How to Choose the Right Auto Insurance

October 26th, 2012 by

speedometerBegin your search by deciding how much coverage you need. This will make comparing quotes from multiple insurers easier. It is also important to know the minimum amount of coverage is required in your state. Your state’s Department of Insurance will have this information; you can contact them online or by phone. The major types of insurance include liability, personal injury, comprehensive, and collision.

After you’ve determined how much coverage you need, you can them move on to deciding who is the right provider for that insurance. If you are in the Elgin, IL area, Biggers Mazda can provide you with insurance information.

Direct providers will provide you with price quotes, 24/7 customer service, a variety of polices, and flexible payment options. However, not all direct providers are equal and you need to do your research before purchasing your policy.

Another option is to go through an agent. An agent will get to know you and your lifestyle and will be better able to recommend the policy that will work best for you insurance needs and budget. There are two types of agents, captive agents that represent one company and brokers who represent several companies.

A captive agent will work hard to keep you satisfied on behalf of the company. They will get to know your personal situation and recommend the policies that best work for you. A broker doesn’t have a vested interest in selling a policy from one particular company and can help you select the insurer and policy that works best for your needs and budget.

You’ll also want to check the consumer complaint ratios. Your state’s Department of Insurance will provide the ratios for all insurance companies in the state. This ratio will tell you how many complaints a company has received for every 1,000 claims filed. It is also a good idea to check the ratios in several other states.

After you’ve narrowed your search, you can begin comparing rates. You can obtain quotes online or by phone; some websites will even provide quotes from several insurance providers at once. Remember to focus on the final price when obtaining your quotes. Big discounts might not make much of a difference if a company’s rates are already high.

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