Insurance: A Guide for the Masses

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Shopping for Auto Insurance: Don't Sacrifice Quality for Affordability

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People often think that the only way to secure affordable auto insurance rates is to sacrifice the quality of their coverage. Consequently, to lower their monthly premiums, they will often resort to declining important coverage options in favor of the minimal amount of coverage required by law. Unfortunately, choosing to take this route can often result in individuals finding themselves without the coverage they truly need if an accident does occur. The good news is, you can avoid making this same mistake and still enjoy lower monthly rates simply by using the tips below.

Look Online for Exclusive Offers 

Just as you can often find lower prices on household goods simply by shopping online, there are often deep discounts to be found when shopping online for auto insurance. This is because insurance companies can pass on the lower cost of doing business online to customers who choose to purchase their policy via the web. In most cases, only customers who request a quote and ultimately purchase their policy online will qualify for these exclusive online discounts.

Take Advantage of Multi-Policy Discounts 

If you require more than one type of insurance in your life, choosing to purchase all your insurance policies through the same company can be a great way to save some cash without sacrificing the level of coverage you really want and need. For example, many insurance companies will offer multi-policy discounts when combining auto insurance coverage with either life insurance, renters insurance, or homeowners insurance. 

Choose an Auto Insurer and Stick With Them

It is quite common for people to encourage you to shop around for a new auto insurer each time your policy comes up for renewal. However, taking this approach can actually cost you more money in the long run. This is because insurance companies are often willing to reward customers for their loyalty by offering them a monthly discount after they have been a customer for a certain length of time. 

Ask About Safe Driving Discounts

Insurance companies often reward drivers for safe driving habits. In fact, safe drivers can be eligible for a few different discounts each month. For example, you may be able to qualify for a percentage off of your monthly premium if you choose to complete a defensive driving course. You can increase your safe driving savings even more by downloading your insurance company's safe driving app. These apps record information about your driving habits and send it directly to your insurance company. The safer you drive, the more you can expect your monthly discount to be.

To learn more, contact and compare various auto insurance providers.