Top Tools to Use When Shopping for Car Insurance


car insurance calculatorShopping for car insurance is not the way most people prefer to spend their time, but it is time well spent. Comparison-shopping for auto insurance is easier now than at anytime in the past. The simplest and quickest way to shop for insurance is by using the Internet. Everything you need to get the best insurance for the best price is on the web. People can search at anytime and from any place. There are tools available for consumers to use to their advantage.

Saving money on insurance rates starts with becoming an educated consumer. Learn to understand insurance terminology. People must know what they are shopping for before they can shop responsibly. Consumers frequently purchase an insurance policy with coverage they most likely will never use. Make a list consisting of the different types of insurance that you think you may need.

Learn what the different types of insurance coverage pay for and write it down. The next step is to go over all your personal finances. People must decide how much money they can afford to pay for auto insurance coverage. There are many options to help keep the premium affordable. Unnecessary coverage, deductibles and discounts when utilized properly, can make a big difference in the cost of insurance.

Consumers should take into consideration their personal driving habits. Consumers that are prone to have accidents are likely to need more insurance than someone who seldom files a claim. Consider the age and type of car being insured. Find out if its high on the list of stolen vehicles and make a note of the safety features. If a vehicle is over 10 years old, full coverage is often not worth the cost of the premium.

Almost every state requires car owners to purchase some kind of auto insurance. The type and amount of coverage varies from state to state. Car owners must learn what their home state requires. If there is an outstanding loan on your vehicle, your financer will probably require full coverage until the debt is paid. This type of insurance is not optional, so you can put them at the top of your purchase list. Add the insurance coverage that you have decided you need to the list.

Learn the discounts. Research and write down discounts that are available and then determine which ones apply to you. There are available discounts for all age groups starting at age 16 and continuing as long as you purchase insurance. As consumers age, one discounts may no longer apply, but be aware that there are normally other discounts that will take their place. After you have decided on the coverage you need, you are ready to go comparison-shopping.

The most important tool on the Internet at your disposal is a car insurance calculator. Online calculator forms usually only take 10 minutes to fill out. There are sites where you can get several quotes at the same time by filling out one form. If you use multiple sites, make sure you enter the same information for accurate quotes. FYI, I recommend carinsurancecalculatoronline.com for all your car insurance calculation needs.  Double-check every form you fill out. If you make one typo on a car insurance calculator form, it can amount to hundreds of dollars and an incorrect quote.

When you have narrowed your list down to several insurance companies you are interested in, research them. Aim for a company with longevity that has shown financial stability. Check with your states Department of Insurance to see if any complaints are on file. Verify a company’s financial status by checking Standard & Poor and A.M. Best ratings. J.D. Power and Associates rates insurance company based on their performance records. The rating company factors in everything from customer service to the payment of claims.

The reason for comparison-shopping is not to always get the cheapest insurance rates, but rather to get adequate insurance service and coverage for the least amount of money. Never purchase a policy just because it is cheap. You may not have the proper coverage or the insurance company may not be reliable and when it comes time to pay out claims. Combining all the tools available will result in coverage specifically suited for you at the best available price.

photo by dhilowitz

Written by Jon the Saver

This post was written by yours truly, Jon Elder. My mission is to help you succeed in your personal finance life. Join me on the journey to financial freedom! You can subscribe through RSS FEED or EMAIL updates. You can also find me on TWITTER
and FACEBOOK
. Happy investing 🙂

Jon the Saver

This post was written by yours truly, Jon Elder. My mission is to help you succeed in your personal finance life. Join me on the journey to financial freedom! You can subscribe through RSS FEED or EMAIL updates. You can also find me on TWITTER and FACEBOOK . Happy investing 🙂

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