You cannot watch TV these days without seeing commercials from well known insurance companies like Geico, Progressive, and The General to name a few. The commercials have different company mascots and spokespeople pointing out their finer qualities, and telling you how much money you can save by switching to their company.
With so many commercials vying for your attention, it can be hard to decipher which insurance company is the best fit for you, or why you need to leave your insurance provider in the first place. There are a number of reasons why you may have to shop around for a new car insurance policy.
Buying a New Car
Shopping around for a new car can be a lot of fun. You will get to test drive a lot of different vehicles, and possibly drive home in one. You may find the car of your dreams, but you may not have taken the price of insurance into account. It is not unheard of for insurance companies to charge higher rates for certain makes and models.
You may be thrilled about your new car, but you may not be with your new rates. One thing every car insurance company has in common is how they offer quotes. If you are buying a new car and new to car insurance there are additional considerations.
A visit to any major insurance company’s website will advertise a free quote on its front page. One bit of information they need from you is the make and model of your car. These quotes will help you better determine who is the best company to insure your new car.
Adding A Family Member To Your New Policy
If you just got recently married, or you have a child who just got their driver’s license, you will probably want to add them to your policy. The problem is some insurance companies will charge you considerably more to add new drivers. This can be problematic, especially if your teenage son or daughter doesn’t drive very often.
Some car insurance companies, like State Farm and Geico, will offer discounts for young drivers. If they get good grades in school, they will get a discount. Some companies will also offer a discount if they take a drivers education course. Doing some shopping around will help you figure out what insurance companies are young driver friendly, or have reasonable rates for multiple drivers. Doing so can save you a lot of money for years to come.
Adding New Insurance
It is not uncommon these days for car insurance companies to offer different types of insurance. The good news is a lot of companies, like Progressive, offer discounts for people looking to bundle their insurance. If you have other vehicles like a motorcycle or boat, then they can add that to your existing policy. The same goes for home owners or renters insurance. Some companies may offer better deals, and it would be wise to look at what every individual company offers, and whether it has what you need at an affordable rate.
If You Are Moving
Some car insurance companies will charge you more or less money if you move to a different neighborhood. Some neighborhoods have a higher crime rate, and therefore they may deem your policy more of a liability. This may cause your rates to increase.
Moving is a big enough hassle as it is, and you don’t need one more thing to worry about. A quick quote from different insurance companies can give you an idea how much you will pay based on location. You may save more with a different company.
It does not take much for the average consumer to lose faith in their insurance company. Despite their claims of being there when you need them the most, they aren’t always looking out for your best interests. This may be reason enough to start comparing insurance rates. There are a lot of insurance companies on the market, and they all come with their own unique features that may or may not benefit you.
Doing some research, and compare car insurance online is a wise investment of your time. Next time you are in the market for new insurance, make sure you compare rates with different companies, so you can make an informed decision. You’ll be glad you did.