Tips To Know Before Buying Auto Insurance

Are you shopping around for car insurance? Here is a short checklist to reference when it’s time to choose your plan, steps to take to ensure you get the right price, and overall precautions needed to ensure your driving record is kept perfect.

  1. Do an annual rate check. Check rates from other companies to make sure you are getting the best deal.
  2. Pick a top-rated insurer. When we last surveyed readers/subscribers on their auto insurers, we found that all rated companies did well, but some were better than others with dealing with claims, payments, and non-claim problems.
  3. Maintain good credit. Just like everything else, credit impacts everything. Regularly check your credit score since a low score may impact your premium. If you need help building your credit, you can start with American Express by using their coupon codes and gift cards.
  4. Set the right deductible. A higher deductible reduces your premium, but you have to pay more out of pocket in the event of an accident. If you have a good driving record and haven’t had an accident that was your fault, you may want to gamble and opt for a higher premium.
  5. Review your coverage. Check to make sure you have enough liability coverage for bodily injury and property damage.
  6. Report reduced mileage. If you’ve changed jobs, are now working at home, or have become unemployed, call your insurer. By driving less, you may qualify for a lower premium.
  7. Watch crash repairs. Check to see where your insurer sends you for repairs, as the repair shop may push you to use cheaper replacement parts, rather than original equipment from the manufacturer (OEM parts).
  8. Choose the right car. Vehicle damage and the cost for repair is a big part of the price of auto insurance. When looking for a new car, compare the data on collision by vehicle model.
  9. Beware of scams. Crooks can rip off drivers with staged accidents, which could result in an insurance claim against you. Call your insurance provider as soon as an incident occurs to ensure you aren’t a victim.
  10. Take advantage of discounts. Discounts are available for drivers considered to be lower risk (older, married, and/or long safe driving record) or those who take a driver-training course. You can also ask about anti-theft, bundling your plan, etc. It never hurts to ask.