Everybody wants to get low car insurance rates on their premiums. It seems as though people will do whatever it takes to save money these days, including sacrifice the quality of coverage that they may be receiving. When you are getting auto insurance, it is important to always weigh the quality of coverage against the price that you are being offered on your policy. If you are expected to pay for comprehensive car insurance, it is probably a good idea to make sure that the costs are worth the coverage and customer service that is being provided by the company. You should always make sure that if you are paying a very low price towards your policy that you are getting satisfactory coverage and services.
Getting Low Car Insurance Prices
Everybody wants to know how to get low auto insurance prices these days. The collapse and decline of the economy has weeded out a lot of the weaker companies that haven’t been able to provide as good of coverage for low prices. Even though you may want to save as much money as possible from the perspective of a customer, some companies provide higher quality coverage than others and are naturally going to want to charge more money for having better services and standards. If you are on a quest to get low price car insurance coverage, then you probably have all the tools that are necessary to get a low rate on your policy.
The great thing about auto insurance is that there are a wide variety of companies to choose a policy from. If you are not happy with the price that is being offered by one, you can always fall back on another for support. There are hundreds, if not thousands of companies (both mainstream and independent) that are competing for auto insurance customers; some are good and some are not so good. It is your job as a consumer to read company reviews as well as make sure that you are comparing companies in other aspects besides just the price. I can think of several companies off the top of my head that charge a very low rate, but have very poor customer support, claims support, and do not handle customer accidents effectively.
The whole key when looking for low car insurance rates is to only take advantage of them when a company is trustworthy and reliable. If you find a very low rate in your search for an insurer, but you have never heard of them and there are no customer reviews to be found, chances are that they do not provide adequate support for their customers – or even worse, they could be an insurance scam. You want to always do your research before assuming that it is smart to maximize your insurance savings by going with a company that is not considered reputable.
Finding Low Car Insurance Rates
Arguably the best place to look for low car insurance costs is through the internet. Nearly all companies that are selling auto insurance have a website that will allow you to apply for a free quote. What you will want to do is figure out which companies offer the lowest quotes and then figure out which of these providers also have good services. You can find out which companies have gotten solid customer feedback by reading about whether they have won any awards for having good insurance as well as through review websites.
Established sources of information like “consumer reports” tend to have the most thorough reviews from experts that investigate all aspects of car insurance coverage. It would be a great idea to look into companies through established review sites and articles through places like “consumer reports” before you even gather quotes. After all, you probably don’t want to waste your time getting quotes from companies that you know are not going to provide very reliable services; take time to read what the reviews say and only get quotes from companies that got good reviews.
If you don’t know where to start looking (e.g. what companies to take a look at), you could also check out “JD Power & Associates” reviews – these will go into depth for the popular companies on the market. Although companies like Geico, State Farm, AllState, and Progressive spend tons of money towards marketing (especially television advertisements), this does not always mean that they are going to be the best insurers to go with. In some cases one of these providers may be the best deal for your situation, but there are a lot of other good companies out there that you may want to check out if you are serious about getting low cost car insurance.
What Type of Car Insurance Policy do you want?
Buying car insurance all comes down to knowing what you need/want in a policy. If you have no idea what you need out of a policy, you may buy one that does not provide enough coverage. If you purchase a policy that does not provide enough coverage and you get into a severe accident, you may end up paying a lot of money out of your own pocket. On the other hand, if you buy a comprehensive policy and don’t have a very expensive vehicle, you may end up paying more money towards your insurance policy than would be necessary or worth it in the long run. For example, people that are looking for used car insurance may be able to get by with high deductibles and lower premiums due to the fact that their vehicles have a lot less total value.
You should always keep in mind what type of car insurance policy that you feel best about – because in most cases this is the policy that you should get. A lot of people are afraid to go out and get a comprehensive policy because they think that their third party car insurance policy is cheaper and more affordable. It is not really that important to know what type of coverage is the legal minimum in your state if you are working with a reputable insurance company because they will take care of all those details. On the other hand, if you are working with an independent, less experienced company, you will probably want to go out and do your own research to make sure that the policies being offered provide enough coverage.
The best way to figure out what type of insurance policy to get is to review your vehicle and chances of something going wrong while on the road. If you think that there is a good chance that something could happen to your vehicle (e.g. something could get stolen) based on the fact that it is a brand new, expensive vehicle, you may want to opt for more extensive insurance options such as fire and theft coverage. If you don’t think that anything will happen to your vehicle and it isn’t very expensive, you may want to pay less for a policy. People that think that they should get an inexpensive car insurance policy should make sure that they are getting coverage that they are satisfied with before making the investment.
