If you feel like you are overpaying for your car insurance, the only way to find out is by getting some quotes for coverage. The amount you pay is based on a lot of different factors, but every insurance company calculates quotes in slightly different ways. Because of this, you may be able to save money by switching to a new company, but you will need to get quotes for coverage and compare them properly. Here are the best ways to compare the quotes you get.
Obtain at least three or four quotes
It is hard to choose the best insurance quote for your coverage without getting multiple quotes from different insurance companies. Therefore, aim to get at least three quotes, or even more. By doing this, you will have a wider range of choices, and you will have a better chance of finding great coverage for the best price around.
Choose the exact same types of coverages
When you request quotes from these companies, you will need to make sure you do a couple of things. The first thing is to get the exact same types of coverage. For example, do not get a quote for collision and comprehensive from one company and then a quote for just collision from a second. Instead, get a quote for both types of coverages from each insurance company. If you want to add roadside assistance coverage, then make sure every company quotes you for this.
Set the same dollar amounts of coverage
Additionally, you must make sure each company is offering the same dollar amounts of coverage for things such as medical payments and uninsured motorist coverage. This is where quotes can often differ a lot, so you will need to make sure you specifically tell the companies how much coverage you would like for each coverage type you have.
Have the same deductibles
Finally, you must make sure the quotes all have the same deductibles, and this too is another huge factor that will affect the policy amounts. Keep in mind; higher deductibles yield lower premiums, so you should aim to keep your deductibles as high as you feel comfortable with. It's also important to note that collision and comprehensive coverages are two different things, and each type can have its own deductible amount.
Comparing the quotes you get will be a lot easier if they are all equal. To learn more about saving money on your auto insurance, talk to an insurance agent today.
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