There are 3 tips to finding the best auto insurance. These importants tips include research, probing, and investigating.
1. Research, Research, Research!
When it comes to finding the best auto insurance, it is best to research to find the best auto quotes. Quotes are determined by important factors such as the model and make of your car, your age, your driving record, your credit score, and your gender. Your driving record is depended on how many accidents or traffic violations you have had in the previous 3-5 years. If drivers have had previous violations or accidents, you could be at a higher risk which means higher quotes. It is also statistically known that males have more accidents than women, thus the gender factor. Another important factor is how often and how many miles you have driven with the vehicle. According to the National Association of Insurance Commissioners, if you have a higher annual mileage, it will result in higher premiums due to the high exposure of risk. The make and model of your car will show insurance companies how many claims were involved with this type of vehicle, as well as the claim’s cost for this particular type of vehicle. The last important factor that insurance companies look for is a driver’s credit score. The credit score shows a likelihood of future losses, if there is a low score. If there is a high credit score, it could benefit the driver by lowering the premium or giving greater discounts for the auto insurance.
2. Probe/ask questions
It is always important to ask questions when finding the best auto insurance. Asking questions can help save you time and money, when researching auto insurance companies. If you get into an accident and your car is totaled, you need to know how much you will be reimbursed for. Another question you need to ask is if the insurance company has comprehensive and collision coverage. Collision coverage will help to pay for repairs to your car in accidents. Comprehensive coverage helps to pay for vehicle damage as a result of flooding,theft, or vandalism. One other important question is to see how much of a deductible you will have to pay with the insurance company, to file a claim.
It is always important to investigate each individual auto insurance company, to ensure you are making the right decision in auto insurance. On JD Power and Associates’ official website, you can find a 2008 National Auto Insurance Study where it ranks the auto insurance companies based on performance, overall experience, policy offerings, and pricing.
Another good website to check out is http://www.insure.com, which provides reports and ratings for over 3,000 auto insurance companies in approximately 70 countries. The ratings range from Extremely Strong to Regulatory Action.
Remember, it is always important to research, probe, and investigate so that you will have a less stressful time if involved in an accident or other serious matter.