Finding The Best Car Insurance Deals

Things You Need to Know Before Buying Car,House, Health & Life Insurance online.

Insurance Buying Tips #1: Shop smart
When looking for insurance, your No. 1 priority should be to find adequate coverage. Price is important, but you’ll want to determine what kind of coverage you need first. Then you can fit that coverage into your budget and determine which carrier can provide you with the most comprehensive policy for your situation. You may be tempted to choose insurance with the lowest price tag, but if you don’t have enough coverage (or the right kind of coverage), you will see less financial benefit when it comes time to file a claim.
Insurance Buying Tips #2: Look for discounts
Once you evaluate your coverage needs, factor in your budget and find ways to save. Ask your insurance agent if there are any discounts on your coverage. Often, carriers offer discounts for things like paying your policy in full, staying auto accident-free or, if you’re in school, getting good grades. You also can save money by “bundling” multiple policies, such as purchasing a home and auto policy from the same carrier.
Insurance Buying Tips #3: Fill in the gaps
An average policy will cover the basics, but you may need to add extra coverage to meet your unique needs. For instance, you may have items like electronics or a nice piece of jewelry that would be financially difficult to replace, even with the assistance of your average renters or homeowners policy. You may want to add additional coverage for these items.

There are hundreds of car insurance companies out there, with hundreds of different rates and deals, which can confuse you and make it difficult for you to find one that suits you. Here are some top tips for ensuring you find the best deal making sure you save money and time.

Don't renew, switch

Using a policy reminder service or an online storage system, you can set yourself reminders when your policy is due for renewal. When it is, make sure you switch providers. The company you have used for the past year will give you quite a high premium, whereas if you switch and use a different company, the rate will be drastically lower. Reason being, many people are just too lazy to switch, they will stay with the same provider because they think it'll save them a bunch of time, but if you switch, you'll save yourself a bunch of money!


Insurance Buying Tips #4: Purchase life insurance—you aren’t too young
Life insurance is essential, no matter how young or old you are. And for millennials, buying now may be a smart move because it’s cheaper to buy a life insurance policy when you’re young and healthy. This kind of insurance can help your family cover unexpected costs in your absence, including student loan debt or a mortgage, in addition to end-of-life costs. And if you have kids, a life insurance policy can also support their education or childcare expenses. Additionally, every millennial should consider long-term disability coverage, which helps you stay afloat financially if an accident happens and you become disabled and unable to work.
Insurance Buying Tips #5: Talk to an independent agent
An independent insurance agent is an essential resource when purchasing insurance—especially if this is your first time. An independent agent works with multiple different carriers, which is different from captive agents who can only sell insurance from the carrier they work for. Working with an independent agent can help make sure that you are getting the best coverage, for the best price. You’ll also benefit from independent agents’ insurance knowledge; they know how to talk you through your options and actually explain what each policy includes. An independent agent will make sure all of your assets are covered, help you find discounts or other ways to save, and be a valuable resource as your life changes and your insurance needs change, too.
Insurance Buying Tips #6: Only buy insurance to maintain your existing standard of living
You don’t need insurance for events that won’t severely strain your finances. Start with your basic needs (home, auto, business), then work your way to include other needs (cyber, liability). You can always obtain coverage later for something if you change your mind. You can minimize your risk and maximize your savings by buying insurance that won’t cause you to break the bank.

Unfortunately, your age has a huge affect on your insurance premium. Young drivers are usually left with really high rates due to their inexperience, meaning an increased risk, which insurers don't want to be stuck with. Annoyingly enough, older drivers are often given high premiums too, because even though they have the experience, the amount of claims from older people is surprisingly high. Older drives should aim for comprehensive cover, while young drivers should look to get an extra driving qualification to lower their costs.

No claims

Having around five years worth of no claims will mean you get a greatly decreased car insurance. Insurance providers will take the stance that the less claims you have made in the past, the fewer you are likely to make in the future. So, be careful on the roads, don't get yourself into a situation where you have to make a claim and hopefully your insurance premium will continue to fall.

What car?

The actual car you are trying to insure will have a knock on effect with your insurance. In most cases, the less your car is worth, the cheaper your insurance, and if your car is worth less than 1000, then you should consider just getting third party insurance, as comprehensive cover may work out to be more expensive than the car. If you have a high performance car, or lots of modifications to it, then you may face higher premiums. Insurers will see this as an added danger and hike up costs accordingly.

Insurance Buying Tips #7: Ask your insurance provider what the policy doesn’t cover
Every insurance policy has perils that are not covered by your policy. These perils are referred to as “exclusions”, and every policy has them. Ask your insurance provider to explain the exclusions in your policy to avoid discovering what they are once you incur damages or a loss.
Insurance Buying Tips #8: Consider bundling several policies with one insurance carrier
here may be value in bundling several policies with one insurance carrier. If you’re looking to insure multiple vehicles or obtain multiple types of business coverage (e.g., liability, property, cyber), then you may want to consider obtaining coverages under one insurance provider who carries multiple products, and who may be able to offer you multi-policy discounts or loyalty programs.
Insurance Buying Tips #9: Review your insurance needs on a yearly basis
As your needs evolve, so will your insurance policy. Maybe you’ve acquired a new vehicle since obtaining auto insurance for your primary vehicle, or started operating your business out of your home, or experienced a cyber-attack during the year… Whatever the change(s), you’ll want to make sure you’re covered for any new risk exposures. Talk to your insurance provider to stay on top of your insurance needs.
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