Prices for the same coverage can vary greatly from one company to another. Request at least three quotes from three different sources either from agents or insurance brokers, directly from the insurance company or through the Internet. It is possible that the Department of manufacturers insurance in the state where you live has guidelines on how much insurers charge for different types of auto policies. Some insurance companies have their own agencies and they can also offer their policies through authorized agents or insurance brokers who simultaneously handle insurance from several insurance companies. Other companies sell their products or policies directly to the consumer through Internet services or by telephone.
Ask for quotes from various types of insurance companies
The insurance company you choose should not only offer you good prices but also an excellent service. Sometimes, a better service may cost a little more expensive. Also compare the service of the different agents that you contact and ask them what they can offer to reduce costs. Do not buy only based on the price, ask for references to your friends and family about insurance companies that have given good service and good prices.
The Department of Insurance in the state where you live can tell you if the company you are considering doing business with has received complaints and in what proportion compared to the number of policies you sell. Find out the financial rating of the companies that interest you through one of the independent rating agencies with Standard and Poor and even consulting finance or consumer magazines. Select an agent or company whose representative takes the time to answer your questions.
What should you know else?
Before buying your insurance compare the insurance costs. Be sure to find out how much it will cost to insure the car. Part of the cost of insurance premiums will be affected as a result of the type of car, the purchase price, the cost of repairing it, its overall safety performance and the possibilities of theft. Many insurances offer additional discounts to drivers who install security measures or whose cars have elements that already come from the factory. For example, whether or not they have airbags, use daytime running lights, use devices that prevent or make it more difficult to steal, have anti-lock brakes, etc.
Conclusion: Increase deductibles
Deductibles represent the amount of money you must pay before making an insurance claim. The higher the deductible is, the cheaper the insurance will. For example, if you increase your deductible from $ 200 to $ 500, you will reduce the annual cost of insurance from 15% to 30%. A thousand dollar deductible can save you up to 40% on the insurance premium.Some states in particular require the insurance or insurance company to give additional discounts to their customers for installing additional security measures in their car.