Auto insurance companies constantly battle to claim providing the best deals, but only some actually pull through. There are many areas in your life where you can make cuts, and, believe it or not, your auto insurance is one of them.
A year after I graduated college, I had my first taste in shopping around for new auto insurance companies. I felt I was not receiving the promised rewards of my plan at the time, and despite reaching out to my representative, no changes were made. After doing some extensive shopping around, I cancelled my plan and went with a new company. This reduced my monthly payment by roughly $60. Needless to say, I was very happy I took the time to do some research.
Many individuals tend to forget to reevaluate their car insurance. They are so focused on their car and having this investment protected that savings could be easily missed, which is completely understandable. But, when working on improving your personal finances, leave no stone unturned.
Just because you already have a policy does not mean you can’t still shop around. Finding the best quotes is key to auto insurance savings. These insurance quotes from reliable companies will be the primary tool you need to leverage change in what you pay. Keep in mind that the estimates you choose should be from a comparable plan to your existing one.
So, let’s get started and get you the savings you deserve with these quick tips.
Don’t limit yourself
There is no cost to getting an auto insurance quote, so don’t limit yourself to just one. In fact, get as many as you can to really help you evaluate your options and to present these estimates to your current company. Performing a thorough research is the first step in this process, and a really important one. Ask for referrals from friends and family and consider looking on forums for advice on companies to speak with.
Dig deep and know your auto insurance needs
Referrals are great, but you still need to research the company to make sure it is a good fit for you. Know what you need in a policy. What is the companies’ coverage like? What are their policies on accidents, speeding tickets and so on? Do they offer forgiveness plans? Do they primarily work online or are they very personalized in their customer service? Knowing all the background information and fine details are important in your savings journey.
Raise your deductible and have good credit
You may need to raise your deductible in order to lower your premium. As companies begin to run quotes for you, they will also look into your credit score, so just be prepared for that. If you need to improve your credit standing, this recent article published right here on Suburban Finance may help.
Try to stick to online searches
Although agents will generally always be available to speak with you, you may be presented with additional costs to meet and talk with them. Not to mention, this will also take up a lot of your time. Try to do as many online searches as you can without speaking to an agent. Should you need to speak with someone for more details, there are some companies who do have online chats or will offer a complimentary phone call with a representative.
Bring multiple cars together
If you have more than one vehicle, consider placing them all under the same policy. This will bring you even more savings.
Overall, the goal is to weigh out your options to make sure you are getting the best deal for you and your budget. Customer service is huge for me, so when my previous auto insurance carrier failed to look into my issues with me, I decided to move on. If your company is willing to make changes to better suit your needs, they may be the best option you.
Never be afraid to look into things and ask where you can save. The answers are out there; you just have to look for them.
What tips would you add to the list?
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