Cheapest Car Insurance Quote – 3 Steps to Avoid an Expensive Nightmare

So – you’re looking for the cheapest car insurance quote you can find? That’s understandable, given today’s economic environment and the fact that every household has its purse-strings pulled tight. Who wouldn’t want to buy the cheapest car insurance available?

But be careful. If you aren’t aware of some minimum necessary insurance coverages, you could quickly find out that you are under-insured, or worse, not insured at all. That’s when the cheapest car insurance quote suddenly turns into an expensive nightmare. To avoid that nightmare, consider these three steps before you jump on the cheapest car insurance quote available.
 
1. Check with your state to make sure you are buying at least the minimum required liability coverage. Each state sets its own liability limits. If you’re shopping for insurance from multiple sources, you’re probably getting quotes from large national insurance providers. It’s up to you to know the minimum liability coverage required by the state in which you live.
 
2. Think objectively about the amount and type of driving that you do. Minimum required coverages may not be enough — and we’re not just talking race car driving here — if you drive neighborhood kids in the carpool every day, the minimum state-required liability insurance may not be adequate for your potential risk. Be honest with yourself about the amount of coverage you might need in a worst case scenario.
 
3. Remember that when another driver causes an accident, it’s the responsibility of each driver’s insurance company to collect from the at-fault party and their insurance provider. So it’s important to have your policy with an insurance provider that is financially stable and in a position to legally pursue the at-fault party. Choosing a small, unknown or relatively new company simply because they provided the cheapest car insurance quote could result in “no insurance” at all.
 
The bottom line — be smart. It’s fine to shop for multiple insurance quotes, but remember that the cheapest car insurance quote isn’t always the best car insurance quote. To reduce risk, and save a little time, you may want to shop for multiple quotes from one online quote provider who only has relationships with the top insurance companies.

How To Get The Cheapest Car Insurance Rates

There are certain steps you can take to get the cheapest car insurance. Companies regularly offer discounts for new customers and current policyholders. Some of the factors that affect rates include your driving record, the features on the vehicle, and the kind of coverage you get.

Many companies offer discounts for customers who have multiple policies with them. If you own multiple cars within the household, it may be cheaper to insure all of them with the same company. Some people may not only get coverage for their cars, but for their motorcycle, boat, and home as well. Having all of your needs met through one company may not only save you money, but it can also be very convenient.

Having a clean driving record is beneficial. When it comes to giving a quote to the customer, the company is trying to figure out how likely the person will get into an accident. If you have been in an auto accident before, taking a defensive driving class or some other type of driver’s education course can help you get a lower premium. Make sure that any driver’s education courses you complete are approved by the state and the Department of Motor Vehicles.

The features of the car will also affect the cost of insurance. If the car has some type of alarm system or security device, it may reduce the chances of the car being stolen. Some companies want to know if the vehicle has daytime running lights. Having daytime running lights can help the driver be more aware of his surroundings. As a result, it could reduce the probability of the driver getting into an accident. The company rewards drivers for car features that will reduce the chances of the drivers filing a claim for damages.

When people own vehicles, they are legally required to have a minimum amount of auto insurance in order to drive on the road. The minimum insurance requirements vary per state. If you only get the minimum coverage required by law, your premium rates will be lower than if you get additional coverage. People who own cars with a low fair market value tend to opt for the basic coverage.

Compare quotes from different companies when shopping for coverage. Utilize the free online quote option provided by many websites. Contact the companies and speak with a representative. Finding out about any discounts they currently have is another way to ensure you get the cheapest premium they can offer.

Cheapest Car Insurance For Imported Vehicles – 5 Tips

If you own or plan to buy an imported vehicle, you are undoubtedly excited about your car. Imports can be fuel-efficient, sexy and sporty. And, like any car foreign or domestic, foreign cars require a significant investment to keep you behind the wheel.

Car ownership is never cheap. There are the car payments themselves to think about. And, then you have to pay for gas, repairs… and car insurance.

Imports And Domestic: All Cars Need Insurance

Whether a car is an import or a domestic make, you are going to need to buy insurance. Purchasing car insurance is not only a legal necessity, but it is also a moral one. But, even if these concerns are not at the top of your list, there is another very good reason to buy insurance: to protect your net worth.

You see, if you skip buying insurance or buy too little, you could be liable in civil court for damages after an accident you cause. So, besides being a legal and moral necessity, buying insurance is just plain smart.

Many Imported Vehicles Are Sports Cars

Many imported vehicles fall under the sports car header. If your car is considered as such in the eyes of most insurers, get ready to pay more for insurance than you would if you owned a minivan or a sedan. However, the good news is that you can find insurers that specialize in sports cars (see below).

Types of Insurance Coverage

There are various types of coverage. In general, you will want to consider liability insurance (to cover the other party), medical coverage (to cover your party’s medical bills), collision (to cover your party’s vehicle repairs) and uninsured motorist (to cover your party’s bills if the other party causes the accident but is not insured).

Finding The Cheapest Car Insurance – 5 Tips

Here are 5 tips for cheapest car insurance for imported vehicles:

1. Decide whether your car is considered an sports car: While there is no universal definition for sports car, in general sports cars are going to be those that are high performance, have two doors, and have a tuned suspension.

2. If a sports car, create a list of insurance companies who specialize in sports cars: Some insurance companies specialize in sports cars, so be sure to put together a list of them.

3. If not, compile list of best insurance companies around: If your import is not a sports car, that just opens up the field even wider for the companies you have to choose from.

4. Create a list of desired coverage types and limits: When shopping for insurance to get the cheapest rates, you are going to want to get comparable quotes from multiples companies. This means getting comparable coverage. Speak with an insurance agent about which types of coverage and coverage limits you need. Then, ask for those same types of coverage from each of the other companies you contact.

5. Contact at least 5 car insurance companies: Now, start shopping! Contact at least 5 of the companies on your list. Don’t stop until you have contacted all of them: more choices means better chances for savings!

Follow these 5 tips to get the cheapest car insurance for imported vehicles.

How to Get the Cheapest Car Insurance Quote

Looking to get the cheapest car insurance quote you can? Here’s a step-by-step guide that will show you how.

Go Shopping

Rates for the same insurance coverage can vary from one insurance company to another by as much as $1,000, so the first thing you need to do to get the cheapest car insurance quote is go to an online insurance comparison site. There you can get quotes from various companies so you can compare them and get the cheapest rate. One of the best comparison sites is listed below.

Get Discounts

In order to get rate quotes from one of these sites you’ll be asked to fill out a questionnaire where you can list the types of coverages and discounts you want.

Here’s a list of the biggest money-savers:

1.You can save 10% to 15% on your insurance premium by increasing your deductible from $100 to $500. You’ll save 25% to 30% by increasing it to $1,000.

2. If you have two cars you can save 10% to 15% by insuring them with the same company.

3. If you have an older car that’s not worth a lot you can save 15% to 30% by eliminating collision and comprehensive coverage.

Other money-savers include:

– Eliminating medical coverage if you already have medical insurance.

– Requesting discounts for security and safety devices such as anti-theft devices, car alarms, and air bags.

– Eliminating towing and car rental coverages if you already have them or don’t want them.

Check Companies

The cheapest car insurance may not be cheap at all if your insurance company refuses to pay a claim. So before you buy your insurance, I recommend going to epinions.com to see what actual customers have to say about the various companies and what their claims experience has been.