ACCC Provides Seven Tips to Find the Best Auto Insurance Rates
Car insurance is an expensive necessity. The only way to find the best deal is by doing research, knowing what to look for, and shopping around. National nonprofit
"Auto insurance is a necessity required by law, and not having the appropriate coverage can put you at financial risk," said
According to a recent survey by The Zebra, 22 percent of respondents were unaware that they were required by law to have auto insurance. Although 94 percent say they are good drivers, 28 percent had to file a claim within the last year. The survey also found that only 46 percent of consumers shop around for multiple quotes every year, 23 percent only do this when their rates increase, and 31 percent do not shop around for quotes.
1. Shop around – Get multiple quotes from several different insurance companies to compare and contrast.
2. Talk to an independent agent – An independent agent works for their clients, not the insurance companies, and will do their best to find consumers the best rates.
3. Consider insurance cost when buying a car – Insurance is going to be more expensive on higher-end cars. Keep in mind that there will be insurance payments associated with the purchase of each car. Insurance will most likely be lower and more affordable on a cheaper or more reliable car.
4. Think about discounts – Discounts are offered to lower a consumer's auto insurance rate if they meet certain qualifications. Companies will give discounts for things such as being a good student, a safe driver, low mileage drivers, combining plans, having more than one car or being accident free.
5. Know your options – There are several different ways to go about paying for auto insurance. It does not have to be a typical month-to-month payment plan or a standard package. Some auto insurance companies offer a pay-per-mile option, which can be efficient for a consumer that does not drive frequently.
6. Review prices annually – At the end of each year, consumers should look around again and see if they can find a lower insurance rate than the previous year, especially if they experience a premium increase.
7. Drive safely – Premiums can be kept low by avoiding tickets and accidents, but another way to keep them low is if a consumer allows their carrier to monitor their driving.
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Read the full story at http://www.prweb.com/releases/2018/04/prweb15442369.htm
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