Saturday, 5 January 2013

Tips for buying car insurance online

buying car insurance online 2013
Best insurance srock - Tips for buying car insurance online - online purchases insurance, guides to buy online auto insurance ; Strategy for 2013 Given the cost and other advantages, it is best to buy insurance online. "Time is not a constraint in online purchases. Customers have logged in at 2 a.m. to buy term insurance, If you are buying through a broker, be on your guard against mis-selling, or worse, cheating and forgery. There was a disturbing rise in such cases in 2012.

It seems like every time you turn on the television, you encounter a commercial that asks whether you're paying too much for your car insurance. Chances are your insurer won't be champing at the bit to tell you the answer, so the burden is on you to find out. But with an Internet connection and a little planning, you can do it on your lunch hour.

Whether you're shopping for your first policy or looking for a better rate, going online is a gateway to a world of auto insurance quotes and information about the companies that issue them. As you'll see, low cost is just one factor to consider. Let's take a look at five tips to keep in mind when you go online to buy car insurance.

Searching Online Is Just One Option
While there is a seemingly endless number of companies issuing auto insurance policies these days, there are really just two ways to buy car insurance: You can purchase a policy in-person through an agent -- a licensed individual who sells policies on behalf of one or more insurance companies -- or you can buy directly from an insurer via Web site or telephone.

Buying car insurance online still accounts for a relatively small portion of total auto insurance sales, but it's increasing in popularity. According to a 2011 survey by the Internet marketing research company ComScore, just 20 percent of new auto insurance policies were purchased online, compared to 43 percent purchased from an agent. However, the number of online purchases represents an increase of 5 percent from just two years earlier, while the number of agent purchases represents a 6 percent decline. Additionally, a 2011 survey by J.D. Power and Associates showed that 54 percent of new auto insurance owners applied for a rate quote online, the first time this has happened for a majority of respondents

Prepare Before You Search
Whether you shop for car insurance online or go one of the other routes, make sure you come prepared with all of the information you need to get an accurate quote. Take stock of your car's make, model, year, vehicle identification number (VIN), the zip code of where you park the car at night and any aftermarket safety or anti-theft accessories installed on the car. Get the license numbers of every driver to be insured under the policy, as well as the date when they were first licensed, and obtain a copy of your driving record. Get an updated credit score as well -- your credit rating can affect your auto insurance premiums, since some insurers say those with poor credit scores are more likely to file claims

There are a few steps you can take to get lower insurance premiums, as well. Tally up the number of miles you drove this year versus the previous year -- a significant decrease in the mileage you drive might help you get a lower quote. Consider completing a defensive driving course online, insuring multiple vehicles (or your home) through the same insurance company or looking for a plan with a higher deductible. You might even want to eliminate certain types of insurance not required by law in your state; you could forego collision and comprehensive coverage on very old cars, for instance

Shop Around
You should take a look at your auto insurance policy every year to find out how much you're paying in premiums and how much coverage you're getting in return. The cost of the same policy can vary widely between companies based on factors like how much the company spends on advertising, commissions paid to the agent and the risk levels of the company's pool of insured drivers.

To start comparing quotes, try logging on to an auto insurance aggregator Web site like NetQuote.com, Insure.com or InsWeb.com, where visitors submit information about their car and driving history in exchange for an array of quotes from different insurance companies. Typically, many of the quotes come via follow-up e-mails and phone calls from insurance agents. You can also try searching Web sites for companies like Progressive and Geico, which sell insurance directly to consumers and provide quotes immediately.

Before you submit any sensitive information through a Web site, look for a security policy to ensure that any communications are reasonably protected from third parties, and set your Web browser to notify you when you leave a secure connection.

Visit Your State Insurance Department's Web Site
Auto insurance is regulated on a state-by-state basis, and your state's insurance department usually has a bunch of relevant information to your search in the consumer information section of its Web site. Search the National Association of Insurance Commissioners State Web Map to find a link to your state insurance department

The depth of information varies, but these Web sites often include profiles of the different insurance companies licensed within the state, sample price comparisons charged by competing agencies to cover common vehicles, and consumer guides to auto insurance. Many insurance departments also provide complaint indexes, which tally the number of consumer complaints upheld against a particular company versus the number of policies they have issued. This information can be valuable in determining which company to sign with.

If you're unsure if a prospective insurer is licensed within your state, ask an agent. If the company falsely claims to be licensed in your state, report them.

Don't Go By Price Alone
Just because a company offers you a cheap quote doesn't mean you should let it insure your vehicle. Take a close look at the terms of your policy to ensure it matches your last auto insurance policy, and that you're getting an equivalent amount of coverage (or at least the minimum amount required by law in your state). Examine the terms of the agreement to make sure the company don't require the use of cheaper aftermarket materials for repairs instead of the original factory parts, which can pose safety hazards

In addition to the complaint indexes maintained by state organizations, you can refer to consumer satisfaction databases on Web sites like ConsumerReports.org and JDPower.com [source: Reed]. You should also make sure that your insurance company is financially stable before purchasing your policy. In addition to checking with your state insurance department, ratings organizations like A.M. Best and Standard and Poor's are good resources to determine a company's financial state. And look to your friends and family for recommendations, as well.

Disclaimer : The information on this website does not constitute recommendations to buy or sell any goods or investment assets, Investing can be risky, please note that it is your own evaluation of the risks and potentials that you base your investment decision on.

10 comments:

  1. I think buying car insurance online is the most easiest thing to do. Find few of the reputable auto insurance providers and compare their rates with each other to buy the best policy for the vehicle.

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    Sara William
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  2. Thank you for sharing. I live in MA where auto insurance is required by law. By following the tips you listed above I switched to Boston insurance company. I ended up saving money while getting better coverage, thanks!

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  3. Thanks for sharing this useful post...I would like to purchase car insurance totally online so I can go out and drive my car today. Who could I go to for reasonable insurance?

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  4. Nowadays, everything is available for sale online, even insurance policies. Why not? It's far more convenient and easier this way. However, purchasing an insurance policy from the Internet poses high risk. You’ll be giving out your personal and financial information on the Internet, which might be accessed by hackers. I suggest that you make sure your company is reliable enough before giving them information and/or purchasing insurance from them online. When in doubt, just go visit their office and talk to their agent personally.

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  5. First of all make a search on various insurance companies and their policies and then compare.There are many sites available on internet to compare all the policies and which one would you like better take it.online is the best way to buy an insurance policy.buy only from a reputed insurance company.

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  6. Great post! I really enjoyed reading your article because it contains a very meaningful and informative content. I hope there are still many things to learn and more surprises to come. Your site is very interesting and everyone will enjoy reading this article about ATV Insurance Pompano Beach. Thank you!.

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  7. Excellent tips! Of course searching online is just one option and we should visit our state insurance department’s web site.
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  8. Awesome just awesome article. I think this article may help my friend also that’s why I just share this article with my facebook. I am a regular reader of this blog.
    I learn a lot from your writing. Once again want to tell you good job.
    Thank you.

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  9. Just want to say your article is as astonishing.
    The clarity in your post is just great and i can assume you're an expert on this subject.
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  10. These tips can be a lot helpful for me and a lot of people who want to have cheaper insurance online. They do so because they do not want to go outside and search for a firm.
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