Aug 20
2008What Can Make The Lowest Auto Insurance Quote A Bad Deal?
Filed Under (Insurance) on 20-08-2008
Tagged Under : Insurance
We encourage people to do extensive comparison shopping because they can actually find quotes that are dirt cheap. However, there are things that make a quote a good deal. If they are missing, then you’ve bought trash no matter how low an amount you paid. Let’s look at some of them…
1. What’s the company’s rating? Unless you do NOT ever intend to make a claim even if you need it, you’ll need an insurer that will treat your claims promptly. Some companies that offer rates that are too low sometimes have unimaginable hurdles you must cross before you can get your compensation.
Check if they have too many complaints. Take note that every company will have complaints against them. What’s bad is if they are repeated, unresolved and too many.
Furthermore, make sure the insurer in question is licensed to sell auto insurance in your state. Check with your state’s department of insurance to verify this.
2. A very low quote could mean that a policy has very high deductibles. Although this is fine if you have a very old car, you may need to reconsider your position if yours is a new car. Remember the law requires that you contribute this amount if you file a claim.
3. There is a given number of years after which an insurer clears your record of traffic violations or accidents. If you’re NOT the “greatest” of drivers, you may want to ensure your insurer does this after fewer years.
How does this policy check against the things we’ve listed above? If the policy does fine against all these then you have a great quote.
Also, do your best to read through your policy details and have all your questions answered before you buy.
Now that you know what to look for in a quote, why NOT make yours the lowest quote that also gives adequate coverage? Get and compare quotes from a wide range of insurers and you could save yourself hundreds in premium dollars.
