We all know that comparison is the best way to get the perfect coverage for your car. Car insurance can be compared by talking to agents of different insurance companies, by visiting the official sites of insurers and checking out their prices or simply by punching in a few details in an online insurance aggregator and getting price quotes and benefit details all at the same time on your computer screen. However, irrespective of the method of comparison, you need to keep certain ground rules in mind while comparing insurance quotes to get a perfect balance of affordable price with ample coverage.
Price is not the final deciding factor.
When we try to compare car insurance policies from various insurers, we tend to take the price as the "bottom-line" and try to look for a plan that costs least. Not everybody likes to shop for insurance plans and so take price as the only deciding factor. But the fact is that price can never be the only aspect to decide on a good insurance plan. If getting the perfect insurance is your motive, then besides the price you also need to thoroughly check the other minute details like the risks covered and the additional benefits being offered. It often happens that certain insurer compromise on the coverage in order to keep the price low. Your investment into car insurance goes for a waste in the policy does not fulfill all your requirements.
Be specific about your information.
When you plan to purchase car insurance, you don't want any assumptive figures. Rather you must be looking out for the exact amount of premiums. In order to ensure that you get the correct quotes, you need to furnish specific and correct details about your car, like the make , model, year of purchase, if any additional safety or other equipment installed or not and so on. When asked about your driving history, you should be able to provide them the details about any previous accidents that have occurred and the amount that you claimed for that. Previous claims affect the premium of the policy you are planning to take.
Scrutinize every detail exhaustively.
Comparing car insurance is not an easy task especially with numerous coverage options to choose from and each policies excelling, falling behind or differing from each other in some way. A real "apples-to-apples" comparison is not possible. Failing to do a thorough research might lead to missing out on some critical coverage. The coverage included in all quotes is never equal. Hence you should always set a common level of coverage for policies based on for bodily injury, property damage liability, collision coverage, uninsured motorist coverage and personal injury protection and then consider the additional coverage that they provide.
Refer to your existing policy (If Any)
In case you have an existing policy for your car, referring to it before comparing car insurance quotes can be a good way to start comparison. The previous policy can be used as a measuring tool for deciding whether you are taking the right coverage. Taking it as a base, u can judge if certain coverage needs to be increased or lowered, etc.
Research about the financial background of the carriers
The last thing you will want to face is your insurance provider fails to pay your claims in times of emergency. Hence, it is always a smart move to find out the financial stability and claim settlement ratios of insurance companies that you are in your consideration.