We know that competition is good, and that it allows us to pick a provider whom we think would fit to our demands. A playing field that permits companies to extend, enhance and intensify their products or services to gain more customers. Over the past few years, we’ve seen how the property and casualty insurance division fiercely fought with each other. While competition seems to be an eyesore to a company, it is usually the opposite on the consumer’s perspective.
Now, in order to find the best rates in car insurance, you’ll have to do some comparison to determine which one is right for you. This means covering all the areas, whether you’re doing it online or offline (on the phone).
In order to land to a cheap insurance policy, you need to consider these three key points:
- Large corporations
- Small companies with regional offices
- Independent freelancers or insurance agents
Question is how are you going to determine that this option is better than the other two? Well, it depends on your situation, and that’s what we are going to discuss in this article.
Choosing option 1
If you’re already with large corporations like Geico or AllState, then it’s already a good start. Maybe because you have your home or other property insurances with them, so why not include your car insurance with them as well. Large companies such as theirs won’t give you the personalized service that you always receive from other smaller companies, but most likely, you’ll get a bulk discount for being their loyal customer.
So, if you have a homeowner or life insurance policy with them, they are more likely to offer car insurance breaks too especially if your driving records show that you deserve to have one.
Choosing option 2
Small companies with regional branches can also offer cheaper car insurance rates plus their personalized service. This option is useful if you are not currently with large companies already. Just make sure you have a clean driving record, and you’re on your way to a heavily discounted policy.
On the part of the company, they are usually choosier as to who gets their policy written. Don’t expect lower rates if you have moving violations or huge claims in the past. If your application gets accepted despite of those tickets, chances are they will charge you with skyrocketing fees.
Choosing option 3
The last option would be the free agents. They are independent in the sense that they do not only carry one insurance company but instead multiple corporations. In order to find the best insurance rates, they will obtain multiple quotes in your behalf and present them to you for evaluation and possible purchase.
Bigger is not always better
Keep in mind that although large companies always get the best ratings from most consumer groups, it may not be a wise choose for you after all. Understand your needs first and then find that company to answer those needs.
Lastly, don’t forget the tips above when shopping for your car insurance policy if you want to find the right company with the lowest possible price.
