Shopping for Car Insurance
Have you ever felt overwhelmed while shopping for car insurance?
How much car insurance do I need? Should I get rental car insurance? How about glass coverage? The answer to all of these questions is yes! When shopping for car insurance, you need to shop around and get many quotes and then compare all of them. Some companies offer you discounts if you have multiple cars. Insurance companies will offer you a discount if you have multiple product lines like your home and life insurance. Others will also offer you a discount if your child is an A student. Many companies will even offer you money for safe driving.
With all that being said, you need to make sure that you are doing your homework when looking at different companies. Just because they are saving you money doesn’t necessarily mean they are the best company. You need to go online and look at company reviews. If they are giving you a cheaper rate, do they give you the best customer service? How do they handle claims? Are they quick to get your claim settled, or do they make you jump through hoops to get your car fixed after an accident? If the time ever came when you or a loved one is involved in an accident, do you want that car looked at and fixed right away, or do you want to wait weeks before they acknowledge claim? Can you go to any collision center that you want, or do they make you go to the one they want you to go to?
How much of a deductible should you have?
Many people do a higher deductible thinking they are saving money monthly which may be true, but if you have to then pay your deductible after an accident, are you really going to be able to then pay that high deductible? So it is a smarter idea to have the lower deductible to ensure that you will be able to pay it if the need ever arose.
Another point to think about is if you have an older car should you still have comp and collision on that vehicle?
Yes: because while the car may be older, if you get into an accident and do not have collision on that vehicle but that vehicle is not totaled by the insurance company, you are then going to have a very large bill to fix your vehicle. So, it would make more sense to be sure you are covered.
Should you go with your States minimum limits?
I do not recommend doing that. You need to make sure that you are properly insured. Electing to go with the absolute minimums for coverage may leave you unprotected. If you get hit by another car and you are injured and they have no insurance or they have the very minimum for coverage, and it all has to be placed on your insurance company, you may not get proper medical attention if you do not have more than your state’s minimum. Or your vehicle may not be able to get properly fixed.
The best advice is to make sure you do your homework, research many different companies before you get your quotes, then call around and get more than one quote. Compare all your quotes and make sure that you are not going to the company with the cheapest rates but are going with the company that offers you the most bang for your buck.