When The Cheapest Car Insurance Quote Isn’t A Good Deal
Posted on Wednesday, August 20, 2008 at 4:44 amThe feeling of find very affordable car insurance quotes (Lower than industry average by a huge margin) is great. But aren’t there things you should be wary of in such very low quotes? Let’s take a brief look at what you must look for before signing the dotted lines…
1. You must make sure you’re dealing with an insurer that has an excellent rating. That is unless you never intend to make a claim even when you need to. Some companies are notorious for how difficult they make it for policyholders who file even very legitimate claims.
Too many complaints against an insurer is a bad sign. Although all insurers have some complaints against them; run, if the ratio of complaints is too high — Moreso if many of them are unresolved. Also check at how quickly each case was resolved.
And don’t forget to verify that you’re NOT buying from a fly-by-night insurance company. Verify with your state’s department of insurance to ensure they are licensed to sell auto insurance in your state.
2. A very low quote could mean that a policy has very high deductibles. Although this is fine if you have a very old car, you may need to reconsider your position if yours is a new car. Remember the law requires that you contribute this amount if you file a claim.
3. What’s their forgiveness period? Traffic violations and accidents are usually cleared off a policyholder’s record after a given number of years. What’s it for this insurer. This should be of particular interest to you if you don’t have a very great driving record.
If, after checking for these things, you are satisfied then you can go ahead with the offer. There are many other reasons (good reasons) why an insurer’s rate could be far lower than industry average.
Also, do your best to read through your policy details and have all your questions answered before you buy.
Now is time to put what you’ve learnt into practice and save yourself hundreds or, maybe, a few thousand dollars. Obtain auto insurance quotes from these reputable sites.
