When times get tough, it’s time to do some shopping.  That’s how the old saying goes.  In tough economic times like these, it pays to shop around for everything you can.You want to ensure you are getting the best price on what you need to pay for.  That includes car insurance.Learn how to get the best deals on auto insurance.

When looking for auto insurance, get several quotes every other policy term to see how your rates compare with other companies.  You see all the ads on TV from Progressive to Geico to Allstate to State Farm and now 21st Century and Esurance.  There is a lot of competition because they all want your business and it is profitable for insurance companies.

When looking at insurance for new cars, get price quotes online through comparison shopping sites.  If one company’s rates are much lower than another make sure all the coverages are the same.  If one company uses your credit score and another one doesn’t, the one that doesn’t will probably have a better rate.

When looking at insurance for used cars, try and set the highest deductibles you can afford so you can save money on comprehensive and collision coverages.If the car is over 15 years old, you should consider the highest deductibles or liability only coverages.

When looking at insurance for classic cars, make sure you get classic car insurance and not regular insurance.  Most regular insurance coverages do not provide adequate cover for a 56 classis car.  They will not pay you the $30,000 the car is worth as an antique.So make sure you buy antique car coverage to pay you for the full collector value of the car.

The best advice when shopping for car insurance is to shop around and match coverages.  Make sure you are getting all the discounts you qualify for.  Spending 20 minutes on the phone or shopping online could save you several hundred dollars per year, and that’s like earning several hundred dollars an hour.Which helps in rough financial times like these.

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Filed under: Car Insurance

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