Your current car insurance might not be the best car insurance for you at the moment if you have been using the same company for more than 3 years. According to most studies, with the way car insurances in the country work, client loyalty is often not rewarded. Rather, clients suffer from using the same service provider for too long.
This is because the factors that determine the rates of your car insurance company changes as quickly as 2 to 3 years. What might be keeping your rates low when you first started out could be the very same things that are making your premiums more and more expensive as the years go by.
Fortunately, there are ways for you to find the best car insurance for your needs. Just look at these tips:
When you shop for the best car insurance, you should try to look at the top 10 insurance companies in your area. The first one on the list is not necessarily your best option, but being included in the list does say something about the company you are considering. Being in the top 10 suggests that the company is stable, gives clients a fairly easy time when it comes to making claims, and proposes no false discounts.
Raising your deductibles
The best car insurance premium for you is not the one with the lowest deductible. Rather, it is the one with the highest deductible because if you are, for example, looking at a $1000 damage, you would want the cost to be covered by your insurance policy as much as possible. Don’t look at you insurance policy as a bandaid for small damages. Always try to picture the worst case scenario, like having to cover an uninsured other party for example. If you have a high deductible and a comprehensive car insurance, then you can say, without a doubt, that you have the best car insurance you can possibly afford at the moment.
Comprehensive vs. Total wreck
The best car insurance for a car five years and younger is a comprehensive one. This way, no matter how bad the damage to your new car is, you know that the insurance policy will have your back. Most of the time, this also covers the pain and personal injury claims of the other party if you are found at fault. For cars that are more than five years old, though, the amount of money you will be able to claim even with a comprehensive coverage will be a lot less.
Base on needs
There is no one singular plan which can be considered as the best car insurance plan for car owners. This would depend on how expensive your car is, how old it is, and the drivers who are driving your car. Whatever your circumstances may be, it’s important to consider at least 5 different car insurance companies before signing everything. Present the same profile to them. Consider their reputation and how easily they grant claims.
Consider your circumstances and pick the company that can offer the best protection for your needs.