Shopping for Auto Insurance
When shopping for auto insurance, do a little
homework first, shop around, and select your insurer
carefully. Your insurer should offer both fair
prices and excellent service. These tips will help
you find the right insurer for you:
Know your state's auto
insurance requirements:
Most states require you to carry a minimum amount of
liability coverage. Many states have "no-fault" auto
insurance systems. Coverage for medical costs for
you and your passengers is optional in some states.
Coverage for damage to your car is optional.
Write up your personal
auto insurance profile:
List pertinent information concerning what type of
vehicle you drive, where you drive, who else drives,
what your driving record is, where you live, what
optional safety features your car has. This profile
will make the next step easier.
Comparison Shop:
Prices for the same coverage can vary by hundreds of
dollars, so it pays to shop around. Ask your
friends, check the Yellow Pages, and call your state
insurance department for guidance. Contact insurance
agents or companies for general pricing information.
Select a few insurers for personalized quotes.
Meet with potential
insurance agents:
Make a few appointments, bring your personal auto
insurance profile with you, and ask questions. You
want a fair price AND quality service. Ask
about available discounts, higher deductibles,
service options and claims procedures after
accidents. Take notes.
Compare Again:
Consider cost, coverage offered, and quality of
service available. Select your insurer.
Read your policy:
Yes, even the fine print! Ask questions. Keep your
policy at hand. Call your insurer to keep your
policy up-to-date, inform your agent of any changes
(new car, new job, new driver, etc.), and ask
periodically about any possible discounts. Review
your policy yearly with your insurer.
Keep your insurance
information with you:
Many states require drivers to carry a
proof-of-insurance card with them when driving. Ask
your insurer for a card, and keep it in your wallet
or in your car |
