Ways to Find Right Car Insurance Package

Given are ways to find right car insurance package.

Ways to Find Right Car Insurance Package

Do an Annual Rate Check

Check rates from other companies to make sure you are getting the best deal. Many state insurance departments offer guides to available services, and while online you can find insurance comparison tools. Of course, personalized quotes arenโ€™t immediate and often require a call back from an agent, but comparison shopping online can be a time-efficient way to find a better deal.

Pick a top-rated Insurer

When we last surveyed readers/subscribers on their auto insurers, we found that all rated companies did well, but some were better than others with dealing with claims, payments, and non-claim problems. See our full Ratings of car insurers.

Set the Right Deductable

A higher deductible reduces your premium, but you have to pay more out of pocket in the event of an accident. If you have a good driving record and havenโ€™t had an accident that was your fault, you may want to gamble and opt for a higher premium. The reward for this risk could be up to a 40 percent savings.

Review Your Coverage

Check to make sure you have enough liability coverage for bodily injury and property damage. Over time, costs and risk increase, and so should your coverage. Simply put, minimal coverage gives you minimal protection.

Watch Crash Repairs

Check to see where your insurer sends you for repairs, as the repair shop may push you to use cheaper replacement parts, rather than original equipment from the manufacturer. Tests have found that some non-OEM parts can fit poorly, are more prone to rust, and donโ€™t necessarily meet federal safety standards.

Choose the Right Car

Vehicle damage and the cost for repair is a big part of the price of auto insurance. When looking for a new car, compare the data on collision by vehicle model. Also, estimated insurance fees are part of the owner cost information Consumer Reports provides online for all new models.

Beware of Scams

Crooks can rip off drivers with staged accidents, which could result in an insurance claim against you. To avoid this unpleasant scenario, follow good driving practices and if you are in a crash, photograph the crash scene and always call police to report the incident.

Take Advantage of Discounts

Discounts are available for drivers considered to be lower risk or those who take a driver-training course. Anti-theft and certain safety equipment can also reduce your cost. Bundling insurance with auto and home is another option to consider, but check out the total costs with and without combining policies to see which scenario is cheaper.

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