Car Insurance Policy Shopping Checklist
Car Insurance Policy Shopping ChecklistIf you’ve ever been involved in a fender bender or a car accident, you already know how important car insurance is when the time comes to pay for the car repairs. The problem often comes into play when you want to change your car insurance and get improved coverage. There are so many different types of car insurance; your task to comparison shop can seem overwhelming. The good news is there is a streamlined and efficient process you can use while shopping for new car insurance policies that best fit your needs. Using this streamlined process will help you determine which car insurance gives you the best coverage at the most affordable price. There are options for automobile insurance policies that offer coverage, accident forgiveness, and exclusive discounts based on your personalized information. Read on to discover more about the many different types of car insurance policies. Each car insurance policy offers various degrees of coverage and a range of comparable quotes for you to consider.
Tips to Find the Right Car Insurance Policy for YouBefore you start deep diving into auto insurers and what the auto insurance companies offer, you need to determine which one can save you money or is best for you. These steps will include information gathering before making the rounds to ask questions about insurance coverage. Almost all companies should be able to give you an insurance cost estimate based on the information you’ve gathered.
#1 – Pull Together Relevant Personal InformationBefore starting the quoting process and going online or making phone calls, you need to gather relevant data. The insurance agent will ask for your driver’s license number, marital status, current address, zip code, and all operators that will be listed on the car insurance policy.
#2 – Your Car InformationSecond, only to your personal information, having the mileage of your car, the date you bought it, and your VIN number are also essential to have on hand when making calls for insurance coverage. You also need to know your car’s make, model, year manufactured, and anti-theft devices.
#3 – Past Claims and Driving HistoryThere’s no doubt every auto insurer you speak to will need to know your driving history, especially over the past five-seven years. This will include any accidents you’ve had, tickets incurred, or violations. You can also take this time to let them know if you’ve completed any driving courses to make up for the points you incurred for a ticket.
#4 – Your Current Auto InsurerIt’s always easier to get insurance coverage if you have a car insurance policy in your name when you’re making these calls or searching online. It’s possible that an insurer won’t offer you insurance if you’re without insurance coverage history. So you want to make sure you have all of that in front of you before you commence looking for various types of car insurance.
Different Types of Car InsuranceYou may already understand the premise behind car insurance coverage, providing you with bodily injury, bills for damages, and any car accident liabilities you face. When you have an accident, if you have any assets and don’t have insurance, the other person can seize those assets. It’s liability insurance and coverage that protects you and acts as a cushion between your assets and the amount that needs to be paid to the injured party from a car accident. It’s vital when you shop car insurance you use to choose the car insurance coverage that has enough auto liability when you’re comparing car insurance quotes. In 2019 AAA found in a driving cost research study the average cost to own and operate a vehicle was $9,282. The average insurance cost for sedans they found to be $1,251. That’s why it’s so important to understand the terms of your car insurance, including what your benefits are and who is covered every time you drive the car.
Affordable Car Insurance Coverage that Doesn’t Compromise CoverageIt almost always comes in threes, so when you see auto insurance coverage, it often looks like 50/100/50. Many insurance consumers don’t initially understand what those numbers reflect. When you’re comparing car insurance rates, you want to know the first number represents liability coverage, which includes bodily injury liability, which is also often called personal injuries. The second number reflects total injuries or total bodily injury liability. The third number indicates property damage or physical damage liability. That means ever policy that lists as 100/500/100 means you’re receiving a car insurance quote that represents:
- $100,000 for any bodily injury to you or any person injured in the car crash
- $500,000 total for all bodily injuries from the car crash
- $100,000 for the amount that will be paid in the property damage caused by the crash which includes your car, any buildings or objects involved in the car crash