Where to Get the Best and Cheapest Car Insurance Rates

Trying to find the best and cheapest car insurance can take hours, even days, if you don’t know how to do it. Here’s how to get cheap rates with top companies the easy way.

The Best Car Insurance Rates

In the days before the Internet, finding the best car insurance rate was a matter of calling a bunch of local insurance agencies to get enough quotes so you could compare them and choose the best one. And even then you weren’t sure you were getting the best rate because in most areas there were only a handful of companies to choose from, and many agents wouldn’t give you quotes over the phone.

Now, thanks to the Internet, you can get rates from multiple companies by visiting an insurance comparison website. These sites work with insurance companies who compete against each other to get your business. All you have to do is fill out an easy online questionnaire with your insurance information, then wait for your quotes.

Some of these websites feature an online chat service where you can ask questions and get advice from insurance experts (see link below.)

The Cheapest Car Insurance Rates

In order to get the absolute cheapest rate on your insurance, I recommend going three steps further…

1. As you fill out the questionnaire at the comparison site, make sure you request the highest deductible you can afford (this can save you up to 50% on your insurance premium) and get all the discounts you’re eligible for

2. Visit websites whose companies are known for cheap auto insurance rates such as Progressive, Geico, Amica, and Esurance. Get their rates and compare them to the rates you got from the comparison site.

3. After you choose the company with the cheapest rate, call them to see if there are any other discounts you may be eligible to receive and take advantage of them.

Bottom Line

Spending a little time getting the best car insurance rate can save you hundreds of dollars a year, which translates into thousands of dollars back in your pocket over your lifetime.

New Jersey Car Insurance Rates Improve

Car insurance rates have lowered in 2010 in New Jersey, a welcome development as New Jersey once had the highest auto insurance rates in the country. Now is a great time to shop around for low cost auto insurance deals. It’s worth reading up on information about car insurance in New Jersey so that you can be well prepared to find a good deal on your insurance; read on to learn some basics.

Though with the new car insurance conditions in New Jersey more companies are doing business there, many insurers still only provide insurance to old clients and refuse new ones. Of those companies that do accept new clients for their car insurance in New Jersey, Amica is one of the best in terms of price and coverage, although they only accept business with you if you have a practically impeccable driving record. GEICO is a little costly for what it is although it’s reliable; you can also go to Palisades Insurance Group and Esurance.

As of March 22, 1999, New Jersey allows car insurance buyers to choose between three main types of policy. A “mini policy” is the cheapest but it means that you revoke your right to sue for damages if you are injured in a car accident even if you are not at fault. A “limitation on lawsuit” policy allows you to go to court if you have suffered serious damages such as permanent disfigurement or loss of a fetus but not less than this (for a full list of such damages, consult government literature). Finally a “no limitation on lawsuit” policy costs the most and allows you to undertake any valid lawsuit you choose.

Car Insurance Company

A car insurance company is an organization that provides cover on an automobile against any loss. This means that in case of any accident, the company will compensate any financial loss. To have this cover, a person is required to pay a fixed amount periodically to the company. This is known as premium.

It is against the law to drive without car insurance in almost all of the states. People are always looking for better and cheaper options, as insurance can be expensive. There are many leading car insurance companies that provide car insurance at competitive rates.

A car insurance policy term is generally six months. People have an option of renewing their current policy or going with another insurance provider every six months. This is why retaining customers and constantly securing new customers are major areas of focus for insurance companies.

To do this, the companies adopt many strategies. They divide their customer base on the basis of multiple parameters. They offer attractive discounts to people who have a good driving history. Their point is to encourage better and safer driving. Customers with a poor driving record and, sometimes, bad credit history, are charged more and are put in a “high risk” category. Also, most of the companies offer discounts to students, senior citizens, people who have been with same company for long time and military personnel. For customers in active military duty, they have special policies.

A major cause of concern for car insurance companies is fraudulent claims. People report false accidents and losses to get money from their insurance companies. To check this, insurance companies have their own investigators. Also, they offer discounts to people who make very few or no claims. This is done to discourage people from filing claims for every small or big amount.

