Ten TIPS for Car Insurance Shopping
There are a number of steps you can take to help you price your car insurance. Unfortunately, the way the industry works, it is very difficult to determine one’s rate based on factors that aren’t normally controlled by the agent. However, there are a few things that you can do that will make it easier. Here are ten things you can do to help figure out the right rates for you.
Conduct an Employer’s Comparison
There are companies out there who specialize in doing just this for employers. It’s a simple way to find out if you are going to be assigned a lower premium for your level of coverage.
Get Help from a Professional
Of course, there is always the benefit of calling an independent professional for assistance. You may think that because you have paid insurance for years, that you know what you are talking about. However, that isn’t the case. You need a professional who is familiar with the ins and outs of your particular industry.
Check for Deductibles
Make sure you know how much of your premium is going to be for covering your deductible. Some insurance companies will split the premium for a low level of coverage with your insurance company for a deductible in the thousands of dollars. Be sure to check.
Use a Reputable Insurance Agency
Finally, be sure that you use a reputable insurance company that has relationships with reputable agents in your area. Always be sure to look at your car insurance rates online for the insurance agency that you choose.
Some things may not always be apparent to you if you are not having your car insured directly through your car insurance company. You may not see the discounts or rewards until you actually go through the renewal process. However, there are other benefits that are only revealed when you go through the renewal process. It’s always a good idea to keep those things in mind before purchasing your insurance policy.
Pay Attention to Factors Outside Your Control
While the things listed above are all things that you can actually control, it’s impossible to know how much they will cost. Make sure you go into the process with an open mind and try to see things from their perspective.
Look at Other Companies
You can also shop around. Most people shop around on the internet for car insurance before going through the process. This makes it easier to compare prices. In fact, many insurance companies offer promotional rates to entice you to switch. Keep in mind that you have to do this before the renewal process begins.
Be Willing to Pay More
There’s no way around it, car insurance is going to cost money. However, if you are willing to pay more, you will get additional benefits that will help you with your safety.
Avoid Pop-Up Retailers
Some insurance companies use pop-up retailers to entice you into purchasing the product. While this is a legitimate way to get you to take an interest in their products, make sure that you only do business with those companies with a reputation.
Know the Details
Know the details about your policy so that you can get as much information as you want before signing up. You want to be sure that you are getting the most for your money.
Take Your Time
Always take your time. You never want to rush into a decision that could end up costing you. There are so many things that can impact the cost of your insurance. Make sure you have time to really think through the decisions and what will make the most sense for your situation.
Be Aware of Specials and Offers
You will also want to watch out for specials and offers that will likely save you money on your policy. However, be careful when looking at these offers. Often, they can have strings attached to them that could have you paying more.
Don’t Buy Auto Insurance Without It Being Directed to You
Sometimes, you may think that you are just taking advantage of a special offer by signing up for the insurance without the advice of a professional. However, there are some situations in which the dealer that you are buying from might have you sign up for insurance with them without you even knowing. Be sure to double check any special offers that you are considering before signing anything.
Don’t Forget to Check for Escrow
You should also double-check if your insurance company has a surrender charge associated with your policy. If so, you will have to pay a fee if you decide to end your policy early. This fee is different from other penalties like coverage cancellation and rescission fees.