There's a dizzying array of options available when you shop for auto insurance.
As a result, you will want to keep some tips in mind to ensure that you get the best insurance for your dollar, as well as to ensure that you get the coverage that you need.
Here are seven tips to keep in mind as you compare policies and rates:
- Inquire about discounts. Insurance companies frequently offer discounts, the Pennsylvania Insurance Department advises. Some of the most common discounts are for having multiple policies with the same company (like life insurance and home insurance) and insuring more than one vehicle with the same company.
- Know the length of the policy. Policies usually run six months or one year. When comparing prices, make sure you are comparing the right policies.
- Check service fees. Insurance companies may charge fees for things like making installment payments. Make sure that you know all the extra fees before signing up.
- Ask about higher deductibles. You can lower the cost you pay for insurance by raising the deductible amount. Just keep in mind that you will have to pay the higher amount out-of-pocket should you get into an accident.
- Consider dropping certain types of coverage on certain cars. For older cars worth less than $1,000, you may consider dropping comprehensive or collision coverage. Your payments can exceed what you could possibly get back.
- Inquire about personal items. Typically, personal items in your car like cell phones, music players, and custom speakers are not covered by a car insurance policy. But you may want to ask about declaring these items and adding them to the policy.
- Read what you're signing. A policy is a legal agreement, and you will responsible for what the policy provides. So make sure you read the policy carefully and are OK with it.
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