Why you should shop around and compare car insurance quotes before you apply for a policy? The simple answer is that you will never know if your new insurer is going to honor a claim unless you ask. In most cases, the company that issued your policy will not honor a claim unless you call them first. That means that in the time it takes you to make an emergency call to your new insurer, you could be charged a cancellation fee.
Why do you have to shop around? You can avoid missed insurance claims by shopping around and getting a better rate. There are several reasons that you should shop around and compare quotes from different insurance companies before you buy a policy. Here are just a few of the top reasons.
First, you can save money by taking advantage of a tax credit that is available to people who purchase health insurance through their employers. The cost of health insurance premiums can vary greatly depending on whether you work for an employer, or not. By taking advantage of a tax credit, you can pay lower premiums every year.
Second, you can often get cheaper insurance rates by purchasing add-on policies that cover roadside assistance, and emergency medical coverage. If you drive less or do not drive much at all, then you may not need to purchase this type of add-on. However, if you do drive a lot or drive a lot in bad weather or during periods when other drivers are not insured, then it makes good sense to purchase it.
Third, why you should shop around and compare quotes every year? By doing so, you will ensure that you stay within your budget. When an insurer ignores your request for a cost estimate right away, you will know right away that you will be paying more than you want to. The benchmark plan that you and your employer agreed upon will have an expiry date. You must purchase it by that date or your benefits will lapse. Each year that the plan remains valid, you will pay more in premiums.
By shopping around and comparing car insurance rates from different companies, you can ensure that you get the best policy for the lowest price. This can be especially important if you are between jobs and suddenly need to purchase a new car insurance policy. Why you should shop around is because car insurance companies use a wide variety of factors in setting their rates. Therefore, by shopping around you can identify and eliminate companies and policies that will penalize you for being a better driver or for being a woman, or even for being a parent.
Lastly, why you should shop around and compare auto insurance premiums every 12 months? During this time of year when the economy is recovering and unemployment numbers are slowly rising, why you should shop around and compare auto insurance premiums every 12 months? This is because many insurers change their prices. Therefore, when you change companies, you may find a better deal from one company to another.
The best way to obtain the lowest auto insurance rate is to refinance your current policy and take out a loan at a good interest rate. If you already have a loan, you can opt to have the loan consolidated into one payment with a lower interest rate. The problem is that you need to be disciplined and take out enough loans to repay your new interest rate. It also takes quite some time before you actually start getting your refinanced mortgage to pay it off. However, by following these tips you can save yourself hundreds of dollars over the life of your loan.