If you are trying to find out how to save money on your auto insurance quote, then you probably know that there are a lot of auto insurance discounts out there just waiting to be found. The question is, since every insurance company is different, how do you know what discounts you qualify for, and how to get them? The easy answer to that one is to simply do some homework and ask around, but do you really have time to call every insurance company and get these questions answered? No, which is why we do all of the homework for you. If you are looking to save money on auto insurance, then find out here some valuable tips on how to get discount auto insurance.
In most cases, insurance companies will want you to qualify for discounts that they offer. While every insurance company is going to be different, and their discounts may vary, the nature of the insurance business is relative across the board. So when it comes to auto insurance, insurance companies make money off of drivers who don’t cost them a lot of money. When insurance companies run across drivers that present a risk to them that suggests this customer may cost them more than the average person, then you start to see adjustments in premiums, as that cost will get transferred back to you. So when you are looking for discount auto insurance, the key here is to present yourself and your vehicle as a low risk to insurance companies, as this decreased risk is reflected in decreased premiums as well.
Good driving record discounts are available to some drivers, as insurance companies will reward you for staying safe on the road and minimizing their risk. In addition, if your car has a low mileage, insurance companies like that because the less time your car is on the road, the lower the risk of accident. A lot of companies today are also offering discounts if you purchase your home and auto insurance together in one place. As well, if you have never had to make a claim with an insurance company, you may be rewarded with a discount for this as well.
At the end of the day, anything you can do to present yourself to the insurance company as a low risk will help you save money on insurance. Installing anti-theft devices on your car, taking driver’s education courses, keeping a good driving record, and driving a safe car are all ways to do this. When you compare auto insurance quotes and see what kinds of policies different insurance companies offer, you can see for yourself what discounts you qualify for, and how easy it is to save on auto insurance.
COVERAGE Questions
What kind do I need?
Very safe, defensive drivers rarely need more than no-fault or the state minimum of insurance. Basically, if you take all the precautions on the road, you only need to make sure you are covered when someone else causes an accident.
If you want to be really safe, get as much coverage as you can afford. After all, even the best drivers are human and make mistakes. What if you have to sneeze?
How much do I need?
Base your coverage amount on your assets.
If you own a home, have kids, and some cash in the bank, try to get something like $50,000-$100,000 of coverage since you could wind up losing everything to debt or a suit if you cause a collision.
Don’t have many assets? $25,000 should cover you.
POLICY Questions
Does my policy cover me when I drive another vehicle?
Typically, your policy will not cover you when you are driving someone else’s vehicle. The policy for that vehicle would cover you.
If someone else drives my vehicle, are they covered?
Since your policy is really for the vehicle, anyone driving the vehicle should be covered. With some policies, however, the insurer might require written permission.
What kind of policy length should I get?
If you don’t think that you’re going to be a bigger or smaller risk in the near future, try to get a long policy. This way, you’ll get the best price.
If you are planning to pay off some debt or someone else that will make your risk factor go down, sign a short policy. That way, you can save money on a new policy in the near future.
QUOTE Questions
What information do I need to get a auto insurance quote?
Basic information that you should know off the top of your head: address, contract information, email, etc.; incidents in your driving or legal history; background information, like income and education; annual milage; and VIN number, make, model, milage, and annual milage for the vehicle you are insuring.
Are these online auto insurance quotes really accurate?
Instant and free online auto insurance quotes are estimates; very very good estimates, but estimates none-the-less, so you will see some prices that vary a bit from the quote. Still, these quotes are excellent for providing a guideline about price differences between auto insurance providers.
If you are a business owner and have more than one vehicle in your business inventory, then it would be a wise decision to consider purchasing commercial auto insurance. Whereas general auto insurance is meant to protect the driver and the vehicle of the individual purchasing the insurance, commercial auto insurance goes one step further to protect the business owner as well. Many business owners obtain commercial auto coverage through their business owner’s policy (BOP). But you can take extra measures to protect your valuable business assets by extending this coverage through commercial auto insurance. Like every other business owner however you need to consider…is it worth the cost?
At the end of the day, insurance will always be “worth” the cost because with every policy you also purchase peace of mind. The advantage of purchasing commercial auto insurance above and beyond what your BOP will cover means that you as a business owner will have specific needs attended to, and as well you may put yourself in line for more discounts down the road for all of your insurance needs.
While individual auto insurance protects both the vehicle and the driver, commercial auto insurance goes a step further by protecting business owners against any losses that would not otherwise be covered by standard auto insurance. This means protection will occur when your employees drive vehicles that are owned by you. Some business owners allow employees to even take their cars home with them, and any losses or damage that may occur at your employees home, will be covered by your commercial auto insurance.
Commercial auto insurance is also beneficial to you as a business owner if company belongings are frequently kept in the vehicle, such as equipment, technology, or product used in your business. With a standard BOP, you may not have this additional protection. If for example your employee drives your commercial van home for the night, and this van is broken into and all of your product or equipment is stolen, you may be out thousands of dollars. Your BOP may protect you against some of that damage and loss, but comprehensive commercial auto insurance will be the best way to recoup those damages so that your business does not suffer.
One way that you can reduce commercial auto insurance is by making sure your employees that use company vehicles obtain a commercial drivers license. If you can show that your business is established and has profited for several years, you will also see discounts on commercial auto insurance. Like standard insurance, there are many ways to save on commercial auto insurance. Comparison shopping and knowing what you need will be the best way to ensure all of your needs are covered at a price you can afford.
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