Nearly one third of Americans think they’re paying too much for car insurance. The best way to find a better policy is to learn how to shop for car insurance and compare your options.
You’ll want to compare both big national insurers, like Allstate, Geico, and State Farm, and smaller local insurance providers.
Look beyond just the monthly premium at the plan’s deductible and compare quotes line by line to see what’s actually covered.
Get a quote from Allstate today to see if you can save on car insurance »
According to a 2017 NerdWallet survey, 28% of drivers think they are paying too much for car insurance.
This percentage is even higher among Americans making between $50,000 and $75,000 per year, at 37%.
Consider the implications of this: A third of drivers are dissatisfied, yet most continue to renew their policies without taking the time to shop for alternative options. Car insurance companies know this, and they are known for raising rates at the time of policy renewal, which usually happens every six months or every year.
If your auto insurance renewal is approaching — or if you’re buying car insurance for the first time — get ahead of the game by shopping for a better quote. Here’s how.
How to shop for car insurance
1. Find out your state’s minimum coverage requirements
The four main types of coverage are bodily injury liability, property damage liability, personal injury protection, and uninsured/underinsured motorist protection. Many states only require bodily injury and property damage liability, and these requirements can change depending on the age and value of the car. Do your research ahead of time by looking up minimum insurance requirements at your state’s motor vehicle administration.
2. Compare at least three different policies
The best way to make sure you haven’t overlooked any red flags …read more
Source:: Business Insider