Recently, our faithful blogger, Jeb, who keeps us all up-to-date on the latest insurance news, has been passing along some great tips for lowering car insurance rates. Since Jeb is out getting hitched this week (Congrats, Jeb!), I thought I’d offer a few more pointers on the subject.
Unless you’ve had multiple accidents and car insurance claims, you may not know the difference between PIP and property damage. And if your car gets pounded by hail and you need to file a claim, you may wonder whether you should file under the collision or comprehensive portion of your auto insurance policy. What’s the difference, anyway?
Don’t worry; you’re not alone! Most people don’t have the foggiest idea what terms like these mean. But before you start comparing insurance quotes to find the cheapest rates, you need to learn the lingo. The more you understand about car insurance policies, the more likely you are to get the best deal (while covering yourself and your car adequately).
Did you know that each state sets its own insurance requirements? That’s right, depending on the state you live in, you may need a different amount or type of coverage than someone in a neighboring state. So before you take a look at insurance quotes and wonder why agents keep quoting you such high limits on bodily injury, check with your state’s department of insurance to find out exactly what you need. (You’ll find contact info here.) Though it’s always wise to purchase more coverage than you think you’ll need, this will give you an idea exactly what’s required.
Finally, to get the cheapest car insurance, talk to several agents in your area. Tell them which coverages you’re looking for and in what amounts, and let them know quotes through several insurance companies. They may just give you a lower rate to earn your business.
That’s it for today. When you’re all “edumacated,” (to borrow a phrase), get quotes from InsureMe—and have a great weekend!
More ideas from our Insurance Resource Center:
- Vehicle Insurance Basics & Ways to Save
- How to Get Discount Auto Insurance
- Play It Safe, Save on Auto Insurance
Tag: auto insurance quotes