What are the things I should know before signing up a deal with an auto insurance company? Are there any rules or guidelines I can follow in order to save money or get the best value out of it at least?
Harris
Baton Rouge, LA
The rule of the thumb is: never accept the first insurance deal you find. Shop around and know what the ongoing rate is when it comes to insuring a vehicle. Before shopping for insurance quotes, determine what you need, estimate the amount you can afford, know what coverage you need and know what payment mode you can be comfortable with. It’s also a good idea to have your car registration ready, know your cars exact mileage and a list of workable discounts you can qualify for.
Here are the common questions you need to ask to you auto insurance agency before finalizing a deal.
1. What insurance coverage do you offer?
2. Do you allow higher deductible to save on premiums?
3. Do I give discount for car safety and security?
4. Does premium decrease in time if I pay on time and manage to have a good driving record?
5. What are the consequences of I miss a payment or my payment is late?
6. What about adding another vehicle to my policy?
7. What are the payment options?
8. Will the premium be reduced if single?
9. Does every driver in the household cover the policy?
10. How much is your teen auto insurance coverage?
Obtaining answers from a few auto insurance companies can help you compare and decide which one will be the best.