Some of the major car insurance providers are Allstate Insurance Company, State Farm Car Insurance, AIG, Safeco, Unitrin Direct, MetLife and Amica Insurance. Most of them offer 24/7 customer service and can be reached through their Web sites and their 1-800 customer service numbers.

Car Insurance – Five Things to Avoid When Buying Car Insurance

Buying car insurance can be frustrating, time consuming and confusing. But you can save yourself some time, frustration and confusion if you will avoid these five things when shopping for car insurance.

1. Low Deductibles

When you choose low deductibles, the insurance company charges you the highest premium. That’s because they are carrying most of the risk. The wise choice on Collision and Comprehensive (other than Collision) coverage is to take the highest deductible your budget could stand. If you already have a $500 deductible, consider a $1,000 deductible. You’ll save a bunch of money on premium.

2. Low Liability Limits

There are some car insurance companies out there that pride themselves on selling policies that meet the state minimum requirements…just enough coverage to make you a legal driver in your state. I grudgingly admit that state minimum coverage is far better than having no coverage at all. However, most drivers have lives, assets and incomes that require better protection. If you injure another person in an accident, and they get a jury award of $250,000, and you only have $50,000 coverage…your finances are ruined a long time into your future. Choose very high limits…$250,000 or higher. The coverage is inexpensive. You’ll NEVER be sorry.

3. Phone quotes

You need to get your car insurance quote IN WRITING. Why? Because you need to know exactly what is covered, the coverage limits and the deductibles. Getting quotes over the phone is convenient, but you need to have the agent follow up by sending you the written quote by mail, fax or email. NEVER buy car insurance based upon only a phone quote.

4. Inexperienced Agents

I wrote an article entitled “Insurance Agents: Does Yours Measure Up?” In that article, I give all the criteria you should use to evaluate your insurance agent. But for this article, let me give you three recommendations:
o Interview EVERY insurance agent to find out their level of expertise. Only do business with the most qualified, educated and experienced agents. Let the inexperienced agents practice on people who don’t care about protecting themselves the right ways.
o Don’t always chase after the lowest premium. You get what you pay for. You’d be better served to pay a higher premium if a highly qualified agent takes care of you. You don’t drive the cheapest car you can find, do you?
o Never be hesitant to call the Department of Insurance of your state if you have problems with your agent. Agents are regulated for a reason.

5. Companies that get lots of complaints.

I recently wrote an article about the Top Ten Companies who get the LEAST amount of complaints with the New York Department of Insurance (DOI). You can read that article which is also posted at this website. These are companies that get complaints at the DOI.

The three most common complaints are:

1. Monetary settlements – settlement amount is too low.
2. Policy terminations
3. Promptness of insurance claim payments

The companies are: (in order, least complaints top, higher number as you descend)

1. Mercury General Group

2. American Express, Amex Assurance, IDS Property Casualty

3. Eveready Insurance Co.

4. Electric Insurance Group

5. Amica Mutual

6. Preferred Mutual Insurance Co.

7. United Services Automobile Assurance Group (USAA)

8. Chubb

9. Utica Mutual

10. State F*arm Mutual

My recommendation is that you should never do business with ANY company that ranks below the top ten in number of complaints about their service.

If you will avoid these five things, you stand a very good chance of buying the right insurance at the right price. Take control of your insurance!

If you are one of the unfortunate people who experience a car wreck, you’ll need to know how to handle your insurance claim so that you maximize your recovery. You will need to know how to take control of your insurance claim, and add hundreds or even thousands more dollars to your claim settlement. For more information, check out the website shown below in the Resource Box.

Now, I’d like to offer you two special reports at no cost. One is “5 Things To Do When Shopping For Car Insurance,” and the other is “5 Things To Avoid When Shopping For Car Insurance.” Each one is a $9.95 value, but free to you when you sign up for my newsletter at the website address below.