The Internet is an outstanding tool to save lots of money in a lot of fields, from real estate to clothing or even food. Such is the case with auto insurance too, but the unadvised shopper may have some trouble with getting the best quote — at a first glance there are so many insurance companies out there, and they are all offering the same packages at very close rates! This article will show you how to use the Internet to get the best insurance rates.
Step 1. Determine your insurance needs
Do you live in a Tort or No-Fault state? Do you need Uninsured/Underinsured Motorist Insurance? Do you need Comprehensive or Collision insurance or will you stay with the minimum Liability coverage? What are the minimum insurance requirements in your state? Do you want to go with the minimum state-mandated limits or something that may cover a larger accident? Once you have decided what you need, move on to the next step.
Step 2. Pick an auto insurance comparison service
The main advantage an insurance comparison online has over the traditional cold-calling is that you get to compare insurance packages from various providers in such an easy way that even Grandma could do it. The whole process literally takes a few minutes — you have to fill in a form that gets forwarded to many insurance carriers and, in the end, you get the list of rates different providers offer you for the chosen amount of coverage. Our website has already showed you a handful of such services — if you need further assistance, please drop us a line and we’ll help you out.
Step 3. Pick a winner
Price shouldn’t be the only factor to take into account when choosing the company to sign a policy with. If you have to compare a reputable insurer with one no one has heard of and the price difference is insignificant, always go with the carrier you know you can count on. If you haven’t done it already, look up each insurer’s A.M. Best rating and Consumer Reports grade, as this should give you a solid understanding on the company’s stability and trustworthiness.
Step 4. Call in and ask if the offer is still on
Some providers may accidentally ‘forget’ to mention the fine-print of a promotional quote, or it may be that a certain offer is no longer available. Such practices are known as bait and switch, and you are highly recommended to report such attempts to websites like Consumer Reports. You should mention where you got the quote from and ask for a matching offer. If they can’t/won’t offer you anything close, move on to the next company on your list.
Step 5. Close the deal
Most popular insurance carriers will accept credit cards and e-checks, so you can pay from the comfort of your home or office and there is no need to make a trip to the bank or a local agency. You will have the paperwork delivered right to your doorstep.