Understand your coverage
The first step is to understand the kinds of coverage you can buy. The six types of coverage that traditionally make up a policy are:
- Bodily injury.
- Personal property liability.
- Personal injury protection, or PIP.
- Uninsured motorist.
Some types of coverage are optional, and others are required. But before you start searching for a new policy, you need to know what you're buying. A good place to begin is with your current policy. Ask yourself if there's anything you can do without. When you know what you need, you'll be ready to go shopping and compare auto insurance quotes.
The key to comparing auto insurance quotes is research. The more carriers you talk to, the better price you're likely to find. But aside from a little time, the search shouldn't cost you anything. Start by gathering your personal information, including driver's license, current policy, address and employment information. From there, you can search online, look in the Yellow Pages or even work with a trusted broker.
When you compare auto insurance quotes, you may find that prices vary a great deal. But before you pull the trigger, it pays to think like a carrier. Loyal customers who stay with a carrier over a long time often get discounts. Likewise, customers who use the same carrier for other types of coverage like fire and homeowners will also get discounts. And of course, if you have a better offer, it doesn't hurt to ask if your current carrier can meet it.