There are a few things to remember when looking for a car insurance policy. How
much coverage do you really need? Think about the deductible and set it at a rate
you are comfortible paying. You also need to know how much your car is actually
worth.
Shop before you buy car insurance.
The best way to get a great rate is by shopping around. Pay close attention to the
details of the quote and the coverage options you choose. Attention to detail will
allow you to get the most accurate quote possible.
Research the current market value of your vehicle.
Most times car insurance companies only pay claims equal to a car's actual cash
value or market value, so Comprehensive and Collision coverage may not be worth
keeping on an older car that has depreciated.
Raise your car insurance deductibles.
According to the Insurance Information Institute, raising your deductibles from
$200 to $500 could reduce the Collision and Comprehensive cost of your car insurance
policy by 15 to 30 percent.
Don't carry excess coverage.
When buying your car insurance policy, if you decide you want more than just Liability
insurance, expect to pay more for each additional coverage you select. Optional
coverages such as Rental Reimbursement and Roadside Assistance are benefits when
you have a claim, but it's possible you won't need them on your car insurance policy.
You may already have these services with an extended warranty, lease agreement or
AAA.
Make sure your car insurance policy accurately reflects you.
Update your information after any new events in your life or changes to your car
and driving record. This can save you money because discounts are often available
if you are married or have installed an anti-theft device.