Low Price Car Insurance Could Mean Less Coverage
Most people that are getting low priced auto insurance through a less reputable company will eventually come to realize that they are not getting good enough coverage. Although the initial satisfaction of paying a low price is nice, when you get in an accident or have to file a car insurance claim, it is important to have good insurance backing you up. If you are paying a low amount towards your auto insurance policy, you may not be getting coverage that is good enough. So what can you do if you are paying for the bare minimum auto insurance requirements, but think that you should probably get more coverage?
Well, you can contact your existing insurer about a possible upgrade of services to either a standard policy or one that is more comprehensive than the one that you have now. If you are not able to upgrade your existing policy, you may want to consider either: switching car insurance companies or getting a new policy when your existing policy expires. There are many options to take advantage of if you are a person that has just realize that your low cost car insurance is not providing good enough service.
Unfortunately, a lot of car insurance companies that charge extremely low prices are not able to provide their customers with enough support. I can think of several examples of companies that charge super low prices, but just don’t have what it takes to give people good support that are experiencing problems on the road like accidents; I don’t want to call companies directly out in this article. However, if you do some investigation on your own, you will likely come across several companies that maximize their customer savings, but have crappy overall services when customers are involved in road troubles, claims, and accidents.
Why are Some People Offered Low Auto Insurance Rates?
Less risky and better driving records
Many people do not put two and two together when thinking about why they may be offered low car insurance rates. One reason could be that they have very low risk based on personal factors of: being a good, experienced driver with good driving history, a clean record, and using a car that isn’t too expensive to insure. In this case, you can probably get a good deal on a standard car insurance policy with pretty much any company. There are many things that you can do to minimize your overall risk and get a better deal on your insurance, so be sure to ask around about ways in which you can save by lowering your risk.
New customer discounts
Some individuals take advantage of companies that offer great discounts for new customers. Certain companies treat their new customers better than others by offering greater savings with the hope that they will stay loyal customers for a long time. If you are looking for first time car insurance, there are a lot of companies that really want your business and that are going to offer great savings. If you happen to be a new customer with a certain company, discounts will likely not be tough to find; just ask a rep about them if you aren’t sure about how much money you can save in total.
Bundling insurance policies
Another reason that some people save additional money on their car insurance policies is due to the fact that they may be bundling other insurance coverage with their auto insurance policy. For example, there are some large insurance providers that offer deals if you buy life insurance, homeowners insurance, or other types of insurance along with your auto insurance policy. Obviously if you are buying different types of insurance through different providers, you may want to do some investigating to find out whether you could be saving by going through the same company for both types of coverage.
Getting help from a broker
Another way to make sure that you get low car insurance rates is to work with a broker. Brokers try to get people low rates on their auto insurance and have researched many different companies so they know which ones are going to be best to work with and which companies many people have been satisfied with. In other words, since it is their job to find people low cost insurance, they are going to make sure that they know which companies provide the best “bang for your buck” when it comes to insurance. If you do not know much about finding a deal on your own, it would be a good idea to at least consider working with car insurance brokers.
Why You May not Want Low Cost Car Insurance
Some people swear by getting the lowest car insurance coverage available, but as you hopefully have learned in this article, getting the lowest price does not necessarily mean that you are going to get quality coverage. Upon writing a particular review of Tesco car insurance, I found that they offered great ways to save for their customers as well as very low prices. Everything seemed good about this UK based company until I did some digging of my own only to find that many people were unhappy with their customer service. Some people wrote about the fact that they got into an accident and got absolutely no support whatsoever from this company.
Now I don’t know whether this particular company has improved at all since the reviews were written and they did have a few positive reviews from satisfied customers, so I don’t want to single them out. However, there are many companies these days that are giving out low auto insurance rates with the hope that people sign up without doing their research. If you take the time to look into customer satisfaction, you will find out whether paying a low price is going to provide you with good enough coverage to get help if you are involved in an accident. Hint: if you are working with a good company, they should always help you in the event of an accident or with a claim; they should live up to their policy description and advertisements.
For some people though, getting low cost car insurance isn’t necessarily the best way to go. People that have expensive cars that need extensive coverage may want to invest in more expensive, standard or comprehensive car insurance coverage. Don’t think that the bare minimum is always best when it comes to auto insurance – because as it turns out, paying the bare minimum will not usually get you the best overall service. Make sure you find out what type of policy you need and then find ways to make the most of the deals that you are offered through various discounters and savings opportunities.