When in the market, whether buying a dress or an appliance, we always look and ask for the best price the store could offer. The same should apply when shopping for car insurance. While it isn’t a tangible item, car insurance is still a product that is sold by a company that also tries to make a profit.
Unfortunately, not everyone observes due diligence when buying something. You should never buy the very first dress that you see on the display without checking other stores. And neither should you sign up for the first car insurance plan quotation provided to you without looking at other options.
The one unspoken rule of shopping is for you to know exactly what you want. No matter if its clothes, cars, house, or an insurance product that you wanted to buy, not knowing what you are after for will likely get you distracted when you see great offers and huge discounts for any other products. Before asking for a quote, know what you need and the type of coverage that you want.
Here are some of the tips that will help you get the most accurate quotes when buying car insurance.
Identify your budget
Knowing and setting your budget will help you get the best deal. In doing so, you get to eliminate high-premium policies and focus more on what’s within your means. Keep in mind though that higher budget means more coverage.
Disclose your driving history
Driving history affects premium costs and type of coverage. In case you have any traffic violations on record, better to disclose them early to the insurer. It may help you in getting lower rate insurance. After all, they will be checking your records so there’s no sense hiding it.
Identify life events
Not all life events will impact your car insurance quotes. But some definitely will. Possible move to a different area may mean higher risks of car theft or vandalism. A probable change in employment may also have an adverse effect on getting the best rate.
Provide all pertinent information
Make sure to have all documents ready by the time your insurance agent drops by to pick them up. Having the representative come back for paperwork may cause inconvenience and loss of the company’s resources. And while this is difficult to challenge, it may still be a reason for you to get higher rates.
Disclose any claims in the past
The insurance company will definitely want to know your claims history. It helps them assess the risk involved of you behind the wheels. So make sure to disclose them, if any.