How To Find The Best Car Insurance

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Answered by: Jason, An Expert in the Insurance Category
Whether you’re getting it for the first time or shopping around for a better deal, selecting the best car insurance can be confusing. There is no shortage of options or providers to choose from, but deciding between them can seem like a daunting task. But cheap is always good, right? Not necessarily – cheap is not good if what you are getting is not what you need. Value for money is what you are after, which means finding the car insurance you need at a good price. Car insurance is a competitive business – just think of all those all expensive adverts – so it pays to shop around.

1) The Internet Is Your Friend

Not only are most insurance providers online, there are also many comparison websites that will give you rough estimates from scores of providers all at once. You will have to provide basic information regarding your age bracket, employment status, and driver history. Use this to select the most promising providers and then submit full contact information to get personalized quotes from their agents.

2) Choose The Right Coverage

All coverage is not the same. Car insurance covers a number of very different potential expenses. There are also a number of smaller but useful coverage items to consider such as rental car costs if your vehicle is out of commission. If your car is declared ‘totaled’ this means the insurance company will not pay for repairs but gives you a payment based on the total value of the car, which may not be much if you’re driving an old beater. Don’t forget to inquire about the insurer’s rules for where repairs are performed, including whether they have an approved list of repair shops.

3) Pick Your Deductible

The deductible is the amount you must pay out of pocket before the insurance company kicks in when you make a claim. The greater the deductible you select, the lower your premium. If you’re a good driver and are at low risk for submitting a claim, choosing a higher deductible could be a great money-saving decision. If you do make a claim, the deductible is the amount you’re stuck coming up with, so it does need to be a sum you can afford as a standalone payment.

4) Grab Those Discounts

The insurance game is all about risk so anything that makes you appear less of a risk can potentially lower the premium you have to pay. Make sure you are getting any discounts you qualify for by checking periodically with your insurer. You may qualify for a new discount if you have gotten married, gone a long time without any accidents, or even just gotten older. You can also get a discount if you combine insurance policies such as getting homeowners and auto insurance from the same provider. If you are in the military or are a veteran, or are a close relative of one, you may be eligible for special programs. This can be the best deal of all if you qualify.

5) Choose the Right Car

Does the cost of repairing your car affect your premiums? Of course! Expensive cars will be more expensive to insure, assuming the policy includes fixing damage to your vehicle. Popular cars will have lower premiums in general due to the lower cost of repair and availability of competitively priced parts. If your car is an old beater, you may not want to insure it at all, and only carry insurance to pay for the other driver’s vehicle in the event of an accident. Even if you already have a car, there are changes you can make that can lower your premium. Don’t forget to tell your insurer about any anti-theft devices or safety features you install as that can mean savings.

By using these steps to do some research beforehand, you can find the best car insurance at the right price. It will be well worth the time spent.

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