How to Get the Lowest Auto Insurance Quotes
Rates, Comparisons and Deciding Between Car Insurers
Sep 29, 2009
Although prices for many commodities are going up by the day, in some areas there is stiff competition to get a client's business, such as in the world of car insurance. It is difficult to say which company is best since one company may be found to have the lowest prices overall while another company may be ranked best for their customer service.
Free Auto Insurance Quotes
Shop around in order to get the best auto insurance quotes and get at least three price quotes either by comparing online or by calling the respective companies directly. Don't make the lowest price the only factor, look at reviews to see what customers say about the service of the insurance company and ask friends or relatives for word of mouth recommendations. Check to make sure the company concerned is reputable and stable and that their representatives are patient and friendly when it comes to answering questions.
Do not be tempted to bend the truth when it comes to answering questions the insurance representative will ask (such as "Have you claimed in the last three years?"), since this will backfire on the insured should a claim arise in the future.
Car Insurance Prices
- Discounts are often offered to motorists who have a low mileage per annum on their car, since this represents less of a risk to the insurance company.
- Lower car insurance prices can also be negotiated for group insurance policies and policies where home owner and car insurance is combined.
- Prices are often reduced by increasing the excess (deductible) on the car. An excess is the amount the car owner will pay when a claim arises. Should a car owner choose a $1000 excess, approximately 30-40% of premium costs can be saved each month, but the excess should be saved up and put aside in case this happens.
- Consider dropping comprehensive cover if the car is old or has lost value and consider dropping add-ons for vehicle hire and towing.
- Paying premiums for a year in advance will also qualify the insured with discounts with certain companies.
- No claims bonuses, over 50 year old discounts and teacher's discounts will reduce costs if applicable.
- Safety features like anti-theft devices will mean lower car insurance premiums.
Car Insurers - What Do They Look For?
Car insurance companies want to see that the individual concerned is a responsible driver, has a good payment history and credit record and makes payments timeously. Reckless and accident prone drivers represent a bigger risk.
Car Insurance Brokers
Brokers will negotiate on behalf of a car owner to find the best rates or deals available. Although they will charge for their services, there are certain advantages in going this route. Independent car insurance brokers are not answerable to any one company and they usually have extensive knowledge of car insurance policies and legalities. The time and effort saved can be considerable.
Involving a reputable broker in the car insurance process can be very useful particularly for drivers who have a bad driving record, are young or need specialized insurance.
More Articles on Car Insurance:
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What is a Car Insurance No Claims Bonus?
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