Is cost the most important factor when purchasing auto insurance
Generally, when it comes to auto insurance, the very first thing individuals take into consideration is price. Getting a good bargain is what’s is all about.
It does sound quite reasonable, but making a choice based on price only, can be a huge mistake. Even if you pay a few dollars more, you will get a better offer – and be a whole lot happier with your purchase – if you compare these five aspects first.
1. Insurance providers: Make sure that you know who you are dealing with. Companies like AM Best and Forrester’s rate insurance companies on their financial strength, customer service and trustworthiness. Its a good idea to check out reviews of real customers who share their experience on various consumer report web sites. . Try to find comments regarding claims and how well insurers handle them.
2. Customer support: The availability of customer and claims service is of big importance. Is it open 24/7 or only during particular hours? Its useful if the company has a representative in your area, althouth most claims and inquiries are dealth with over the phone nowadays. After all, if you need to make a claim, you need to feel comfortable about the process.
3. Payment Schedule: Find out about the various payment options available to you. Having the option to pay annually rather than monthly may save you some money. Accepted payment methods is also something you should be familiar with – credit/debit cards, eCheck or ACH. Be sure to ask if there’s a discount for using one form of payment versus another.
4. Insurance coverage: Make sure when you compare quotes, you are comparing apples to apples and that each policy you take into consideration affords you the same level of coverage. Pay particular attention to towing and rental car coverage. Also, be totally sure you are getting sufficient cover. The last thing you want is to be under-insured or have cover you don’t need.
5. Reductions: If you qualify for a discount – AAA, good student, epayment – check to see that each carrier you compare quotes from offers you the same discount. Over the span of the policy, a few small discounts can make a huge difference.
Remember, a bargain isn’t a bargain if you wind up with the wrong company. Don’t sign on the dotted line, unless you are absolutely happy with the level of service and type of cover you will receive.
After knowing all this, there is only one thing to do – make insurers fight for your business. Save time an money by comparing insurance quotes online in minutes. Head to affordable auto insurance or SR22 Insurance now.
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