|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.|
For those of you less experienced in online shopping rest assured, online shopping is just as safe (if not safer) than offline one. Also, on the example of Progressive auto insurance quote that we'll be using in this article, you can get a much better offer online than what you'd get if you tried any of the traditional methods. Sure if you have the time for it, you can also ask for your Progressive auto insurance quote over the phone or even in person, but I'd suggest that you first explore the online method before settling for the offline ones.
It's very simple to get started. You will just need to find the homepage of the auto insurance company you would like to buy the policy from. As you can complete this entire process online, from getting a quote, to paying the auto insurance policy all the way to getting it delivered to you first in your email then to your physical address, make sure to have your current auto insurance policy, if you have one, prepared as well as the preferred payment method handy.
After you visit the homepage of the Progressive Direct, you'll see an offer to apply for a Progressive auto insurance quote online. Go to that link and provide the site with all of the requested data. This is where the current policy will be needed as that is what the new policy will be calculated about as well. A few minutes after you complete and send the form you'll get your quote sent to you. Take your time reviewing the offer, and if you agree with, proceed to the payment form using your preferred payment method. Once you complete this as well you will be emailed your policy and your auto insurance will be completed. You'll also get all of the documents you need sent by mail to the delivery address of your choice. Safe and simple!
|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.|
SHOCKING FACT – 42% of the drivers are still overpaying for their auto insurance policy because they lack information about better offers and discounts on the market. What's worst they are still thinking that all of the companies offer same (or similar) prices and that it does not make a big difference who they are signing with! That said you can use A LOT of different techniques to save a fortune over the years on auto insurance policies if you know how to go about it.
SHOPPING AROUND – good old strategy of shopping around for the best offer still works and some argue even better than ever considering you can now use the internet to help you find the best offer not eh maker within minutes. In fact you can do this every year when it's time to renew your policy for extra discounts.
PAY AS YOU DRIVE – these auto insurance programs are still not as popular as they should be but they will allow over 70% of the drivers who try the to pay less than what they would if the use the “traditional” method of calculating their auto insurance policy price.
LOWER YOUR MILAGE – yes it can be a bit of an incommodation to say the least but if it helps you save money and make the environment cleaner why not give it a shot, use alternative transport such as carpooling, public transportation, biking and walking instead of driving your car.
ADD A SECON CAR – as this will drop the price of your auto insurance policy by up to 50% instantly, if you are using a big insurance company that offers more different products you can also add homeowner insurance or even life insurance to qualify for an even bigger discount.
|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.|