Comparing car insurance quotes is a key part of making sure you get the best deal on your car insurance. It’s not always a good idea to choose the least expensive quote when comparing car insurance quotes, as the least expensive quote could end up costing you thousands of dollars later on. Here are 5 things to look for when comparing car insurance quotes.
Reputation of the Insurer
If you purchase car insurance from a reputable company, you are more likely to have less problems if you ever have to submit a claim. Check with your state’s insurance department to ensure a particular insurer is licensed in your state.
If a car insurance policy has a lower deductible, it will be higher than a car insurance policy with a higher deductible. This is because the car insurance company will have to pay more for your damages.
Disability, MedPay, Rental Car Reimbursement, Towing
Car insurance policies that throw in extras such as disability coverage, MedPay, rental car reimbursement, and towing benefits are a better deal than the average policy. Consider any extra coverages provided in a quote when making your decision. These benefits can really add up. MedPay will cover you in most cases even if you are a passenger in someone else’s car. Towing benefits and road side assistance come in handy during those unlucky moments in life. Sometimes the piece of mind is worth a few extra bucks a month.
Don’t assume the state minimum liability coverage is all you need. Purchasing a car insurance above the state minimum could save you tens of thousands of dollars if you are at-fault in an accident with injuries. When comparing online quotes, take into consideration liability coverage limits.
Most car insurance policies are offered in six month terms. If you find a car insurance policy that provides for an annual policy, run with it. This will ensure that you lock in a competitive rate for an entire year. Many providers that offer annual plans offer payment plans. See if you can pay monthly, quarterly, semi-annually, or pay your insurance up front and don’t worry about it all year.
Car insurance quotes are not identical. Finding the right car insurance policy can feel like finding a needle in a haystack. Knowing what to look for will help you find the best deal for your needs. If you have any questions about your individual insurance needs, speaking with a licensed insurance agent is advisable.