Some people concentrate on coverage on offer within an auto insurance policy while others care more about the premiums charged. Many agents and brokers would tell motorists that coverage is more important that the price. It is easy to make this argument when you are not paying for the premium (and in fact being paid percentage commission on the final amount in case of intermediaries).
When the money will come out of your pocket and there is not much money in that pocket to start with you have got to worry about the costs. Many auto owners like to buy a lot more coverage but cannot afford and start dropping them. Ideally you want to get a decent coverage at affordable prices and this is a possible outcome especially when you carefully shop around.
Car Insurance Rates Vary Greatly Between Insurers
You should not even think of buying a policy from the first company you get a quote from. No need to rush as it only takes around six or seven minutes to get another quote online. If you are really unlucky this second quote can be even more expensive and make you keener to buy from the first provider. Hold your nerves a little longer and get another one, it is all free anyway.
It is best to demonstrate the possible premium gap between insurers. A recent experiment showed that three different basic liabilities auto insurance quotes for a thirty year old good driver can be $3,000, $1,500 and $1,000 in one of the largest cities in the USA. This goes to show how much you can save if you could manage to locate an affordable car insurer.
The best part of it is that all three of these quotes came from one of the top ten companies according to the number of policies they sold. So, quality of the insurer who quoted $1,000 is not in question. What is in question is what were the underwriters thinking when they quoted $3,000 for a basic liabilities policy.
Monetary Difference between Basic and Decent Auto Insurance Coverage
It is possible to achieve good level of coverage if you could pay only little more. You may be paying around $700 for a basic liabilities cover. It may be possible to buy a full coverage policy package at $1,000 assuming a good driving history and average car (not to expensive, sport or anything like that) to be insured. In other words, by paying only thirty percent more you can have it all.
This is of course just an example to show what is possible in the market place. Generally, many companies offer great value package policies designed for good drivers over the age of twenty five, with good credit records and average quality and price automobile. As you deviate from this example of desirable qualities and common characteristics you may end up paying a little more.
Other Points to Consider
It is highly important to provide accurate information to the best of your knowledge when you are arranging insurance cover. The only real source of information at this stage is you and the insurers will have to take it as the truth when they are setting their prices. You cannot tell half-truth, bend the facts a little so that you can get cheap auto insurance or you cannot hope to get away with false information.
Remember to tell them about other drivers and cars in your household as well. This is considered important by most insurers even though other members of your household may not be intending to drive your vehicle.