Every year, thousands of consumers contemplate switching auto insurance companies in hopes of scoring a better deal and saving money. If you’re one of these people, there are several things you may want to take into consideration before you switch.
The first decision you need to make is how much coverage you need. If your vehicle is being financed or leased, the finance company will most likely require you to have a certain level of coverage. If you are driving an older vehicle with little value, it may not make sense to get top notch coverage. Also keep in mind that each state has a minimum requirement for liability insurance (bodily injury liability for one person / bodily injury for all people involved / property damage liability). In California, the legal minimum is 15/30/5 (in thousands of dollars).
Once you have figured out the kind of car insurance policy you want, it’s time to start doing some research. If you haven’t done so already, call your current insurance company and see if the rate they are currently offering is the best that they can do. There may be some discounts they are able to apply to your policy. If that’s a no go, start doing research on this internet. However, don’t discredit local or brick and mortar insurance companies—they’re rates might be just as competitive as or even better than internet companies.
Lastly, don’t be quick to get quotes from an abundance of insurance companies. The influx of inquiries could lower your credit score. Instead, look for a site online that will compare multiple quotes from different companies. Also, don’t be afraid to call around to see what kind of discounts each companies offer and whether or not you would be eligible. Keep in mind that you can also get great recommendations from family and friends.