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The Helpful Guide for Choosing the Best Auto Insurance

Do you wonder how to find the best insurance deal? Then, you are recommended to check the useful guide for choosing a reliable insurance for your auto, which will help you to be on the safe side in any situation. Have a look at the simple but effective tips for identifying which company can offer you the best car insurance.

5 Tips for Picking the Safest Car Insurance

Check the helpful tips for choosing auto insurance:

  • First of all, you need to learn as much as possible about the company that you have attributed to potential insurers. Check all possible sources of information: advertising, reviews of friends, and ratings of insurers. When studying the latter, it is imperative to pay attention to the level of payments to the company. This value usually ranges from 30-80%, and it is worth avoiding insurers who have payments either lower than the first digit or higher than the second.
  • The branching nature of the insurer's branch network should also be taken into account. For those who make long trips around the country, it is still better to insure themselves in a company that is “present” in all regions.
  • The main selection criterion, of course, is the cost of insurance. Now on the market, the minimum price of an additional insurance contract with a very narrow set of services is 4.2–4.5% of the sum insured (car cost). The average set of services will already cost the client 5.2-5.8% of the sum insured. The price of the insurance kit with a zero deductible starts from 6.5%. In some insurance companies, the cost of the policy increases by 10-15%. If the car is included in the “black” list of the most hijacked cars (for example, according to experts, it is Subaru, Mercedes, Skoda), then the policy will be 1.5-2 times more expensive.
  • If the insurance company offers the client a tariff lower than the average for the market by 20-30%, then it means that it either needs money urgently to cover losses of previous periods, or this is an advertising campaign to attract customers. It is also possible that the rules contain a complex mechanism for obtaining insurance compensation, and it’s not a fact that it will be possible to receive it at all.
  • The next important criterion that you definitely need to pay attention to is the size of the franchise. Today, in the programs of many insurers, it ranges from 0.5 to 5%. The price of insurance depends on the size of the franchise. The more the latter, the cheaper the policy is. According to experts, a “franchise” of 200–500 dollars is usually “painless”, which does not exceed 1% of the cost of a car.

When you have studied the insurer well, have chosen the optimal price for the insurance and the franchise based on your possibilities, it is necessary to analyze additional conditions. Learn more tips for choosing the right insurance company before making a decision.

 

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