Buying car insurance these days is as easy as clicking a few buttons on your computer. Or is it? Here’s eight tips for buying auto insurance from those in the know.
Step 1: Do The Research
Take the time to find out what is available to you, who the best companies are, and what special discounts or services they offer to their customers. If you’re already thinking, “I don’t have time for this,” an independent insurance agent can do the legwork for you. Working with an experienced independent agent could result in a lower premium for the coverage selected.
Step 2: Know What Coverage You Need
Before signing on the dotted line, consider these questions. The answers will help you determine the coverage you’ll need to protect your assets.
What is your net worth?
Do you own a home?
Are you a business owner?
Is your car a newer model or a few years older?
It’s important to know how much protection you require when making decisions about the amount and type of coverage that is best for you. For example, choosing higher bodily injury and property damage liability coverage limits will provide you with greater protection but will also increase your premium. Selecting higher deductibles will decrease your premium, because you will be responsible for a greater portion of the repair costs. There are many options to consider.
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