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Guidelines For Online Auto Insurance Shopping

Apr 8, 2008
These days, just about all the big dependable auto insurance companies have a method for you to obtain online quotes. But can you really get the best deal from one of the big boys? More often than not, it is the smaller auto insurance companies that are providing the best rates.

This is typical business strategy. Every business wants to be big. Once a company has spent millions in advertising themselves to create a brand name, they can charge more because their name attracts customers. There is more profit to be made if they position themselves as more friendly, or more responsive, or more whatever it is that makes themselves look good. The last thing that a business wants is to compete on offering the lowest price. By definition, there is not much profit in that.

Businesses have to cover their costs, including advertising (and the big auto insurance companies spend tens of millions per year on this alone), salaries (which can be millions for the bigger companies), payments resulting from claims, and thousands of other expenses. The bigger the company, the bigger the expenses. Thus the smaller companies that don't spend millions on advertising and executive salaries can afford to charge less. Often, having a lower rate is the only way they can compete.

The days when you had to drive to your local insurance agent's office and accept whatever policy she had available are over. With the world wide web, you have access to insurance companies all over the world! This will allow you to get multiple quotes and comparison to get the absolute lowest rates available.

Despite what you may have heard, you don't have to reduce your policy limits to get lower rates. The first step is to comparison shop online so that you have a baseline of several quotes from which you can compare and whittle away at.

It is up to you to inquire about what discounts are available. Since agents work on commission, they naturally want you to spend as much as possible, thereby raising their commission in the process. They will not be quick to point out discounts you may qualify for. Items like no speeding tickets or accidents in the past ten years, a homeowners insurance policy with the same company, and even a high credit score will work in your favor to lower your rates.

Your rates will also drop if you have safety equipment such as air bags, seat belts, side impact beams, or anti lock brakes. All of these can significantly reduce your premiums.

Certain vehicles have a poor safety record while others have an exceptional one and everything else falls in-between. If yours has a poor record, you'll pay more, but if yours has an exceptional record, you'll save a bundle. Keep this in mind if you are in the market to buy a vehicle.

The lowest auto insurance rate is as close as your keyboard and mouse. Ten minutes of using them can save you hundreds of dollars annually.
About the Author
Jennifer Stromsteen is an auto insurance maven. Her website helps car owners find Cheap Auto Insurance. Stop by today to find many suggestions that will able you to find the most Affordable Car Insurance .
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