Shopping Around For Auto Insurance Coverage

ByMarc R Berry

Yes, it is true, by shopping your auto insurance you could potentially save up to 30% or more on your auto insurance rates. In order to get the best competitive quotes it is important that you know a few things about comparing auto insurance rates:

Be sure to compare Apples to ApplesDo some quick research on the insurance companies that want to quote your businessAsk about discountsUse a site that will provide multiple quotes

Comparing Apples to Apples

It is important to make sure that you use exactly the same coverages for every company that is quoting your business. If you select a $500 collision deductible for one company & a $1000 deductible for another, your rate quotes will definitely be different. What your after is the best rate for the same coverages.

Research the companies

Even though you may recognize an insurance company name, we still suggest you check on the financial strength rating of each company. One of the better sites out there in terms of checking the financial strength of an insurance company is AM Best, link at bottom of this article.

Ask about discounts

All auto insurance companies offer discounts although not all offer the same discounts. This is a great opportunity for you to reduce your rates. Unfortunately, not all insurance agents or companies will offer them to you when you are purchasing a policy. So, be sure to ask as every discount adds up and can save you hundreds per year. Below are some of the most common discounts you should ask about if they are relevant to your situation:

Good driver discount: have you been free of speeding tickets or other driving violations? If so, this can save you a bundle.Safe driver discount: have you been accident free? If so, this one definitely applies to you.Are you a student? many insurance companies offer discounts for students that earn a certain GPA. You will need to check with each as the GPA may different for each.Multi-car discount: if you insure all of your vehicles with the same carrier, they will often offer an additional discount.Anti-theft equipment: if you have this type of equipment, whether it is stock or aftermarket, let the insurance company know about it.Low mileage: the fewer miles you drive the lower your rates. The less you drive, the lower the risk of being in an accident

Use a site that will provide multiple quotes

Many of us typically think of going directly to an insurance carriers site, such as GEICO or Progressive, to get auto insurance quotes. Although there is nothing wrong with that, remember that our goal with shopping for cheaper rates is to compare companies to get the best rate. Although you could go to each companies site and fill out their form, that seems like a bit of a waste of your time. I suggest using a auto insurance comparison site to shop. By doing this, you fill out one form and are quoted by multiple insurance companies.

Industry data suggests that most people prefer to get 2 to 3 quotes from different companies before making a purchase decision. When you use a comparison site that is what you will get.

So, in summary, yes, shopping around for cheaper auto insurance rates can definitely save you money. If you are sure to remember the few points above, I am confident your shopping experience will yield a much better result and hopefully get you on your way to saving money on insurance.

Helpful link: AM Best

Marc Berry brings over 8 years of direct experience in the auto insurance field, having worked for 2 of the largest and most respected insurance companies in the nation.

Marc' site also allows you to get free auto insurance quotes from the nations leading provider.

Visit SecureMyAutoInsurance and find your savings!

Article Source:http://EzineArticles.com/?expert=Marc_R_Berry

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Marc R Berry

Email Address:SubscribeCar Auto Article FeedFind More ArticlesSearchSimilar ArticlesDiscount Auto Insurance - Get Low Rates And Superior CoverageTop Rated Auto Insurance Companies in United StatesCar Insurance - Cheap Low Cost Auto InsuranceHow to Get Low Rates - Auto InsuranceCar Insurance Cost - What Type of Insurance Do You Need?Homeowners Guide to Home Insurance Discounts, Reduced Rates and SavingsWhere to Get Car Insurance With Low RatesTips For Saving On The Best-Rated Auto Insurance At An Ultra Low PriceGet Low Rate Car Insurance Today - How to Find OneWhich Top Rated Car Insurance Company to Choose?Recent ArticlesAuto Insurance - Describing Insurance BenefitsGirly Men Save On Car InsuranceGap Insurance - To Defer or Not to Defer, That Is the QuestionAffordable Car Insurance for Teen DriversBenefits of Short Term Car InsuranceSaving Money on Car Insurance TipsCar Insurance - What You Need to Know About ItMerits Of Car InsuranceCar Insurance Advice That Is Proven BeneficialThe Hidden Costs of Car InsuranceSubmitted On February 23, 2012. Viewed 5 times. Word count: 594.

MLA Style Citation:
Berry, Marc R.".".23 Feb. 2012EzineArticles.com.2 Mar. 2012 .APA Style Citation:
Berry, M. R. (2012, February 23). . Retrieved March 2, 2012, from http://ezinearticles.com/?Shopping-­Around-­For-­Auto-­Insurance-­Coverage&id=6900908Chicago Style Citation:
Berry, Marc R. "." EzineArticles.com. http://ezinearticles.com/?Shopping-­Around-­For-­Auto-­Insurance-­Coverage&id=6900908EzineArticles.com© 2012 EzineArticles.com
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