Here’s How to Get the Best Quote and Avoid a Newbie Mistake That Can Cost You Dearly
The number one mistake made by multi vehicle car insurance seekers is approaching only the companies that are most heavily advertised. The first insurance company that comes to mind is not necessarily the one that will offer you the best rate.
The single most critical factor in getting a low cost car insurance rate is shopping around for as many quotes as you can. Why? because different insurance companies charge different rates for the same coverage. In addition, insurance companies' competitiveness differ tremendously by customer location.
Only by obtaining several quotes that are specific to your situation and location you will be really able to discover the cheapest rate that is available to you. How many quotes? go for at least 5 quotes from different insurers, less than that will not do the job.
Now, usually shopping around for five quotes can be a tedious and time consuming task, but we will make it here much easier for you.
We've reviewed numerous quoting services to bring you the best ones. Each of the following free services can provide you with several competing quotes from various companies, thus enabling you to compare and pinpoint on the best rate that is available for your location:
1. Quotes Comparison Tool - May save you hundreds on your car insurance. This tool filters out the more expensive providers. Simply enter in your zip code and get free quotes from providers in your local area that offer the best rates.
2. Best-Quotes - Call them (toll-free) at (855) 981-7528 - this is a free by phone service that provides multiple company insurance rates specific to your location, see how companies compete for your business. Offers great rates from quality insurers.
One of the most effective ways to save money on your car insurance is to insure more than one vehicle with one policy. This is referred to as multi car insurance. You can receive a multiple car discount from your insurance company as a reward for bringing them more business.
In order to qualify for a multiple vehicle insurance policy you will need to insure two or more vehicles on a single auto insurance policy. It really is that simple.
You will be required to supply the lien holder and VIN information for each vehicle you are insuring in addition to the driver’s license numbers for every driver on the policy. It is the same information that you need to provide for a single car policy other than the fact that more than one vehicle is being listed.
There are some insurance companies that place a cap of four or five vehicles as the maximum that can be insured on a multi car policy.
Other rules that car insurance companies may impose will vary. There are some insurers that only offer a discount if all of the insured vehicles are owned by related parties or are within the same household. Other insurers don’t care whether you happen to be related or not but just require the cars to belong to the same address.
A majority of insurance companies do require the same uninsured motorist and liability insurance coverage for each vehicle. So, for example, if your first car has 100/300/50 liability limits, then all the subsequent vehicles on the policy will need to have these same limits.
However, comprehensive and collision and coverage can be carried on some vehicles but not others. This is also true for many add-on coverage like custom car or rental reimbursement.
Benefits Of Multi Car Policies
In addition to the discount that you receive, this type of policy also allows you to have all of your cars insured under one policy that has one payment date and one renewal date.
Amount Of Multi Car Discount
The discount for a multi car policy will generally range from a 10 to 25 percent reduction on the comprehensive, collision and liability portions of your auto insurance policy.
Each car will receive this discount. However, it doesn’t compound with every vehicle that is added. So if it is a 10 percent discount, the first vehicle gets a 10 percent discount whether two or four other vehicles get added to your insurance policy.
Other Potential Benefits With Multi Car Insurance Policies
In some states, you are allowed to stack your under-insured or uninsured bodily injury motorist coverage when there are multiple cars on the same insurance policy.
For instance, if you have two cars insured with uninsured motorist bodily injury that has coverage limits of $100,000 per individual and $300,00 per accident (100/300), if your uninsured motorist coverage is stacked, you can double your limits to 200/600.
Multi car policies can definitely save you money and offer other important benefits as well. If you need to insure more than one vehicle, it definitely is something that you should seriously consider.
Here is a list of discounts that are available to drivers and are provided by most insurance companies. When applying for a quote make sure to indicate any of the following that applies to you:
Low mileage: For keeping mileage down. some companies will require that you equip your car with an Electronic monitoring of mileage device.
Full payment: For when you pay all the premium due at once.
Safe driver/accident-free: when you have a clean driving record.
