Car insurance is something all drivers need. So you want to get the best coverage possible for the lowest available price. Other than that, most people don’t think much more about it.
But it does go a little deeper. There are things to look for — and ways to find some savings — if you go with the right provider. It pays, quite literally, to spend a little time shopping around and researching which company will be the best fit for you.
Where do you start? Fortunately, there is a wealth of info all over the internet. Few sectors are as well covered, and you will immediately realize just how much there is to pour through. If you focus on the following four tips while you scroll, you will be able to find the best auto insurance on the market.
1. Price Matters — But Isn’t Everything
There are so many auto insurance providers. In that sense, it really is a buyer’s market. So you should do as much due diligence as possible to find the best coverage for you. Many people start with their online quote comparison tool of choice and just pick the lowest one. That makes some sense. But there are definitely differences between providers and these differences can vary even more by location. Be sure to actually do a little bit more legwork into the company before you actually pick a plan.
2. Beyond the Policy
In addition to policy language and coverage differences, there are also just differences in how each company operates. Some fight harder to avoid paying out claims, for example, and others just have terrible customer service. Is it really worth paying $5 less each month and then having to rely on an insurer that behaves unreasonably or is simply hard to get a hold of when you need them most? Insurance is about peace of mind and knowing you’re protected if something terrible happens. You want to have some confidence that the company you are dealing with is reputable and will be there to help after an accident.
3. Getting a Rep
How do you know which companies are the most reputable? How can you actually sign on the dotted line with confidence? Start by Googling the provider and your state along with terms like “customer service” and “claims nightmare.” Still, depending upon what you find, it’s hard to really know what happened when seeing a random social media or blog post. So you should also look to aggregated ratings and rankings. Independent sources like Bankrate, Nerdwallet, Consumer Reports, and the Better Business Bureau can give you a lot of insight into which companies excel and which you might want to avoid.
4. Finding Ways to Save
As you’re finalizing your decision, there is one more thing to check for: discounts. There are a wide range and some are similar to most providers. Then there are others that may be more unique to you or your affiliations. Many large companies have negotiated discounts for employees, for example. Alumni of some universities or members of fraternities and sororities could be eligible for reduced rates. And military members and their families can find specially designed auto insurance benefits from USAA, a financial institution that caters to Americans who have served. Be sure to take advantage of any opportunities available to you.
Finding the Best Policy You Can
Most people don’t have the best auto insurance policy possible. They are probably paying more and getting less than they could. Doing your homework on insurers might not be the most exciting way to spend a Saturday afternoon. But you may be shocked how much better you can do with just a little research.
Start by looking for the best price your can. But remember: premiums aren’t everything. You also want to find a reputable provider that offers good coverage and has a good reputation in areas like claims and customer service. Finally, don’t forget to look for even more discounts. That way, you can make a great policy even better.
And just like that, you’ve turned a little bit of effort into hundreds — or even thousands — in savings this year. Now, the only question is what will you do with all the extra money in your wallet?