Shopping for insurance with different agents/companies can lead to not only confusion, but actually paying more for less coverage. Remember these 5 things when shopping:
- You should know that “full coverage” means many different things. When agents describe full coverage auto insurance, they’re typically referring to carrying both liability and physical damage coverages (comprehensive and collision).
- Meaning, there are many different levels of “full coverage” insurance. You can buy anywhere from $25,000 in liability to $500,000 and it is still considered full coverage, but the price is much different.
- Compare apples to apples, use the exact same coverage for each quote. If one quote has your bodily injury coverage at $25,000 and the other has $100,000…big difference. If one has $1000 deductibles and the other $250…big difference. If one quote has personal injury protection (PIP) and another one doesn’t…huge difference.
- Simply give the agent a copy of your declaration page (all your coverages) and have he/she match them.
- Before accepting the quote, make sure the agent gives you the correct price by running all your reports. Many consumers get a quote online, and mistakenly believe that is the price they will receive.
- Unless you have gone through an agent, the reports have not been run, which takes into effect your accidents, claims, violations, and the big one…your credit score. All those things will impact the premium.
- NEVER CANCEL YOUR CURRENT POLICY on the date PRIOR to your new policy starting. If your new policy starts on April 1st, then your former policy needs to be cancelled on April 1st.
- If you cancel the old policy on March 31st, and the new one starts on April 1st…you will go one day without insurance, and in the future when you go to get a new quote…it’ll show that you had a lapse in coverage and you’ll get a big increase.
To get an insurance quote: tonyrussell.blog/insurance-quote/
