General Auto Insurance Tips for Buyers

Consumers who want to keep costs down need to consider their coverage options carefully, and these general auto insurance tips can help them choose the right provider.

1. Find out about minimum coverage requirements.

The baseline for arranging car insurance coverage is to have at least the minimum level of protection required by the state, and car insurance companies are required to offer at least this level of protection.

2. Consider whether additional coverage is needed.

The state may not require a driver to have physical damage coverage in place, but this type of insurance protects the policyholder’s own vehicle if it is damaged in an accident or stolen and not recovered.

3. Get quotes from several providers before making a decision about where to buy coverage.

Each company licensed to sell car insurance policies in a state sets its own rates for coverage and prices will vary between providers.

4. Consider increasing the policy deductible to save money.

The deductible is the amount of money a driver agrees to pay toward the cost of settling a claim personally. When a policyholder buys a policy with a higher deductible, the insurance company is able to offer lower premium rates.

5. Ask the insurance company about discounts it offers to customers.

Many insurance providers offer discounts to policyholders in different circumstances. Buying more than one policy or insuring multiple vehicles can help a driver qualify for a price break.

Following these general auto insurance tips will help consumers find the protection they need at affordable prices.