Shopping for low auto insurance rates?

If car insurance is taking a huge bite out of your budget, it may be time to look around for a provider that can offer good levels of coverage at lower rates. Here are four easy steps for finding low auto insurance rates and making the switch.

1. Conduct online research. View the websites of different insurance providers and ask for auto insurance quotes. Collect information from multiple companies.
2. Get recommendations from people you trust. Ask friends, relatives and co-workers if they're happy with their car insurance companies. Find out if those insurers have good reputations among policyholders who have had to file claims.
3. Compare apples to apples. An insurance company may quote low rates, but make sure those rates are for adequate levels of coverage. One way to determine how much insurance you should be getting is to look at your current auto policy. Do this by reviewing the policy declarations page. It describes the types of coverage, limits and policy term.When you contact companies to learn their auto insurance rates, make sure they give you quotes for the same level of coverage, or more, if necessary.
4. Notify your old company in writing. If you find a provider that offers lower insurance rates, and you're ready to change, make sure you cancel your old policy in writing. If you don't, your company may suspend coverage for nonpayment and report your account to the state.

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