Buying car insurance on the surface seems like an easy thing and for some companies it is. You can go online and sign up for car insurance day or night and never get out of your pajamas. The problem with this is that you don’t get to ask the important questions.
Sitting down with your car insurance agent and getting straight answers is the best way to buy car insurance. If you are unable to do this, at least find someone to talk to online or via the telephone that can give you a fair representation of what the company has to offer.
Once you have the chance, what questions should you ask? Here are five important ones that often get overlooked when buying car insurance:
1. What happens if my car breaks down after hours?
A significant enough portion of car insurance companies will not have a 24 hours claim service and that should matter to you. Being able to get in touch with your car insurance company at all times is something you should be able to do. This is a deal breaker for many but most never even realize they don’t have it until they need it. Ask ahead of time before you buy any car insurance.
2. What discounts do you offer?
The vast majority of car insurance companies have potential discounts that get missed. Some offer up discounts for good grades, young drivers, multi-car policies and countless other things. Get the full list of potential discounts and be sure to cash in on any that apply to you when you get your rate quote. You might as well get your best offer.
3.Where do I sit in your risk assessment hierarchy?
Few sales people will say it, but all car insurance companies do a risk assessment of some sort when they quote car insurance. They each seem to have their own formulas and that is part of what determines your rates. Where you stack up in that formula is important and you should be asking about it. What counted against you? What was in your favor? These types of questions can give you vital information about how to lower your rates when you do take the policy. Be sure to shop several places first though.
4.What is my deductible?
You would probably be shocked at how many people have no clue what their deductible is. That is the amount that you have to pay out of pocket before the insurance starts paying if you happen to be one of those people. This amount is going to be a huge factor in how much your rate is as well. If the deductible is high, your rate will probably be a bit lower. If it is low….well, you get the idea.
5.What are my payment options?
The dreaded payment options question is one that nobody wants to ask, but you should welcome it. If you pay it off for an entire year, how much money will you save? Ask what payment options is the cheapest over all and try to accommodate that if you buy. Insurance costs are high enough without us paying bonus money for not having the right information. Inform yourself.
Car insurance is not that complicated, but it does require a degree of common sense. Taking the time to know what to ask is a good step in the right direction. Knowledge is power, and that is a lot true when you are buying car insurance.