How to Buy Cheap Car Insurance
Posted on Mar 31 2012 at 02:08:06 PM in Cars & Vehicles
For some people the prospect of finding cheap car insurance is something thought to be extremely difficult or complicated. In reality, it's not. Finding the cheapest car insurance for your particular circumstances follows a simple, five-step process anyone can complete. Yet if you simply settle on the first or second company you come across without completing all five steps you'll never know whether or not you paying too much.
Here's how to buy cheap car insurance in five easy steps:
Step 1 - Work out a Budget
We know, the word "budget" is a dirty word in many households. But people who are financially successful almost always use one. If you want to succeed financially, including getting cheap car insurance, you have to know how much money is coming in and what you're spending it on. As part of your budget you should determine how much you can afford for car insurance.
Step 2 - Decide on Your Coverage
If you own a car you have to carry at least a minimum amount of liability required by your state. On top of that, you may want or need extra coverage like comprehensive, collision, glass, and so on. All these things are determined by your circumstances and budget, so you shouldn't start shopping until you know exactly what coverage you want.
Step 3 - Assemble Your Quotes
Once you know how much you can spend and how much coverage you're looking for, start assembling quotes. You can use this website to get started by entering your zip code into the search box. Multiple companies will use the information you provide to compete for your business. You can also contact individual insurance companies on your own to ask for quotes.
Step 4 - Compare Your Quotes
This is where the real work comes in. You need to compare every quote you get line by line. In comparing you want to determine how much coverage is being offered and what it will cost you. Only through a line by line comparison will you really know what you're getting for your money.
Step 5 - Purchase Your Policy
Once you determine the best quote, dollar for dollar, the last step is to purchase your policy. If you can't afford to pay for the entire thing up front you can choose monthly or quarterly payment plans. Keep in mind that the fewer payments you have the less money you pay overall.
In your search for cheap car insurance keep in mind that your rates will be heavily dependent on your driving record, your age and sex, and the type of car you drive. What's cheapest for you may still be more expensive than what a family member or friend pays. That's not an insurance company trying to rip you off; insurance rates are decided on a case-by-case basis. The best way for you to keep your car insurance cheap is to drive responsibly and avoid tickets and accidents.
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