When Getting Quotes, Insurance Coverage Is Important Too
When you compare insurance quotes, the quality of the coverage the quotes are based on should not be neglected. This is very easy to do, especially if you are looking for the best value insurance you can find. You may be in a position where the cost of the policy is of paramount importance, and the coverage offered is secondary, as long as it works. There’s nothing wrong with that. The size of your budget has a good deal of bearing on your life’s choices.
You will be told to pay close attention to what is included in a policy you have received a quote on. This is important, even if you are determined to get the cheapest policy available, you still owe it to yourself to verify that the policy will cover the basic or essential things you want it to. If you come across very low quotes, insurance coverage may at best barely cover any losses you incur, or may only cover a fraction of those losses. In such cases, going after the lowest quote won’t save a lot over time.
A useful strategy you can employ is to take your quotes, not just the lowest one, but the lowest two or three, and see if the insurance providers have anything to offer in the way of discounts. When you purchase a car insurance policy, one of the easiest ways to cut back on the cost of the premiums is to increase the amount of the deductibles. If you have a new car, you may or may not wish to do that. But, if your car is 12 or 15 years old, you may choose to raise the deductibles or go entirely without the coverage that is not required by law. Liability coverage is generally much less expensive than that of collision coverage, unless you have a terrible driving record. In that case, comparing insurance quotes becomes somewhat meaningless. If you’ve had several accidents, or a number of traffic violations, you may end up choosing between several high-priced policies with no discounts in sight.
Most people can find a saving on home insurance policies as well. Perhaps you have quotes from two different companies, for polices that offer about the same coverage. One quote is slightly lower than the other. Should you jump on the lower quote? Maybe, but a better strategy is to check with both companies to see if there are ways your premiums could be lowered. One company may offer a lower premium if you install an alarm system, while the other may not.
The bottom line is, the quote you get isn’t necessarily final, and sometimes you can do something to get that quote lowered. A simple phone call might help. If you are a member of a certain organization you may be eligible for a discount. Remember, discounts are seldom offered up front. You usually have to ask, but if you do, you can sometimes save a substantial amount of money.
We can give you free quotes for most of your insurance needs; we’ll also make sure you’re aware of what you can take advantage of to minimize the cost of your premiums. Just click on our “Get a Quote” button to get started. It’s free, and there’s no obligation.