Before making an investment, it’s always wiser to understand the terms and conditions of your choice. Buying auto insurance is no different. There are countless small things that affect your premium rates and you should keep them in mind. That is why we have created a list of 7 smart tips to follow before deciding on an insurance policy.
Consider Your Budget
The rates of car insurance are proportional to the type of car you own. If you like to add luxury accessories in your car, know that insurers do not have a high regard for modified vehicles. Even tinted lenses can cost you higher insurance rates. But hiding modifications can lead to higher premiums too. So, if you are a new driver and prefer to have low insurance rates, then a smaller and less expensive car may be the one for you. But if you have experience and have spent a fortune on your car, then you should be willing to pay higher insurance rates.
Search For Discounts
You can get discounts on your auto insurance in several ways. For example, if you have a good driving record, you would be eligible for a discount and most insurers automatically apply it. However, if you are hoping to get more discounts, then you may have to do some hunting on your part. Get a defensive driving course to increase your credibility. If you do not use your car for daily trips, talk to your insurer and request a discount. If you are a teenager or have a teenager who would drive your car, request a discount for teenagers. Some insurers give you discounts when they register as you along with your family member or a group.
Know Your Road Skills
Sometimes, insurers charge higher premiums based on the driver’s age and sex. This cannot be changed but you can change your ability to drive. Complete basic and advanced safe driving courses from a reputable institution, and you may be eligible for a lower insurance rates and discounts of up to 15 percent. Institutes such as The Driving Standard Agency and The Institute of Advanced Motoring offer courses that most insurers recognize. Equip yourself with these certifications to get better insurance rates.
What Is Your Maximum Coverage?
Before going ahead and closing the deal with an insurance company, make sure you understand if the policy has maximum coverage. Some policies offer only a certain amount as coverage and you may have to purchase additional insurance to cover the remaining costs. If you are not sure, it is always safer to check with your insurance company.
You never know when you’ll have questions about your insurance policy. Choose an insurance company that offers 24-hour support services and online help portals to help you solve problems. It is also good to make sure that your insurance company has a suitable website and mobile applications so you can pay your premiums online, manage policies and claims, and track repairs on claimed vehicles. For convenience, don’t hesitate to ask for on-road services like towing and repair. Ensure that the insurance company you choose has excellent customer service who are available 24/7 to answer all the questions you may have.
Think Long Term
In some states like Pennsylvania and New Jersey, insurance companies sell discounted insurance policies known as “limited tort”. However, you may have to give up some of the benefits. For example, under limited tort, despite the fault being from the other party, you cannot claim additional payments for your “pain and suffering.” Do not fall for discounts and choose cheap insurance; it is better to go for “full tort”
Consider Security Measures.
Insurance companies consider you for a discount if you have a garage. It may seem insignificant, but the risk of theft and vandalism is much less if you have a garage for when you don’t use your car. Leaving your car on the street can be risky and can cost you higher premiums. Install security devices and alarms and get approval from your insurance company to get a benefit from your premium.
Buying insurance does not have to be complicated. If you know what you are looking for and if you know the sales strategies of the insurer, you can obtain reliable and cost efficient insurance at any time. And if you need help, we are just around the corner waiting to help you.
How did you buy your insurance? Would you add anything else to our list? Share your insurance purchase adventures with us in the comments below. Also, contact us on 888-871-8890 to get free auto insurance quotes from top companies.