Use These 6 Tips To Find The Right Car Insurance For You
Car insurance is important when you have a vehicle. It protects you and your assets in the event you are involved in an accident or something goes wrong with your car. But finding the right car insurance for you isn't always easy.
At Utah Title Loans, Inc., we care about your safety, not only in having the right car insurance policy for your specific needs, but in having the available funds for any out-of-pocket costs for vehicle repairs, and more. Because of this, we offer products like title loans, installment loans, and payday loans for any emergency situation you find yourself in.
We know how important it is to protect the biggest assets you have, like your vehicle. Our tips for finding the right insurance for you include comparing coverages, researching discounts, reviewing carriers in your area, and comparing quotes.
In this article, we'll show you how doing a little extra work can get you the most for your money. It's not about going with the cheapest, it's about getting you the protection you need. So, let's get started.
The Importance Of Car Insurance
Car insurance is important for more than just one reason. Sure, it will help you pay for repairs to your vehicle in the event you hit something and damage the car but there's more.
Car insurance also helps to pay medical bills should you cause an accident and hurt someone. Your insurance will also cover you for the property damage you cause to other people's vehicles. You could be covered for damage that other drivers cause to your vehicle when they are uninsured, too.
What's more, you could be covered in a lawsuit that someone brings against you involving a car accident you caused.
You could also get coverage to pay for rental cars when your vehicle is getting repaired. You can even get coverage for when your vehicle needs towing.
6 Tips To Find The Right Car Insurance
Now that you know why it's important to carry car insurance, let's look at how you can find the right car insurance for you.
1. Compare Coverages
It's a good idea to compare the coverages offered by different carriers on a policy level and based on what must be added through endorsements. Some base policies will offer coverages that others will not. That means that while a policy might be more expensive than another, it could be because the coverage included in the base policy may be more than the cheaper carrier's policy. Make sure you compare fairly.
To expand on that concept, you should compare the endorsements offered by the carriers you're considering. One carrier may offer coverages by endorsement that others don't offer at all. Or they will over limits that the others will not.
2. Find Out What Carriers Sell Insurance In Your Area
Before you choose an insurance carrier, you should know what's available. Don't just assume that the large carriers with fancy advertising campaigns are the only options in your area.
There may be other reputable carriers that are worth a look. Educate yourself on who sells in your area and include them in your research and comparisons.
3. Ask What Discounts Are Offered
Insurance carriers often offer multiple discounts. And while sometimes the agent you're speaking to will tell you about their discounts up front, sometimes they won't.
Remember that the agent you're speaking to has skin in the game. They make more commission the more premium you pay. So, if you agree to the higher premium, they're not going to just offer up a discount.
The truth is, though, that insurance carriers offer discounts for many things, such as longevity with a prior carrier, having no claims, military, multi-product (bundling), good student, mitigation efforts, and more. Ask about the discounts offered.
4. Decide What's Important To Your Lifestyle
You're going to have to select your coverages. Not everyone needs the same types of coverage. We live different lifestyles.
Some of us have a long commute to work, while some work from home and don't do much driving. That's something to consider when you're figuring out what coverages you need.
5. Ask About Claims Handling
You should find out as much as you can about the way each carrier handles claims. You need to know if you're going to be taken care of in the event you need to make a claim. Not all carriers are easy to work with when there's a claim. Find out what others' experiences have been like, if at all possible.
6. Compare Quotes
Your final step should be comparing quotes between carriers. Once you have all the information you need to compare the quotes for premiums fairly, you can make an educated decision on what insurance looks best to you.
Choose The Right Insurance For You
Utah Title Loans, Inc. wants you to choose insurance that is right for your situation and unique needs. That's why we took the time to explain your car insurance options.
Aside from owning a home, your car is one of your largest assets. It needs to be protected the same as other valuable assets. That’s why you need to choose the right car insurance so you don't have to worry about anything when an accident happens or something goes wrong with your car.
So, start your research now and find the car insurance that fits your needs best. And remember, if you find yourself with out-of-pocket costs that you can’t afford, you may want to consider using Utah Title Loans, Inc. for emergency funding.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.