Almost every motorist can get the same coverage from a dozen companies at a dozen different prices. Cheap coverage is widely available, but just a few simple mistakes result in countless vehicle owners paying too much for their car insurance. Here are a few of those mistakes:
Not Shopping Around: Taking the time to compare auto insurance quotes can make a significant difference in how much someone pays for vehicle coverage. Depending on the state, a vehicle owner may be able to choose from hundreds of companies that each offers unique rates. At times there may be a 200 percent difference in price that drivers could easily take advantage of. Buying a policy from the first insurer a motorist finds could mean missing out on much cheaper protection.
For some of the best results, people should try shopping online instead of contacting several producers individually. Some sites on the Internet let shoppers compare dozens of sample rates at once, with no obligation to make a purchase. This means that motorists can shop around as often as they like from the comfort of home.
Ignoring Discounts: Many companies advertise discounts designed to lower rates, but what many people may not realize is that these special offers can have a major impact on how much someone pays for auto insurance. Almost every policy provider offers lower premiums for meeting certain criteria. Making the effort to shop around for the insurer that can provide the most applicable assortment of savings can translate into much cheaper coverage.
People can usually find discounts for maintaining a good driving record, insuring multiple cars at once, being a good student, completing a driver training course, insuring a car with advanced safety features, and many other reasons.
Staying with the Same Company: When it comes to auto insurance, complacency can be a wallet’s worst enemy. Many motorists stay with the same insurer for years either because they don’t want to bother with switching companies, or they don’t realize that cheaper coverage may be available. Prices fluctuate over time, so the cheapest provider five years ago may not be the cheapest option today.
One of the best things that a motorist can do is periodically shop around online for lower rates and re-evaluate their coverage. If a vehicle owner can find a cheaper plan, the NH Insurance Department recommends asking about possible termination fees before switching providers.
When vehicle owners ignore their coverage and don’t take the time to shop around, they run the risk of missing out on cheaper options. It’s important for drivers to take an active role in ensuring that the protection they purchase is the lowest priced.
Source: http://www.onlineautoinsurance.com/compare/
