When you buy anything online or offline, you would want to get it at the best price, right? Then why should car insurance be any different? Unfortunately, many car insurance buyers, especially first-time buyers do not do their due diligence and purchase a random car insurance policy only to later realise that they are paying more than they should or the policy does not suit their needs.
Getting the best deal on a car insurance policy has a lot to do with the understanding of the insurance market, how the insurer calculates the premium, the kind of vehicle you drive, etc. So, to get the best deal on car insurance, it is paramount that you get car insurance quotes from at least 4-5 different insurers, compare them, and finally choose the one that offers you maximum coverage at an affordable premium.
If you are not sure how to get car insurance quotes, here are a few tips.
Know your budget
To get a suitable car insurance coverage, you must have a fixed budget in mind; you must know the maximum amount you can afford to spend on the premium. Depending on the budget, you can leave out the high premium plans.
Also, based on your budget, the policy’s coverage will change. If you have a high budget, you can purchase a policy that offers a wider and more comprehensive coverage. If you have a limited budget, you can look for a plan that offers sufficient coverage to suit your needs.
Keep track of your driving records
When it comes to getting accurate four-wheeler insurance quotes, your driving history is likely to have a significant impact on the kind of coverage you are likely to get and the premium charges. If you have been booked before for violating or you have received a ticket for violation of any traffic rules like breaking the signal, over speeding for rash driving, the insurer will consider these factors while preparing the quote for you.
Life events
You may not realise this but certain life events and changes have a significant impact on your car insurance quotes. For example, many insurance companies consider newly-wedded individuals and people who have become parents recently to be a more responsible driver than those who do not have a child. So, if you belong to the latter category, be ready to receive a higher quote.
Claim history
The insurance companies use the claim history information to evaluate the risk they will be taking in offering you insurance coverage. So, if you have never filed a claim before, you need not worry about anything. But, if you have a claim history, it is advisable that you inform the insurer about it. Disclosing such information upfront can have a positive effect.
While you may get a slightly higher quote than someone who has not made any claim, disclosing the details of the claim can stabilise the effect of increased premium. You can also negotiate with the insurer that the claim was a one-off incident, and you are unlikely to repeat the same in the future.
Vehicle specifications
While it may seem obvious that you must provide details of the car you drive while getting a quote, most people don’t divulge this information. So, if you want to get a car insurance quote, you must provide details of your car model number, manufacturing year, dealership details, etc.
These smaller but significant details will help the insurance company assess the car’s value, depreciation factor, and the potential risk associated with insuring the car. Keeping these factors in mind, they will provide you the best and accurate car insurance quote.
Final Word
Now that you are aware of the different ways to get accurate car insurance quotes, do your due diligence, and get the best quote. While it is important to get quotes from a few different insurers, it is critical to compare the quotes carefully, and shortlist the right insurer and plan that offers maximum coverage at the best price
