How to get the best deal
on Car Insurance online - Leveraging online Insurance Quoting
Services to Save.
Insurance costs represent one of the largest expenses of
your car ownership experience. This expense should be included
in your decision on what vehicle to buy because different
vehicles can have vastly different insurance premiums.
Many people go through the process of buying a particular
vehicle and consider insurance premium costs at the last
moment.Often times they change their minds on the vehicle
in question and start the process over again because the
premiums were too costly.
This section will provide a brief overview of coverage
and provide tips on how maximize your savings using online
insurance services. Many of the online resources included
in this section boast a minimum savings of $300 per year
on insurance policies. The fastest and most reliable insurance
service online are iNSWEB, Nationwide
Insurance, and the Canadian source Kanetix:
Free multiple auto insurance quotes.
By getting insurance rates on vehicles you are considering
ahead of time, you will have no surprises when it comes
time to take delivery of your new vehicle.
As you will see, the main benefits of shopping online are
maximum savings combined with a hassle free and quick shopping
experience. You are also under no obligation to accept a
quote and all quotes are e-mailed to you - no over the phone
sales pressure. You can literally shop hundreds of insurance
companies in less than an hour on all of the vehicles you
are considering.
Leveraging Insurance web sites
Similar to "Leveraging online
auto pricing services for the best prices", shopping
for insurance takes this method one step further. When shopping
for a car the auto sites send you a quote from only one
dealer in your area. When shopping for insurance however,
they provide quotes from several sources all from one web
site. The best insurance services online are iNSWEB, Nationwide
Insurance, and the Canadian source Kanetix:
Free multiple auto insurance quotes.
Submitting a quote from each insurance service will provide
you with many very low insurance quotes for each vehicle
you are researching in less than an hour. You will have
little doubt what your actual costs are because they will
be delivered to your e-mail box. This method will provide
you with the absolute lowest insurance premium in less than
an hour instead of weeks to accomplish the same task off-line.
Test it on your existing vehicle policy
To test it, get a quote from one of the services for your
existing vehicle. Notice any difference in price. (So far
I have never heard anyone complain that these services offered
a higher price.)
A Tip for shopping online
You may now begin to shop around for the best insurance
carrier and policy. A full range of online sources should
be researched. It is important to distinguish any differences
in coverage from each quote, as a low premium may indicate
that there is something missing in one policy that is present
in a policy with a slightly higher premium.
Make sure that apples are being compared to apples, and
do not hesitate to ask plenty of questions about the policy,
how much it costs, what it applies to, and how claims are
processed. Financial information should be gathered on carriers
being considered to determine if they are strong enough
financially to support all their claims, and you should
always read the policy thoroughly before signing up for
it.
How companies provide quotes.
Insurance companies will usually provide quotes for maximum
liability limits in what is referred to as a X/Y/Z format.
Consumers can expect coverage for bodily injury or property
damage that one is legally responsible for such as 150/325/55,
which translates into a maximum coverage of $150K bodily
injury per person, $325K bodily injury per incident, and
$55K property damage per incident.
The figures might be presented as a single combined limit,
which is the liability limit provided as a single amount
based on a single occurrence without per person or property
damage sub-limits. Single combined limits are beneficial
in cases where personal injuries are low but the property
damage is high because the total liability limit, not just
the sub-limits, can cover the damage.
In another scenario, when the case is reversed and a person
is harmed more severely than the property, the total liability
again will cover the personal injury to the person. If the
limits cannot fully satisfy the requirements of the personal
injury or property damage, an individual's assets and earnings
may have to make up the difference.
The best car insurance resources online
The following web sites have good privacy policies and will
not place you on any e-mail list or give your information
out to other sources. They simply provide the needed information
that insurance companies need to provide an accurate quote.
The resources listed below all offer great content on car
insurance and safety issues. This section will provide a
brief description of how they work.
21st Century Insurance: With a $300 average savings per customer, 21st Century is worth a try. They offer a free, fast and secure quote with no phone calls - no call backs. They crosscheck 21 unique persoanl factors in order to save you money.
InsureMe: Another great service, they get top agents will compete for your business, offering the most competitive quotes in your area. Tip: If you combine homeowners insurance with your auto insurance, you can often get a better deal.
