My name is Eric Bowman, and if you have questions about insurance, this is the blog you need to read. I was always confused when I had to purchase insurance. I would either end up paying for insurance I didn't need or I wouldn't buy the right policy. I finally decided that I was going to learn all I could about insurance policies so that I would understand exactly what I was buying. Now, I am completely satisfied with my insurance and the coverage is just what I need. I realized that there are others who are probably just as confused as I was, so I am writing this blog to help others get the best insurance for their needs and budget. I hope that my blog gives you the information you need to make the right choices when purchasing insurance.
If you suspect that you are paying too much for your car insurance, you may be right, especially if you haven't requested any quotes in a long time. The best way to reduce your car insurance premiums is to get several quotes from a few insurance companies. But there are a few things you should do to prepare for the quoting process. The following are the most important.
Determine What Coverage You Need
If you haven't looked at your coverage for a while, you may find that you don't need as much anymore. Cars age and you may not want all of the comprehensive and collision you currently have. You may want to increase your deductible. If you want the best auto insurance, you need to have the exact coverage you are looking for, so you can request the exact coverage to each insurance company.
Determine Any Discounts You Are Entitled To
Not every insurance company will offer the same discounts and not every insurance company will offer the same percentage discount. So it is important that you ask for all of the most common discounts. If you are a homeowner, mention this. Homeowners are thought to be lower risks. Seniors, too, often get a discount. If you're in the military, you may get a discount, and obviously, a good driving discount is something that most insurance companies give. If you have any anti-theft devices, you need to mention them in your quotes. You can also ask for any additional discounts that you haven't listed.
Make a List of Companies You Wish to Request Quotes From
With your coverage well defined, and your list of possible discounts, you are ready to begin the quotation process. First, however, you need to make a list of insurance companies that you want to request quotes from. You should include a couple of large insurance companies because they have reputations for quality service. You should also include a couple of discount insurance companies. And you should include at least one broker. This type of insurance agent deals with several insurance companies and will look for the cheapest policy for you. Although they are middlemen, they do get large discounts from insurance companies and can often be surprisingly competitive with their quotes.
Keep in mind that you are not necessarily looking for the lowest quote. Cut-rate insurance policies may not be worth the cost if they don't have as much coverage. With any policy, you will want to read the details before making a purchase. Also, low-cost policies may seem like a deal until you need to file a claim. At this point, the service may be less than desired. The lesson here is to do some research on the companies with the best price before making a commitment.