an extremely practical way to help you save a ton of money every year. With a basic understanding of what auto insurance companies are quoting you, you could easily compare rates and select the most appropriate products for your specific requirements. Depending on where you live, you could save upwards of $3,000. So what are you waiting for? Let’s get started.

How Comparing Car Insurance Quotes Work

Shopping around for and comparing rates is actually easier than ever. These days, you can do all these right from a desktop or mobile device with an Internet connection. When you shop around and compare quotes from auto insurers, start by researching the reputation and history of each company. Once you’ve determined your top five or ten candidates, obtain quotes from each of them. When comparing quotes, make sure that you know exactly what and how much you need. For starters, determine the amount of liability coverage you need. Most states require liability coverage, but take note that minimum amounts might not be enough in case of an accident. Keep in mind that while higher amounts may cost a bit more, they also come with more protection, and that liability coverage covers damages on others, not yourself. Think worst-case scenario – you get into an accident that you’re at fault for and an injured party files a personal injury claim against you. You will need a ton of money to cover everything so unless you have that kind of money, a higher limit may be best for you.

Will You Require Collision and Comprehensive Coverage?

Yes, if your vehicle is leased or funded, you will be required by your finance company to have collision and comprehensive coverage. If you’ve paid off your car and it’s not more than 10 years old, it’s just a wise decision to have coverage. When comparing coverage limits, ensure that you try and negotiate some discounts because these could save you as much as 25% on your insurance premium. Generally speaking, these discounts can include bundled auto insurance plans, low mileage, good student, good driver, multiple vehicles and anti-lock brakes, among others. Keep in mind that you need to ask about these discounts because most insurance providers will not offer them automatically.

When and Why You Should Compare Car Insurance Quotes?

Car salesman handing over the keys for a new car The standard advice is to compare quotes annually at least a month before renewal. You should feel 100% confident that you have auto insurance coverage that best fits your current and future requirements. And remember the potential savings you could find between different plans. Once you have received quotes from different insurers, do your due diligence before deciding on who gets your business. Check the reputation of the insurer, read online reviews, and if possible, talk to a current client. Put simply, regardless if you have a lot of accidents on your record or have an immaculate one, shop around, do your homework, and compare quotes to help make certain that you will get the perfect (or as close to perfect) deal for you.
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