Reader’s Question:

How do I find the best auto insurance policy for me?

Lexis

Chattanooga, TN

Getting the best auto insurance policy these days is much easier than you think. Although auto insurance agents and brokers can help you, you are very much capable of finding the best rates for you. The following tips would prove valuable in helping you find the auto insurance that is best suited for you:

1. Know Your State Minimum Liability requirements - Most states require you to carry certain minimum amounts of liability auto insurance coverage. This is very important as you want to make sure your policy is adequate to cover you in case you are sued for causing damages and injuries during an auto accident.

2. Shop for Rates Effectively - Use online auto insurance portals and comparison websites. You can get free quotes of the latest rates coming from lots of different auto insurance providers. This helps you effectively compare apples-to-apples and therefore maximize your chances of finding the insurer that best fits your needs.

3. Buy Only The Essentials - Avoid paying for redundant coverage. Study your auto insurance policy carefully. You might see certain coverage that are similar to what you may already be getting somewhere else. For example: Personal Injury Protection (PIP) works the same way as your medical insurance plan, so why pay for two? Decide if you can afford to rent a car should your vehicle goes out-of-commission temporarily as well.

4. Choose Your Insurer Wisely - Independent rating agencies such as Moodys, J.D. Powers, and A.M Best offer valuable consumer information. They rate performance of companies based on categories like billing & payments, customer service, and pricing. This can prove quite useful in helping you find the best auto insurance policy and company.