THURSDAY, AUGUST 25, 2011
When shopping for auto insurance, the first important thing to remember is that the lowest or even the highest rates don’t always mean they’re the most suitable insurance policy for your car. Take the time to understand how auto insurance policies differ and find out exactly what type of protection your car is in need of.
1. You don’t bother finding out what’s included in the package.
Think coverage. Do they cover damages for yourself and your car if it turns out that the accident’s your fault? For that matter, do you think you’ll need that kind of protection? When considering what type of coverage you’d like your insurance policy to include, take into account the condition of your car, your driving skills (be honest with yourself about this), and whether you’re driving the car for business or personal purposes.
2. You lie about your driving history.
Speaking of driving skills, if you’re thinking of lying to an insurance company about your driving history then you should know that they always double-check information provided by clients. They’ll find out you’re lying sooner or later, and that may influence them into giving you a more expensive rate than usual.
3. You don’t look for ways to get a discount.
Most – if not all – people are entitled to discounts on auto insurance. It’s just a matter of finding the right way or the right company to ask about it. If your home insurance provider is also selling car insurance, you can ask for a “bundled” package and enjoy discounted rates as a result. If not, ask your prospective insurance company what discount programs they’re currently offering and see if you’re eligible for any of them.
4. You don’t pay on time.
This is literally one of the costliest mistakes you can make. Paying late or, worse, missing out on one or two months’ payments won’t just cause a terrible stain on your credit history. It may also force your insurance company to increase your monthly rates, which is well within their legal rights to do so.
5. You don’t bother asking for quotes.
Asking for a quote may seem like something automatic for insurance shopping drivers to do, but surprisingly enough many people neglect this step entirely. In fact, a recent survey by J.D. Power & Associates reveals that only 1/3 of auto insurance policyholders actually took the time to ask for a car insurance quote in the past year.
The auto insurance business is very competitive, with companies trying to best each other in giving clients the better package. You owe it to yourself to take advantage of this. Start asking for quotes today, and you’re sure to have a high-value but reasonably priced car insurance policy in no time.
By Matt Reynolds - Google+
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