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Published On: Tue, Apr 4th, 2017

Shop for the right auto insurance policy: Few tips from experts

Don’t you think that the New Year is the best time to remove the dust off your budget and watch out for those areas which could help you save more money? Although we’ve spent 3 months of 2017, there’s still time to check whether or not our auto insurance policy is worth it or whether we should get a new one which could save our dollars. Auto insurance policy is one of those places where you could pay more than $1000 in a year only due to the fact that you didn’t shop around and compare quotes in the marketplace.

For prospective auto insurance buyers in the Mexico market, there are useful websites like aseguromiauto which allows you to compare and contrast auto insurance quotes before signing the deal. But how to get started with shopping around so that you could strike a great deal? Let’s check out few points.

 

  • Start by identifying some of the best insurance companies

 

There are few best companies in the USA which are revered as trustworthy auto insurance companies but these are not the few companies you should watch out for. You can get a one-time subscription to Consumer Report and check with their latest list of auto insurance companies to find out those that make it to your shortlist.

 

  • Get quotes for comparison

 

Once you have the list of insurance companies to look forward to, you have to start getting quotes from them. You’ll take around 15 minutes on the phone and a few minutes online to compare and contrast quotes from several insurance companies. Make sure you keep your current policy in front of you in case there are questions which come up regarding the model and make of the vehicle. And if you choose to work with an insurance broker, that is an entirely different thing.

photo supplied, courtesy of guest blogging network

 

  • Know when to juggle between collision and comprehensive

 

The thumb rule is that when the cost of collision and comprehensive surpassed 10% of the value of your old vehicle, this is high time when you dump it and get liability coverage instead. There are sites where you can determine the value of your vehicle. If your vehicle is worth $4000 and you’re paying an amount more than $400 in a year for collision and comprehensive, it doesn’t make any financial sense.

 

  • Save enough for a high deductible

 

For obtaining the best kind of savings on your insurance policy, you have to opt for a $1000 deductible as it is only then that you can pay a low premium and you won’t be tempted to file small necessary claims.

 

  • Enquire about discounts

 

There are tons of different discounts in the market and it is your duty to enquire about anti-theft devices, multiple policies with the same companies, low annual mileage, defensive driving courses, and long-time customer discounts.

Therefore, if you’re wondering about the ways in which you can get started with comparing auto insurance quotes, you can take into account the above mentioned facts while grabbing a deal.

Author: Pankaj Deb

On the DISPATCH: Headlines  Local  Opinion

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- The generic Dispatch designation, used primarily for press releases or syndicated content, but may be used for guest author requesting a generic nomenclature

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  1. Are You Good at Getting Deals? | The Global Dispatch says:

    […] forking over more money than you’d like. Buying a new auto can mean monthly payments and higher auto insurance. That said you may get your money’s worth by the time you go to trade-in or sell the vehicle on […]

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