Car Insurance Buying Process

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Steps to Follow While Buying Car Insurance

Buying car insurance may seem simple enough. You may still use the same company as your parents. Perhaps, you selected a provider that has memorable commercials that made you laugh. Whatever the case may be, here’s the truth bomb: You’re most likely overpaying for car insurance.

The important thing to remember is that when you buy car insurance from an agent, you are talking to a skilled salesperson. These agents typically make a commission off of your sale and will make you think you got the best deal in town.

Negotiating isn’t everyone’s strong-suit and buying your car probably already felt like a battle of wits. For first-time car owners, the prospect of how to get car insurance can feel very intimidating. Even if it’s not your first rodeo, if you aren’t an insurance aficionado, there’s a good chance you’re getting played.

While shopping for car insurance isn’t rocket science, getting the best rate possible requires you to have the life experience necessary to know what to ask and how to answer. As the saying goes, “Knowledge is power.”

You need to find the best car insurance company and rate available. You can walk you through the car insurance buying process step-by-step; including research, picking the right coverage, not overpaying, and knowing all of the discounts available. Most importantly, give an inside look at car insurance sales tactics, the motives behind the questions they ask, and a closer look at all of the ways they can profit from someone without the right knowledge.

Comparison Shopping  

How to choose the best car insurance company?

If you are getting your first policy, or if your current policy doesn’t meet your current needs, it’s important to choose the best car insurance company for your specific needs. If you don’t shop around you may end up paying more than you have to in premiums.

  1. Use a website like Young America Insurance to help you find the best insurance at the lowest rates. It only takes a few minutes to answer some questions to see a list of results of car insurance quotes. It’s a quick way to see which providers may be the best for you.
  2. Shop around for quotes.
  3. Look for discounts – The more discounts you can get, the better., it’s a good top choice for your new car insurance carrier.
  4. Check out how to file claims – A lot of carriers will have a mobile app that makes it easy to file claims.
  5. Compare companies’ ratings.

Not So Fun Fact: Many people who are dissatisfied with the service they receive and the premiums they pay, still remain with the same insurance company. This doesn’t make much sense. If you’re thinking the older generations are the most faithful, you’ll be surprised to know that it is the younger drivers that are the most loyal.

Despite any loyalty, 70% of drivers reported in the survey that if they could save $25 to $200 per year on their premium, they would switch companies. This is certainly doable if you follow the tips in this guide and do comparison shopping.

While Gen Z and Millennials are 70% game to spend only an hour each year comparing quotes to save $100, Gen X drops to 62% and Boomers to 46%.

National Carriers vs. Regional Carriers  

When it comes to buying car insurance, a national carrier typically will quote you lower compared to regional carriers. The downfall is that you are more like a number than a valued customer. The plus side is that you may end up with a better, more affordable policy with some additional coverages a smaller company may not offer.

If you select a small regional carrier, you may get treated like a king or queen. These smaller companies exist due to your business, so they will go above and beyond with customer service. This does not guarantee they can beat the price of a national carrier.