Choosing More Coverage

Posted on: 10 December 2021

Choosing a car insurance company is a big decision! Whether you're about to insure your first car or you're looking to switch insurers, it's always a good idea to spend some time comparison shopping. Finding the best company for your needs can help you save a substantial amount of money over the long run while ensuring you're well-protected for the worst.

However, diving into the insurance market can seem a bit intimidating. These three tips will help you gain the confidence you need to compare auto insurers and find the best one for your situation and budget.

1. Establish Liability Coverage Requirements First

Before shopping for insurance, determine how much coverage you need and want. Most states have minimum liability coverage requirements, so this is an ideal place to start. You may also want to consider additional liability coverage if you have more assets to protect, such as a home, large retirement accounts, and so on.

Your liability coverage represents the bare minimum insurance you'll need, so it's a good idea to have a number in mind before you begin comparison shopping. By knowing your liability coverage requirements, you can establish a minimum coverage baseline between the companies you're considering.

2. Know Your Budget

Insurance exists to protect you from the worst-case scenarios, but it's not helpful if you need to break the bank with monthly premiums in the process. If you're switching insurers, determine if you need to reduce your costs or keep them about the same or if you can stretch your budget a bit for extra coverage. If this is your first time buying insurance, determine the maximum amount you can afford each month.

It's also worth remembering that many insurers offer discounts for paying six or twelve months upfront. While taking this approach means spending more out-of-pocket, it can be a great way to save some money if you can afford the initial cost.

3. Start Online, but Don't Be Afraid to Call

Online quotes provide a quick and easy way to compare multiple insurers. If you know your minimum coverage requirements and your budget, you should use online quotes to get a rough initial comparison between companies. This first pass can help you determine if some companies may be out of your price range or if others seem to offer especially good deals.

However, it's also a good idea to call and talk to an agent before making your final decision. Live agents can sometimes offer better deals or suggest ways to reduce costs without losing critical coverage. Speaking to representatives from a couple of your top choices can help ensure you get the best deal possible while still keeping the coverage you need to stay protected. Look for an auto insurance company in your area like Illinois Insurance Center Inc to contact.