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Saving Money On Your Car Insurance Quote

Feb 17, 2008
I have to hand it to the type of people who will go out of their way to find a bargain, even though it may seem like an extreme sometimes. They will drive all the way across town to save a penny a gallon on gas and tell me it is worth it. But those same people fall way short when it comes to really finding bargains, especially with bigger ticket items such as their car insurance quote. In fact, in most cases they cannot even tell me what their deductibles are for their coverages.

Are you being penny wise and pound foolish? There are many things you need to consider when shopping for car insurance, especially in terms of coverages and deductibles so that you can truly do an effective comparison between policies.

Are you the type of person who just renews their car insurance every year by habit without even getting a quote from other companies? If so, chances are better than excellent that you are wasting money. Insurance rates are changing all time, and very few insurance agents will call you to tell you about a lower premium that you qualify for.

There is no guarantee that your current insurance company is charging too much, and they may indeed be the best plan out there for you. But if you never do any comparison shopping, you are not going to know that for sure.

You do not need collision insurance, which is quite pricey in most states, if your car is paid off. If your car is not paid off, the finance company will require you to carry collision insurance to protect their interests in the vehicle. But the price of collision insurance varies greatly depending on your deductible. With a $100 deductible, the cost of this coverage will probably be about three times greater than what it would be with a $500 or $1000 deductible. Determine how you drive, where you drive, and then determine what type of deductible you should have for collision insurance.

Do you know what your coverage limits are? For example, with your personal damages coverage, maybe your current policy has a $50,000 limit on it, which in today's lawsuit-happy world is nothing. Yes, having a $500,000 limit on your personal damage coverage will cost more, but then again it is much more likely to truly protect you if you need to file a claim. When comparison car insurance quotes, make sure that the coverage and the coverage limits are the same so that you are comparing the same things.

It may come as a surprise to you, but you should know that an online car insurance quote can frequently beat the pants off the quote you get from your local agent. This is of course not a guarantee, but like anything else, you won't know that unless you get a quote and compare it, and there is no cost to get a quote.

There are many different facets to a car insurance quote but for your own financial health, you should take the time to comparison shop at least once a year. The money you save will be much better served in your wallet than in the insurance company's pockets.
About the Author
For more insights and additional information about saving money on your Car Insurance Quote as well as getting a free no-obligation online car insurance quote, please visit our web site at http://www.tips-for-car-insurance.com
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