Is the Cheapest Type of Car Insurance Right for You?

Is the Cheapest Type of Car Insurance Right for You?Saving money on your insurance premiums is wise. Buying insufficient coverage just to save premium cost is not. Auto insurance coverage is not inexpensive and seems to consistently confuse shoppers. Those few remaining U.S. states that lack an insurance coverage requirement have financial standards that drivers must meet. Often, car owners need more financial assets than those who simply buy adequate insurance coverage in those states that accept no insurance protection.

However, if you are focused on obtaining the cheapest auto insurance available, you have some options. Understand that, in most U.S. states, insurance “follows the car.” Therefore, should you opt for the least expensive type of auto insurance, liability coverage, you may only be fully covered when you are driving your insured vehicle. Should you borrow a vehicle from a friend or family member and suffer an accident, the first line of defense will be the insurance (or lack thereof) on the borrowed car. Should you be deemed “at fault,” however, your personal liability coverage will probably be required to reimburse your friend’s company for paid claims.

The cheapest type of auto insurance coverage is liability. Do not misunderstand this statement, as liability insurance is not inherently “cheap.” Minimum state law typically requires, at least, liability coverage. Individual states determine he minimum limits each driver must carry. Common liability minimum coverages are in the $25,000 per person, $50,000 per accident (regardless of the number of injured persons involved), $10,000 property damage and around $10,000-$20,000 uninsured (or underinsured) motorist coverage.

Although the cheapest car insurance coverage, minimum liability policies are often insufficient for many drivers who have more valuable assets (homes, boats, bank accounts, etc.) to protect than the least expensive insurance can cover. Further, neglecting to purchase collision and comprehensive, e.g., theft, coverage will save you premium dollars. However, should your car suffer physical damage, broken windows or theft, costs to repair or replace your vehicle will come from your pocket and personal funds.

Liability-only coverage will be the cheapest coverage in all U.S. states. However, it may not protect you to the level you want or need. Yet, it will help. Something (liability insurance) is far better than nothing. Even if you seek the cheapest car insurance, shop via the Internet. Good options are often those independent agents with interactive websites that allow you to shop multiple companies and receive several quotes for identical protection.

Is Now a Bad Time to Own a New Car?

Want to Buy A New Car?It seems that everywhere you look, there are signs of financial distress. Even the credit rating of the United States has taken a hit, and you probably know a few people who are out of work. Given all of the uncertainty, is now really the best time to own a new car – especially when you consider factors like the high cost of new car insurance? Experts say that as long as you do your due diligence and compare auto quotes before buying, there’s no reason not to.

As it turns out, one of the greatest concerns that new car owners have – incredibly high rates for new car insurance – can be handily addressed just by shopping around and knowing your options.

Do you own a home? If you haven’t done so already, combine your home insurance policy with your auto insurance policy to get the biggest savings. Even some of the cheapest car insurance companies out there can’t compete when you compare auto quotes against those you’ll get from your home insurer.

Don’t own a home? You can still take advantage of a combo package if you have renter’s insurance or life insurance. Before looking anywhere else, check into this. You could be sitting on a practical goldmine of savings and not even know it.

The bottom line is this: there’s always going to be economic uncertainty. But as long as you know how to save money and you practice proven methods of doing so, like not settling on the first insurance company that will approve you, you can have the things that you deserve without sacrificing your financial well being.

Take the Hassle out of Car Insurance

Car Insurance as SaviorLooking for car insurance quotes is never a fun or easy task. For many, it’s difficult to motivate themselves enough to get off the couch and begin the process of countless hours spent driving from one insurance lender’s office to another filling out miles of paperwork just to get a single quote. Searching for a more convenient way, we might try the telephone. Instead of going from office to office, you’ll call number after number speaking to automated answering systems and waiting on hold for the next available agent. Why go through all the hassle? Surely there is an easier and faster way of getting the car insurance quotes we need.

Indeed there is. The Internet

The Internet has proven time and time again that it can make life so much easier for everyone. Using the Internet, you can shop for a variety of things that you need and want, including car insurance. There are hundreds of websites available online for people to search for car insurance quotes. At your convenience you can shop from home, office or anywhere that you have access to the Internet.

By shopping online for car insurance, you can be sure to get the cheapest car insurance quotes available from multiple lenders instantly. Comparing car insurance quotes helps you to save money every year. The Internet gives you the power to access information from multiple lenders at one time. You can receive quote rates, read about the company and research benefits and discounts that you are eligible to receive. You can even purchase your car insurance through the Internet. If you like the price that you are presented during your online research, just click and buy.

How It’s Done

Shopping for car insurance online is easy. Just a few simple steps can get you the car insurance quotes you need in order to make comparisons and purchase the right car insurance coverage that is right for you. Don’t worry about getting dressed up to meet one insurance agent after another and don’t fuss over being put on hold only to speak to a voice recording. From the comfort and convenience of your own home you can log onto the Internet and begin searching for car insurance quotes. Simply select a website that will give you quotes from the lenders you are most interested in and fill out the online questionnaire. The questionnaire asks for information about your car, your driving record and what type of coverage you are interested in receiving quotes for. Once you have filled out the information and submitted it, the rate quote website will begin searching through insurance companies in order to send you information on multiple car insurance quotes. With this information you can make comparisons and purchase the car insurance coverage that you’d like. Begin your search today at AgentInsure and compare quotes from multiple carriers in one place. This way you don’t have to enter your same information on multiple sites. Not only is that risky, but it can take a long time.