Car insurance is an expensive investment that everyone who owns a car should have. Purchasing car insurance can be tricky and frustrating, especially when you are looking for the right coverage at an affordable price. This article will take a look at 10 tips for buying auto insurance.
1. Individualized Coverage
There are many different things that auto insurance covers, however this needs to be individual or else you will be paying more than you need. Everyone should have high bodily injury liability coverage incase of an accident, this will keep you from getting sued and losing your own assets. Researching what coverage types there are is a good idea to know what you’re getting.
2. Safer Cars = Cheaper Insurance
Have an AWD vehicle that has stability control and also has a 5 star crash test rating? This may help you save money, there are many different policies for different vehicles; it would be wise to research quotes on a vehicle before you purchase it. Sporty, fast cars that have high horsepower and a turbo will make you end up shelling out more money for auto insurance than you would have expected.
3. Shop Around
There are many different insurance companies out there that will be willing to offer you the best deal they can to get your businesses. Compare and contrast!
4. Are a male under 25? Or a female under 18?
You should know you will be paying more for insurance as you are a liability to the insurance company. Unfair, I know however there are ways to save on this. Get a plan under a parent’s car insurance plan and have your car in their name to help save some money.
5. Safe Driver?
Are you the driver who has never gotten in an accident, or just a minor one? Chances are if you are a safe driver you will be offered a lower premium on your insurance; some car insurance companies will actually give you money back if you are not involved in an accident in a given amount of time.
6. How much coverage do you really need?
Do you drive an old clunker, or do you drive the latest sports car? Chances are if you have a car that is old and not worth very much money you should forgo extra insurance plans; however if you have a sports car the extras would be worth it.
7. Defensive Driving Class
Defensive driving classes save on premiums, and also make you a safer driver. Remember to list good grades, and any defensive driving classes on your application for auto insurance.
8. Choose the Right Company
Auto insurance companies are all different and will offer different rates depending on the individual. Make sure you research your options. Different companies will be better for different people; keep in mind if you do not travel much, or have a safe driving record one company may offer you a lower premium for your coverage.
9. Read the Fine Print!
Make sure you know what you are getting when you purchase your auto insurance coverage; the fine print can mean the different between 100% coverage and going to court for an accident.
10. Make Insurance Companies Compete!
More often than not smaller insurance companies want your business and will do a lot to get it. Call different insurance agents and see if they will bargain for your business, you may get a hefty discount.