Local Insurance Broker Explains Car Insurance
This quick guide will give you a few tips to help you find the right coverage and get the best auto insurance rates.
- You’re a statistic.
To the insurance companies you’re not a person; you’re a set of risks. An insurer bases its premium (or its decision to insure you at all) on your “risk factors,” including some things that may seem unrelated to driving a car, like your occupation, who you are and how you live.
- Compare before you buy
Insurance companies differ, so like anything else you buy, what seems to be the same product can have different prices, depending on the company. Compare auto insurance companies with a local insurance broker to save you time and money. When you do this, be prepared! Having your current declarations page handy will be extremely helpful to you and the agent or broker you’re working with.
- Don’t just look at price.
Look at your current policy. Are you comparing “Apples to Apples?” Should you consider better coverage? Cheaper car insurance is no bargain, if you don’t have adequate coverage.
- Go beyond the basics.
Again, take into consideration if you have enough coverage if you were in an accident TODAY. Are your limits high enough? Can you afford the deductable? Will you need a rental car if your car goes into the shop? Your auto insurance broker can go over these questions with you at time of quoting.
- Uninsured or Underinsured?
Do you have coverage on your policy if you were in an accident today with an “Uninsured” or “Underinsured” driver? This often does not cost a lot to add to your policy and protects YOU if you are hit by someone who doesn’t have insurance, or doesn’t have enough insurance.
- Ask about discounts.
Insurance companies provide discounts to reward behavior that reduces risk. However, Americans waste money every a year because they forget to ask for them!
- Bundle for Savings!
Do you own a home or rent? Do you have or need an umbrella policy? What about toys? Bringing all your policies together with the same company will likely save you money. Talk to your agent or broker today about a “Multi-Policy” discount.
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