If you are focused on your finances and saving money, you know how important it is to make sure you are getting a fair deal. It often seems like costs can creep up if you are not paying attention. So, it’s a good practice to do your own insurance audit at least once a year to make sure you are not overpaying. In fact, shopping around for policy quotes is a great way to save a little money.
When you are ready to review your car insurance coverage, here are a few things to look out for and questions to ask so that you can feel confident you are getting the best rate.
Have Your Rates Gone Up?
If you haven’t had any recent accidents or incidents, or if you haven’t had any big life changes, such as moving to a riskier area, you might want to investigate why your rates are going up instead of going down. Insurance is all about risk, and if you have not increased your risk, or in fact have become less of a risk, you should expect a better rate than you had previously. If this is the case for you, it may be time to talk to your insurance company about a new rate, or it may be time to shop around.
Are You Paying More Than Average?
According to the Insurance Information Institute, U.S. drivers pay an average of about $817 per year for auto insurance. That comes out to about $68 per month. If you have a clean record and you are paying much more than the national average, it may be time to take a look at your policy. Check to make sure you have entered all your data correctly and that you are taking advantage of all the discounts you have available to help bring down your monthly costs.
Have you Compared Rates Lately?
If you haven’t gone online to gather quotes and compare auto insurance rates from many companies, you might be surprised at how much you are paying. Insurance companies are competitive, and they want to win your business. If you’ve been with same company for many years, you may enjoy the feeling of security that comes with knowing your carrier, but this loyalty may not be doing anything for your wallet or your budget.
These days, shopping for auto insurance quotes is a no-brainer way to try and save some money. You probably already compare prices when you are shopping for other items, and car insurance should be no exception
InsuranceWins makes it easy for you with a simple to use online quote form that can help you feel good that you are getting the right coverage at the right price.
