One thing you cannot skip when you buy a car is automotive insurance. It’s the law that you have it, and it will protect you from potential financial disaster too. However, it’s essential to do your research before buying insurance.
1. Know How Much Coverage You Need
Every state has a minimum coverage law. Find out what that is so that you know what the minimum you need is. However, also consider the ramifications of only having the minimum coverage amount in your personal situation.
2. Consider Local and Regional Choices
While there are many nationally owned companies, there are also some regional choices that are legit. The only way to know for sure, though, is to do your research into those local companies to find out how honest they are. However, plenty of regional options are legit and affordable.
3. Where Do You Get Other Insurance Now?
If you already buy life insurance, medical insurance, or renters or homeowners insurance, you may be entitled to a discount if you bundle all your insurance needs with one company.
4. Ask Your Bank or Credit Union
If you use a bank and especially a credit union, they likely offer insurance too. You may get a discount with them due to them having so many people using that insurance. There is a discount because everyone is paying in the group.
5. Check Your Memberships
If you’re a member of any club or organization from shopping clubs like Costco to AARP and others, you may be entitled to a discount on your insurance through them.
6. Ask Friends Which Company They Like
Your friends and family are the perfect people to ask to find out what car insurance company they use. Ask them why they like them or what they’d change if they could. That can give you more insight than just asking "what company" they use.
7. Get Quotes from Trusted Sources
You can also find sources online to help you find insurance. Be aware that many online systems will enter you into a bank where many people will start calling you. This is not the best way to find a good deal. Plus, the number of calls you’ll get is irritating.
8. Ask Them about Discounts Available
When you do talk to a company, always get a quote first, then ask them if there are any discounts you may qualify for over and above the quote they’ve given you.
9. Research the Companies' Records
Once you have a list of companies and quotes that you like, check them out. Do a search online to find out how people are talking about them. Look for lawsuits and other information that goes beyond individual reports.
There are many factors to consider when looking for the right insurance for your car. However, don’t make it only about the price. Ensure that you know enough about the company you chose to know that they do pay valid claims without a big fight. Some companies are set up just to take your premium but pay out nothing. Do your due diligence and choose a reputable company that has reasonable and affordable rates.