4 Tips for Finding Cheap Car Insurance Online
Earlier this week, NerdWallet put together a handy new guide to help consumers find the cheapest car insurance rates online. We’re breaking it down easy in this blog!
1. Figure out What Kind of Coverage You Need
Your car insurance policy is a crucial financial instrument. If you or your car is involved in a car accident, theft, or natural disaster, the financial consequences can be devastating. Car insurance is designed to cover the majority of the costs connected with an accident, as well as the other individuals and possessions involved.
Driving without auto insurance is a recipe for catastrophe. The penalties you’ll face will vary depending on your state’s regulations, but fines and court costs are nearly a given. Most states would also immediately suspend your vehicle’s registration, meaning that if you’re spotted driving, your car will be towed and seized.
5 Most Common Car Insurance Coverage
- Liability insurance
- Collision insurance
- Comprehensive insurance
- Uninsured and Underinsured Motorist Coverage
- Medical Expenses
All Types of Car Insurance Coverage
- Liability insurance
- Collision insurance
- Comprehensive insurance
- Uninsured and Underinsured Motorist Coverage
- Medical Expenses
- Personal Injury Protection
- Gap Insurance
- Rideshare Insurance
- Forgiveness Coverage
- Glass Coverage
- Custom-Equipment Coverage
- Pay-Per-Mile Coverage
- Roadside Assistance
- Umbrella Insurance
- Rental Reimbursement Coverage
- Original Equipment Coverage
2. Shop and Compare Cheap Car Insurance Rates
Rate Marketplace’s online tool can help you find great car insurance rates! We offer common providers like Progressive all the way to smaller local companies in your area. Typically speaking, smaller companies have better rates.
3. Talk To The Experts
Whether it’s directly with the company or advice from a seasoned family member, it’s important to know all your options! Make sure you review all your quotes and get other opinions if needed before you choose your car insurance provider.
4. Review Rates and Decide
According to NerdWallet, a little bit of Internet research can pay off big time, especially when you take into account the relatively small amount of time it takes to look around.
But before you embark on your search, take a few minutes to prepare. Gather all of your information, decide the type and amount of coverage you’d like, gets lots of quotes and then – if necessary – talk to an expert to help you make sure you’re making the right decision for you and your family.
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