Lets admit it. We all want low cost auto insurance these days. And there is absolutely nothing wrong with that. Who can blame us for wanting to save money on car insurance? In the last few years premiums have sky rocketed.
It always amazes me when I hear some of my friends moaning about high premiums and poor customer service. When I ask, “And why are you still with that insurance company?” usually the answer is “Oh, I don’t know, I have always been with them”. What I hear though is “I can’t be bother changing them, I’ll rather moan about it”. The conversation ends there.
Did you know that more than 70% of Americans are paying more on auto insurance than they have to? Isn’t that a shocking number? In this day and age, it is not difficult at all to find low cost car insurance with adequate coverage too. So what is the reason for all that? Surely, no one overpays because its fun.
Auto insurance can be confusing
Ok, no one can argue here – car insurance can be confusing. Especially, when some “commission-hungry” agent intentionally uses jargon and meaningless phrases. Many of us tend to agree with things we don’t understand and sign policies we don’t read, in order not to look stupid, even if that means paying over the odds.
The truth is that choosing the right coverage is not that difficult and with a little bit of effort, even a 10 year old kid can do it. Here is what you need to take into consideration
- Basic State Requirements. The first step is to check the auto insurance law in your state and see what is the minimum liability auto insurance required. Every state has different regulations. Usually you have heard these liability minimums referred to as 15/30/15 or 25/50/30. The first two figures show the bodily injury limits in thousands, the third number is property damage liability. If you think that the state liability limits are low, you can always increase them. In fact, most insurance experts recommend that.
- Your personal requirements. What may seem as low cost auto insurance to you, may be an expensive coverage for someone else. For those who drive older cars, full coverage auto insurance (collusion and comprehensive) may seem like a waste of money. On the other hand, if you have purchased a brand you car and you are still paying for you, you may find that adding such coverage to your policy is worth while as well. Your place of residence can have an effect on your auto insurance needs too. If you live in Florida, where every 4th driver is uninsured, you may seriously consider purchasing uninsured motorist coverage.
Once you are familiar with yours and the state’s requirements, auto insurance doesn’t seem so confusing.
Getting auto insurance discounts
Have you ever asked an insurer “Now then, what kind of discounts are you prepared to offer me?”. If you have, you are one of the very few. Most people don’t ask because they don’t think they are entitled to.
Auto insurance is a tough business. Insurance companies are at war and fight for each customer, as you can probably see by the number of car insurance ads on TV. They know the value of each customer and would rather offer discounts then not get the business. Unless you have a bad driving record with a DUI behind your back and a poor credit score, you should be able to save money. From homeowers, who combine policies, to students with good grades and seniors taking advance driving courses, everyone qualifies to low cost auto insurance. Just ask for it.
Shopping around is easier than you think
‘Who has time for that?’ and ‘Isn’t it too much hassle?’ are some of the answers I get when I ask people if they shop around for auto insurance. Lets think carefully about this one. In two minutes you can complete an online form which may help you save hundreds of dollars and that’s too much hassle that takes too long? I don’t think so. Its not like years ago, when you had to pick up the phone and ring each insurance company separately. Repeating the same information again and again is not fun, I agree. Fortunately, thanks to the internet, you don’t have to do that any more.
And here is a pro tip, virtually guaranteeing you low cost car insurance. Check what offers are available online, get the lowest possible quote and then right your local insurance agent asking if they can beat that quote. Insurance agents usually work on a huge commission and would be more than happy to give up some of it in order to get the sale.
Start here by getting free no-obligation auto insurance quotes now
