Quite a few people may misunderstand when cheap auto insurance is mentioned. It is partly because sales agents love to put the lower quote providers down when they cannot beat them. We are well aware of the saying cheap for a reason. That may be true but the reason does not have to be negative. In fact, it is our claim that at least one of the cheapest rates offered to an applicant will come from a top car insurer as long as the driver has at least average driving history.
Finding Satisfactory Auto Insurance Coverage
Still we can do a few things to be sure that we will be fully satisfied with the policy offered. The first step is to decide on the level of coverage we want to have. This is highly important when you have to hold your grounds. Some keen agents may like to push their luck with you knowing you like the premium on offer. Then, you can turn down a quote regardless of how low it is when it is not meeting cover requirements. Similarly, you can refuse to buy something you do not need.
You need to consider your personal circumstances when choosing minimum coverage required. For example, you may be currently working with a limited household budget and highly dependent on your automobile. You would probably struggle to buy a replacement should something happen to the car. In that case, you should try to insure it within your budget. There are several ways of achieving this goal. You could increase the deductibles and keep the cover to absolute minimum to make the premiums affordable. Further suggestions are available below.
An independent broker (not a tied agent) would be able to help motorists come up with an acceptable level of coverage. An independent advisor will have to first find out what is that you are looking for before they can dive into searching. Clients can tell them their needs in plain English and brokers will be able to work out what it means in terms of a policy. Their services will be extra helpful for new drivers. Experienced motorists should be able to determine what is best for them.
Time for Comparison Shopping
Comparison shopping allows policyholders to see if they are really getting good deals. Many policyholders were thinking that they were getting great rates from their current carriers. That is until they compared the renewal terms with alternatives. There are reliable studies to suggest that most loyal policyholders can do better should they shop around a little.
First rule of searching for the cheapest car insurance quotes is to provide exactly the same details to every company you go for. When you get the offers on the table there is one less thing to worry about. Since you already know the bases of each quote price becomes a clear comparison tool. Next, you should eliminate the most expensive ones and make a shortlist of companies.
Considering 70% of vehicle policies in the United States of America are sold by top 10 companies by market share there is a high chance at least one of them will be on the list of lowest providers. This is not to suggest that you should go with one of them. Seeing them there offering cheap rates will show motorists that there is probably nothing wrong with other lesser known firms’ quotes either.
However, it is probably common sense to discard a quote that is way lower than the rest of them and from an unknown provider. Comparing the possible products is a great tool when shopping for anything. Otherwise, it is hard to say if a product is good or bad, expensive or cheap without another similar one to compare to.
Possible Car Insurance Rate Discounts
Various automobile insurance companies are using different variables to calculate the quotes. That is why it is important to get several quotations and compare them as explained above. The main reason we mentioned this fact is to say that you should fill the quote forms attentively. You do not want to miss out on possible premium savings.
Lately financial position of an applicant is becoming an important factor for many companies as well as education, occupation, homeownership and marital status. You do not want to sell yourself short. For example, many people are in a committed relationship even though they are not married and companies accept those couples as good as married. State your current relationship status properly. In the same way, you may consider yourself a homeowner even if the property owned by your partner solely. If you are in a stable relationship and you are not paying rent (but contributing to mortgage payments) you are probably a homeowner.
It is easy to extent examples of how you could qualify for discounts. If you started working several days from home you will not need to commute to work on those days. Then, you will probably be driving lower mileages and hours. Mention this as well and you may get savings. Call your current insurer at renewal and see how flexible they are on rates and have you missed out on any discounts.
What to Do When You are Not Sure Which Company to Choose?
Sometimes it may not be a clear cut decision to pick one auto insurer. In such cases, policyholders tend to stay put. Few hundred dollars of savings may not be enough for some people to brave the switch. If you are in a similar situation you should call the companies in question. This will clear one or two concerns you may have and help you make your mind either way.
Some smart agents can put in extra savings to swing your decision. Every little helps and you want to take as much premium cuts as you can get. Another possibility is to go back to the current provider and ask them to match your lowest quote. It is fair to give them a second chance if you think they deserve it. If they are game you can lower the costs without even switching.
Hopefully, we convinced you that you can safely get the lowest possible auto insurance premiums with a little effort. Keep this in mind at your next renewal and make the most of online comparison sites like this one.