Saving Money On Your Car Insurance Quote

I have to hand it to the type of people who will go out of their way to find a bargain, even though it may seem like an extreme sometimes. They will drive all the way across town to save a penny a gallon on gas and tell me it is worth it. But those same people fall way short when it comes to really finding bargains, especially with bigger ticket items such as their car insurance quote. In fact, in most cases they cannot even tell me what their deductibles are for their coverages.

There is nothing wrong with being a bargain hunter, and perhaps more people should be like that. But if you are going to shop for the best prices on things, why not also include auto insurance in that same search? Yes, it's a bit more difficult to understand how to compare insurance quotes but the money you can potentially save more than makes up for it.

Most consumers simply renew their policies every year and don't pay much more attention to it than that. While that certainly saves time, it most certainly does not save money because car insurance rates are changing all the time, and your insurance company is unlikely to call and tell you that the cost of coverage was reduced, especially if you are happy to keep paying the inflated prices.

That is not to say that your current car insurance provider is charging you too much. They may in fact be providing you with the most aggressive rate policy possible with just enough coverage so that you are protected, yet not over-insured. The problem is that if you don't comparison shop every year, you don't know that for sure, do you?

For example, do you carry collision coverage? This is probably one of the most costly items you can have. But did you know that if your car is paid for, you do not need to have collision coverage? Dropping this coverage could lower your car insurance by as much as half right now. What is your collision deductible? If you have a $100 deductible, it is probably costing you three times as much compared to if you had a $1000 deductible.

Do you know what your coverage limits are? For example, with your personal damages coverage, maybe your current policy has a $50,000 limit on it, which in today's lawsuit-happy world is nothing. Yes, having a $500,000 limit on your personal damage coverage will cost more, but then again it is much more likely to truly protect you if you need to file a claim. When comparison car insurance quotes, make sure that the coverage and the coverage limits are the same so that you are comparing the same things.

It may come as a surprise to you, but you should know that an online car insurance quote can frequently beat the pants off the quote you get from your local agent. This is of course not a guarantee, but like anything else, you won't know that unless you get a quote and compare it, and there is no cost to get a quote.

For the sake of your own wallet, you should comparison shop your car insurance quote at least once a year. You could save significantly, and it is well worth the time to invest the effort to find out.

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