Most of us don’t think about auto insurance on a daily basis until we suddenly need it following a traffic accident. On the other hand, you might be driving around town without it and constantly thinking of the serious consequences facing you if you ever get caught. In either case, you probably don’t know as much about auto insurance as you might think.
The one thing you do know is – insuring your car, depending on what kind you drive, can be a rather expensive monthly bill. But, the obvious trade-off is – it beats having to pay for all the damages directly out of your pocket if you have a car accident. That’s why, being well-informed when shopping for insurance can save you a great deal of money. Here are a few things you may want to consider:
1. Don’t just settle for what you have
Auto insurance companies are desperately competing for your business. Their ads are everywhere – TV, radio, online, and in print. Don’t be afraid to take advantage of potential savings. You have many choices, and the opportunities are there for you to comparison shop and evaluate what different companies are offering to get you to switch.
• Avoid picking a company on dirt cheap price alone – The lowest price or the highest doesn’t necessarily make them the perfect one for you. Look into their claims process. Is it highly rated with a good reputation of rapid, efficient service or are their claim centers few and far between, hard to get to, and known for slow, frustrating response times in processing your claim?
2. Look beyond the obvious
While all states require only a minimum amount of coverage in regards to auto insurance liability, it’s often a good idea to increase those minimums for added protection in the event of a serious accident.
• Car replacement parts are often not the original equipment. Insurance companies frequently use after-market parts to save money in order to cut their costs of repairing damaged vehicles. While most replacement parts may be of equal quality as original equipment manufacturer (OEM) parts, don’t simply assume that’s what your insurance company will use.
• Take advantage of all available discounts. There are many discounts you may qualify for, such as good driver, multi-car, bundled policies for auto and home, among others.
3. More is better
Although minimum coverage makes you legal to operate a vehicle on California highways, sometimes more is better. If your financial situation permits, you may want to consider increasing your coverages should you want additional protection to save your assets in case you become the target of an insurance scam or lawsuit.
A specifically designed personal umbrella policy would serve those needs.
However, be aware that not all insurance companies offer this option in the state of California. So, ask first…then, act. That way, you’ll be sure to find the right auto insurance company for you.
You don’t have to be an expert, but knowing as much as possible about auto insurance can not only save you money, but also get you the protection you need to keep you properly covered.
If you’re looking to save money, make sure you’re getting the best rate on your auto insurance. Why not get a free auto insurance quote today?