How to Compare Car Insurance Quotes
Some Tips from Our Car Accident Lawyers
Car insurance quotes vary wildly from one insurer to another. You look up 10 different insurance for the same car and you will get 10 different quotes. The thing is that all of them sound great and all of them assure you that you will be saving a chunk of money if you buy from them. But, of course, we all know that when it comes to car insurance what you see is not exactly what you get.
Here are some tips on how to compare car insurance quotes:
- Cheapest is usually not the best
You may find cheap car insurance highly tempting, especially if you have a budget constraint. The lower the rates, the more you will be tempted to take the offer. But like a lot of things in life, the cheapest is usually not the best. Take a closer look and you will find that it doesn’t come with the protections you really need, or comes with several disclaimers in fine prints. This is not to say do not go for cheap, but make sure that it includes all the protections that you need in adequate amounts.
- Collect quotes from several insurers
It’s your money that is at stake; so don’t be lazy. Before you even start comparing, collect quotes from several different insurers. The more quotes you have to compare, the more you will get to learn about the different offers, protections and price ranges. You may find that some insurers offer extra protection at the same or even lower price.
- Not all insurers advertise themselves online
Car insurers are literally a dime a dozen on the internet. Search for ‘car insurance quotes’ and you will find links to hundreds of insurers’ websites. Having said that, not all insurers advertise themselves online – at least not directly. If you have heard of a good insurance company but can’t find it online, then find their phone number and call them directly. They may beat all the others quotes you have collected.
- Make sure to read the fine print
If you see things printed in fine print at the bottom of the page, make sure to read all of it. Fine print contains information that the insurer doesn’t really want you to know (the insurer will not be responsible for such and such things in such and such case). You might think an insurer has a fantastic offer only to find that it comes with terms and conditions that you cannot accept. So make sure to read everything.
- Compare deductible versus insurance rates
Deductible is the out-of-pocket money you have to pay before your insurance company pays. There is an inverse relationship between deductibles and insurance rates. Higher deductibles means lower insurance rates. Deductibles usually range from $250 to $1,500 and may differ from one insurer to another. You may be given a choice of increments, such as $250, $500, $1,000 and $1,500. Each increment is accompanied by a decrease in insurance rate by a certain percentage. Compare the decrease in insurance rates for each increment.
- Look for the extras and add-ons
Insurers often include extra features to attract customers. These may include things like roadside assistance, vanishing deductibles, uninsured motorist coverage, rental car insurance, funeral or accidental death insurance, personal injury protection (PIP) and collision coverage. These extras and add-ons can save you a lot of money in times of trouble. When two or more insurers offer great policies at similar rates, then take the one that offers more extras and add-ons.
A well-researched car insurance policy can protect you from financial ruin. But remember that insurance companies don’t always play fair with claimants, which is why you should consult with experienced car accident lawyers after an accident – to ensure that you get the compensation you deserve.