How to Shop for Auto Insurance
Auto Insurance premiums have been steadily increasing. The average household is now paying about 25% more than they did six years ago. Add that to the high cost of gasoline and it’s easy to see why so many car owners are looking for ways to lower their car insurance rates.
It used to be true that the three biggest automobile insurers could always beat the price of their competitors, especially those companies represented by high-commission agents. But that’s all changed. The industry is highly competitive and it’s a new ballgame today.
Now no one is locked into dealing with their local insurance agent. Everyone has access to tons of information on the web. In fact, many state governments post online sample premium rates sorted out by town or county. That way you can find the best rates for your area. These rates won’t exactly match what you’ll eventually be charged because there are so many other factors that enter into the picture, but they will give you a good idea where you stand.
Before you start making calls to get quotes, always be sure you’re aware of any discounts you may be eligible for. State Farm offers discounts for multiple vehicles, safety features, safe driving, ant-theft devices, defensive driving school graduates and good students. Even belonging to specific groups of people qualifies you for additional discounts. Liberty Mutual, for example, offers a special 15% discount to graduates of some 200 colleges.
The bottom line is to be a smart consumer. Do your homework. Read all the ads and check out all your options. Always get at least three or four quotes to compare and be willing to have them compete with each other. Most companies will be willing to bargain to give you better deal rather than lose your business.