When you’re shopping for automotive insurance, you need all the help you can get. While it’s tempting and a whole lot easier to just automatically renew your current policy, this may not always be the best approach. To get a really good deal and satisfy all your needs and requirements, here are five overlooked tips to getting car insurance that you should consider.
1). Check out Financial Strength of Insurance Providers – All insurance companies are not equal, so it will pay off for you in the long run – that is, before you obtain your policy with one of them – to thoroughly check out the various car insurance companies you’re considering. Maybe company A has great television advertising, but what is their financial strength according to A.M. Best, Standard & Poor’s and Moody’s? Companies that have been in business for many decades and have millions of customers are likely to have an A++ rating. It doesn’t take that long to get an accurate look at the companies you’re considering. Make sure they have at least an A++ rating before you continue further.
2). Look into the Complaint Index of Car Insurers – Each state has a department of insurance and this serves as a resource for you to check out any car insurance company to see their complaint index and ratios. Here is a list of all 50 state departments of insurance. The lower the number of complaints per customer base, the lower the overall complaint ratio. Where do the car insurance companies you’re considering fall with respect to numbers of complaints and their overall complaint ratio? The lower the complaint ratio is, the better, at least when it comes to you making a good choice of which car insurance company to consider getting your policy with.
3). Figure out if you Want to Deal with a Local Agency or Corporate Office – There’s a lot to be said about interacting with a local agency or an agent who represents a number of different auto insurance companies. You get more personal attention. The agent gets to know you and your needs and may be willing to work harder to get you a better deal. With a impersonal nature of dealing with a corporate office, you’re just another faceless individual. Not that you’re not a valuable potential client, but corporate is dealing with thousands of individuals. How much time can they devote to you? Even if you go online to check out the insurance company, you will likely be assigned to their local agent. That’s so that your needs can be more carefully attended to and, hopefully met.
4). The Best Deal Isn’t Just About Price – Everybody wants to get a great deal on their car insurance policy and no one wants to pay more than they should. But buying the cheapest policy isn’t always in your best interest. You may be skimping on coverage or depriving yourself of the kind of benefits that you’d get by paying a little more with a highly-rated and well-respected national company. You have to look at the big picture. It’s more than just making sure you have the minimum liability coverage your state requires. It’s about making sure that you have the appropriate coverage so that in the event of a major accident, you’re covered as well as you can be. Discounts can definitely help reduce the overall premiums, and the wise consumer will ask for and take advantage of every applicable and available discount. Just keep in mind that price is not the most important part of getting car insurance – at least, it shouldn’t be.
5). Look for the Extras – What separates the good car insurance company from the best is all about the extras. These are the key differentiators that help keep customers happy. If a company has accident forgiveness and roadside assistance and loss of use as selling points, there’s a good reason for this. Customers love it and a happy customer means loyal customers. It may seem like a small thing, but it’s often the small things that make a profound difference when you really need them.