Without Wasting Two Weeks Doing Calling Every Company!
Car insurance is like most other insurance, you don’t miss it until you really need it. Unfortunately at that time it’s too late to buy it!
While car insurance is optional in some areas, most states require you to either have car insurance or a retainer on file with the DMV. Some DMV’s allow you to show proof of funds that prove you can afford to pay anything that the car insurance company would normally handle.
While it would be nice if we all could have that kind of money in the bank, it’s not a reality which makes car insurance even more of a necessity.
Here are a few quick tips that can make shopping for car insurance easier on you and your wallet.
- Shop online first.
Rather than calling a few insurance companies, get quotes online. When you’ve given the information, print out the quote sheet. Keep that handy so you have it to compare when you do speak to someone on the phone. There are a few sites, such as Progressive.com that will give you their rate, and the rate of competing companies. From my experience the rates of the other companies have been honest rates and even lower at times. The last time I switched insurance companies, I compared rates at Progressive and then called the lowest priced company and got the rate lowered a little more.
- Get your discounts.
Whether you know it or not, you’re probably entitled to a car insurance discount. Some of these discounts are as a result of your vehicle. Many companies offer a discount for air bags, Anti-lock brakes (ABS), active and passive theft deterrent, and even the location where it is stored at night (in a garage versus out on the street). My insurance company gives me a discount for being a good driver and having my homeowners insurance with them as well. Some companies have specials during a certain time of year that you might be able to get. If you work for a nationwide company, there is a chance that they have a discount plan with an insurance company. You can talk to a veteran of the company about discounts.
- Compare apples to apples.
Once you get someone on the phone, they’ll likely try to sell you on less coverage because it costs less. If you get less coverage than the online quotes, you’re not comparing fairly, and you’re cheating yourself. When comparing rates, make sure the deductibles are the same and the limits are the same as well. Make sure you know how many miles you drive per day to work and how many miles you drive per year. Some companies base their rate of the expected amount that you drive. If you change jobs or move closer to your work, make sure and call your company and see if they’ll give you a discount.
By using these 3 quick and easy tips, I saved $275 last year on my car insurance. I didn’t switch companies but I do drive a considerable amount less and raised my deductibles.
When it’s time to renew your car insurance, don’t just mail a check, do some homework and see if you can save some money!