5 Tips for Choosing the Best Car Insurance

David Banks's picture
Authored by David Banks
Posted Thursday, March 14, 2019 - 4:42pm

Every year, more than 2 million people suffer from car accident related injuries. For this reason, car insurance and mandatory for all drivers because it protects you, your vehicle and everyone else on the road. However, choosing the right car insurance can be a difficult task. Thankfully, a little knowledge will take you a long way and help you in deciding what company and policies are best for you.

Keep reading this article for 5 tips on choosing the best car insurance.

Research

Never decide to go with the first option for car insurance you are presented with. You need to do extensive research before deciding what type of coverage is right for you. To get a better idea of what you need ask your self these questions

You need to know what kind of coverage is right for you, what providers in your area are offering that coverage and what the insurance requirements for your location are. 

It is important  to get coverage that complies with your areas law but you also want coverage that won't break your budget.

Compare Companies and Quotes

The next step you should take is to compare car insurance. There are many companies out there and all of them are going to give you a different quote. If you are renewing your coverage, compare the renewal price with other competitors.

Comparing coverage, quotes and companies will ensure that you get the best rates. Consider bundling insurances through a company if you have more than auto insurance. Some companies give great discounted rates if you bundle home, auto and life insurances through a specific company.

Consider your Deductible

Recently, car insurance premiums dropped to a record low in the UK which saved people hundreds of dollars. You shouldn't expect to get that lucky.

Instead, consider saving money by looking at different deductible options.

Generally speaking, higher deductibles give way to lower premiums. If you are a safe driver and have never been involved in an accident, a higher deductible could save you hundreds in premiums. However, is you are involved in an accident after switching to a higher deductible you will be responsible for paying that higher deductible.

Analyze Annual Rates

The world of car insurance is constantly changing so you will want to get into the habit of checking and reviewing rates annually.

If you are a good and loyal customer it is likely that your current provider will continue to offer you discounts, but it is always wise to do some research and see if you can find similar coverage at a cheaper price.

Look For Discounts

Finding the best discounts is not hard as long as you know what to look for. A variety of discounts are offered by many car insurance providers based on several factors. Common discounts include: Anti-theft Discount, Good Driver Discount, New Drivers Discount, and New Vehicle Discounts. You can even get NHS discounts for insurance.

Many providers also offer a discount for policy bundles. Bundle your home, car and life insurance policies if you want to benefit from this type of discount.