Monday, December 14, 2009

Can you really afford not to check your auto insurance policy regularly?

Every month, more and more American’s dread that one or two days where they have to take time out, sit down at a table typically with a computer in front of them and pay their bills. We all do it, whether your 16 years old, 21, 30, 45, 60 or 90 years old, we all do it and every month most of us say “Where can I save money?” Typically we look at the cable or satellite, telephone or even the food bill, but have you ever considered changing you auto insurance?

When it comes to buying auto insurance, I’m not talking about cutting coverage, because that would be wrong and could land you into some trouble down the road if you have an accident, but I am talking about simply going online and doing some research, and you could save hundreds of dollars a year on your auto insurance and if you have a collector car, that is even bigger.

Step 1: Find out what companies do business in your state. This is key because each state has their own policies on auto insurance. For example, Massachusetts is one of the worst because they have interesting regulations in place then other states do. So you want to check your states official website. For Massachusetts residences, that would be Mass.gov. California is ca.gov, Rhode Island is ri.gov, if you don’t know your state, just use a search engine like Google, Yahoo, whatever and put in the name of the state. Most likely the address will be a .gov or state.something.us.

Step 2: Collect all of your information, personal information, driver’s license, registration, title, make and model of your car and etc. When you go through the process for obtaining a quote like starting with you state or zip code, you will be asked a lot of questions, so be prepared. Don’t forget to include the extras like airbags, car alarm, and more, they can save you money.

Step 3: Now you are ready to get a quote. You have several options in this category; you can visit an auto insurance agent. For example if you have AAA, visit their offices and see what discounts and help they can give you. Go directly though the company’s website and of course visit a couple of independent sites looking for “Free Car Insurance Quotes”, again, this is where a good search engine is useful. For more info on car insurance visit Carinsurancelist.com.

You also might want to consider a company that deals in life, home and auto insurance, bulking can save you money.

Please keep in mind when you are visiting these sites just what type of coverage you are looking for, from your liability coverage, to the comprehensive and collision insurance coverage, uninsured motorist insurance and more, plus your make and model plays a big role here including the engine size.

Step 4: Now that you know what companies do business in your state, have your information, and have quotes, now you need to know just who you are doing business with. Before you do business with a company, I like to check around the internet to see what type of a company they are. One way is to check with the BBB.org, check for complaints and if they have been resolved. Tip: Don’t believe everything you read on the internet, believe me it’s like reading reviews of electronics, sometimes its good and sometimes its bad.

Step 5: What is your deductable? $250, $500 which is common and $1000 and you might even want to put away that deductible amount just in case you need it. Work and adjust your deductible, you don’t want a low deductible because you will pay more and at the same time, you don’t want a high deductible because you will have to cover that deductible when fixing your car, it’s what works for you.

Step 6: Once you have your quotes and have picked a company, you can either go through an agent or order directly. Don’t forget to get an insurance card, if your vehicle gets towed like in Philadelphia or Detroit for example, you will need your valid driver’s license, valid registration and a valid insurance card.

And just remember, finding affordable car insurance doesn't mean giving up the best coverage to lower your premium, however, you might just be surprised at what you can save.