Shopping for Auto Insurance Guide
- Compare multiple quotes.
- Check for all possible discounts.
- Get the best auto insurance rate.
Shopping for Auto Insurance Guide
With auto insurance premiums rising across the country, comparing premiums for similar auto insurance coverage has become the ultimate test of your shopping savvy. Have you checked with every insurer to be sure you'll be paying the lowest premium for the most coverage? Did you check on all the discounts for which you might be eligible, such as good-grades discounts for your high school student, driver's education and defensive driving course discounts, anti-theft device price breaks, and multi-car rates? Putting it all together to know you're getting the best price is challenging, but the money you'll save on your premiums makes the extra effort well worth it in the long run. Follow these three steps to be sure you're making the right choice.
First, log onto www.naic.org to find out if there are any online resources that pertain to your area. This is the Website for the National Association of Insurance Commissioners (NAIC). Find the link to NAIC States and Jurisdictions. From there, you can find out if your state or area has a Website listing the current rates of local auto insurance companies. If so, you're already a step ahead of the game. Just keep in mind that the rates quoted on these sites cannot take your personal situation into account. If you have bad credit or a poor driving record, your premiums will probably be higher than those listed on your local insurance commissioner's Website, but at least you can study trends of different companies in your area from an unbiased source, making useful comparisons that can save you time when you're calling around.
Even if your state doesn't have a site, the NAIC Website contains consumer guides with valuable information to which you may want to refer during your search.
Next, you need to shop around for coverage. Be honest with the companies you call or visit online about your personal situation, your insurance needs, and your driving history. When you receive a quote, confirm that you know exactly how much coverage is being offered for the premium amount mentioned. Remember that your auto insurance is actually a group of several different types of coverage. Ask how much coverage the quoted premium provides to you and how much each coverage is worth. Make sure you're comparing similar plans, and know what's required by law in your state.
Finally, it's time to talk discounts. Once you've narrowed your choices, compare the discounts offered from one insurer to another.
Get a quote on the final premium amount after all discounts are taken. One insurer may offer you two discounts good for 5% each while another may offer you only one discount. However, if that one discount offers you a savings of 15% total, it will make more sense to purchase your policy from the second insurer. Take a look at the bottom line (the final premium amount) for a true comparison.
Look at the information the NAIC has to offer you, shop around for the lowest premium and best coverage, and make sure you receive every discount to which you're entitled. If you follow these steps, you'll have the peace of mind of knowing you got the best auto insurance deal available to you.
Get an Auto Insurance Quote Now!
- Cap on Insurance Coverage
- Do I Need Mortgage Insurance?
- How Much Will Insurance Pay?
- Debt Relief
- Insurance Providers Credit Check
- What to Do if You've Been in a Car Accident
- Insurance Articles and Insurance Information at Bills.com
- Debt Consolidation
- Filing Auto Insurance Claims
- Consolidate My Debt
- Point of Service (POS) Plan Information
- Health Savings Account Information
- Debt Consolidation Loans
- Buy a Home with an FHA loan
- Consolidate Debt
Search answers to other readers' questions, or ask your own and get a personal answer!
Learn how much you can save over time by cutting back on your daily latte or other small expenses that add up!
Consolidation? Credit counseling? Debt settlement? Bankruptcy? New loans? Debt Coach, a free online tool, gives tailored advice to help you find the right solution for your needs.
Use our Debt Consolidation Calculator to learn how much your loans actually cost, and to find solutions to save money!
How savvy are you about your personal finances? Take this quick quiz to learn insights into your finance habits and your Bills IQ.
Deciding if a mortgage refinance loan is right for you? Our calculators make it easy. Plug a few key facts about your old loan into our calculator, and learn if a refinance makes sense for you.
See today's national averages for adjustable and fixed-rate mortgages. Then drill-down to learn what is the best rate for you!
Learn what your fellow Bills.com readers think about financial solutions providers and mortgage lenders. We want you to share your experiences, too!
If you want to dive deep into your debt relief options, including the costs of each solution, read these whitepapers. Includes references, so you can follow-up on each fact cited.
Bills.com experts explain, in fast-paced videos, the basics of refinance, debt relief, student loans, and more.
Tool Box Easy to use resources to help you find solutions to your money questions