Are you looking to find a car insurance policy that’s best catered to your vehicle but don’t know where to start?
Then look no further! Steer clear of any confusion and rev up your savings with this ultimate guide on 6 tips for finding the best car insurance policy.
- 1. Window Shop for Policies
- 2. Stay Defensive, Not Offensive
- 3. Use the Power of Discounts
- 4. Don’t Ignore Reviews and Recommendations
- 5. Determine Your Needs
- 6. See an Insurance Agent
- Frequently Asked Questions About Car Insurance
1. Window Shop for Policies
When it comes to buying insurance, always compare, compare, and compare. You want to avoid being a one-lane driver and look around at different providers and their policies. That’s because different companies offer different rates, and you may find your unique fit this way.
Pro tip: If you find yourself stuck between two companies, let each company know the other’s offered rates and ask for flexibility. Competitors often bend their rules to retain a customer!
2. Stay Defensive, Not Offensive
Remember to drive safely, opting for a defensive driving approach instead of an offensive one! That’s because cost is often a significant factor that makes choosing a policy difficult. And good car insurance companies like ROLLiN’ Insurance love easy drivers with a good record, often being much more catering to them via benefits such as the Good Driver discount. The opposite is true as well — simply having a speeding record increases your charges by a whopping average of $400.
Pro tip: Complete a defensive driving course to avail the Good Driver premium to the max.
3. Use the Power of Discounts
In addition to the Good Driver Discount, you can avail a range of other pecuniary benefits by tapping into the world of discounts!
For example, by installing safety features in your car, such as anti-theft systems, you are made eligible for a Safety Gear Discount. Additionally, you may avail a Low Mileage Discount if your car’s mileage is lower than a set figure. This is because companies associate lower mileage with reduced probability of an accident.
Here is a more comprehensive guide on different car insurance discounts you can read up to reduce insurance cost and make finding the best policy for yourself a bit easier.
4. Don’t Ignore Reviews and Recommendations
When looking for the best car insurance policy, don’t forget to check out online review platforms and acquaintances to see what other people have to say on the matter.
Learn from their experience and gain insight into different insurance providers. Pay special attention to the feedback people have to give in terms of claim processes and customer service.
5. Determine Your Needs
Another key to finding the best car insurance policy for you is to determine your needs.
An individual with a relatively old car wishing to purchase a new one a few years down the line may opt for an insurance plan that skims out on the range of protection provided to maximize savings.
On the other hand, someone with a recently bought car may find it better to cash out on a relatively expensive comprehensive car coverage plan to stay protected against a wide range of damages.
6. See an Insurance Agent
If all else fails and you still find yourself in doubt, it might be a good time to leave it to the experts!
There are various agencies out there that do all the heavy weight lifting for you. This pool of professionals comes with valuable insight and experience, and navigate the tricky terrains of car insurance for you.
So communicate your general outline of requirements and leave an insurance agent to piece together the perfect insurance policy for you at the right price. Their insider knowledge and access to high-quality resources is bound to leave you with the best possible outcome.
Keep in mind that they may be a bit costly, but it’s better than spending on expensive car repairs due to inappropriate coverage.
Frequently Asked Questions About Car Insurance
How Much Does a Car Insurance Policy Cost?
According to the Insurance Information Institute, car insurance policies cost $1,601 on average. However, it is important to note that individual rates vary based on several key factors, such as:
- Credit history
- Car type and model
- Driving record
- Driver’s age and experience
You can read about how car insurance is calculated here.
How to File for a Car Insurance Claim?
The exact claims process may vary based on the provider, the nature of the claim, and your location. But here is a general outline you may follow if you have an accident:
- Ensure the safety of all involved in the accident
- Document the accident — take pictures of the damage and identify witnesses
- Notify your insurance company as soon as you can
- Cooperate with the claims adjuster
- Document any resulting expenses
- Cooperate with the investigation if necessary
- Review settlement
- Accept or negotiate a settlement (or file a lawsuit instead)
Keep in mind that the normal wear and tear of mechanical and perishable parts (like batteries) and all internal damages are not covered until the time at which the accident (and the consequent damage) occurs.