Multiple policies: available when bundling together auto insurance with other policies, such as content insurance.
Multi-vehicle: for when you own and insure two or more vehicle.
Early signing: For switching to a new carrier if shopping process started at least a certain number of days before old policy expired.
Anti-theft: when your vehicle is equipped with anti-theft device, such as alarm system.
Anti-lock brakes: when you have this feature.
Passive restraint: For safety features such as air bags and motorized seat belts.
Daytime running lights
Newer vehicle: For vehicles that are a certain number of years old.
‘Green’ vehicle: For a hybrid or alternative-fuel vehicle.
Defensive driver: applies for drivers who take a defensive driving course.
Military: applies to members of the US armed forces.
Affinity/occupational: group discount for belonging to a certain group or working for a certain company.
Paperless billing/automatic payment: For billing or payment done electronically.
Loyalty: when you have stayed with the same insurer for a certain period of time.
Good student: good students ( with good grades) are sometimes entitled to a premium reduction.
Distant student: For a young driver on a policy attending school far from home.
Homeowner: If you own your home or condominium.
Now here’s a list of insurance companies that service USA insured drivers. As indicated above, the number one “secret” to getting a cheaper rate is to get as many quotes as you can, the more quotes the better your chances of getting the best policy price that is available for your location. Simply contact as many insurers as you can of the following providers and ask for their best offer. And now to the list of companies and brokers: Swift, Progressive, Geico, Allstate, The General, State Farm, Aaa, Liberty Mutual, Infinity, Aarp, Amica, Metlife, Nationwide, American Express (Rental), Costco, Century 21, Mercury, Esurance, Triple A, Erie, Gmac, Farmers, Usaa, The Hartford, SafeAuto, Travelers, Nerdwallet, Safeco, Auto-Owners, Direct, MetLife.
Since vehicle policies are regulated at the state level, it is recommended that you add the name of your state and city to the search term when searching online for multi vehicle car insurance cheap providers compare the market by state. For your convenient here is a list of US states and biggest cities: Alabama AL, in Alaska AK, in Arizona AZ, in Arkansas AR, in California CA, in Colorado CO, Connecticut CT, Delaware DE, District of Columbia DC, Florida FL, Georgia GA, Hawaii HI, Idaho ID, Illinois IL, Indiana IN, Iowa IA, Kansas KS, Kentucky KY, Louisiana LA, Maine ME, Maryland MD, Massachusetts MA, Michigan MI, Minnesota MN, Mississippi MS, Missouri MO, Montana MT, Nebraska NE, Nevada NV, New Hampshire NH, New Jersey NJ, New Mexico NM, New York NY, North Carolina NC, North Dakota ND, Ohio OH, Oklahoma OK, Oregon OR, Pennsylvania PA, Puerto Rico PR, Rhode Island RI, South Carolina SC, South Dakota SD, Tennessee TN, Texas TX, Utah UT, Vermont VT, Virginia VI, Washington WA, West Virginia WV, Wisconsin WI, Wyoming WY. New York, Los Angeles, Chicago, Houston, Philadelphia, okc, Phoenix, San Antonio, San Diego, Dallas, San Jose, Detroit, Indianapolis, Jacksonville, San Francisco, Columbus, Ohio, Austin, Memphis, Baltimore, Fort Worth, Charlotte, El Paso, Milwaukee, Seattle, Boston, Denver, Louisville- Jefferson County, Washington, Nashville-Davidson, in Las Vegas, Portland, Oklahoma City, Tucson, Albuquerque, Long Beach, Atlanta, Fresno, Sacramento, New Orleans, Cleveland, Kansas City, UK, Virginia Beach, Omaha, Oakland, Miami, Canadian, Canada, Northern Ireland, Australia, Tulsa, Honolulu, Minneapolis, Colorado Springs, Arlington.
So you want to locate cheap insurance quotes in order to lower your premium costs. Here is a strategy that will allow you to do it right. Several weeks before it is time for your insurance renewal start approaching local agents and brokers for quotes, make sure that each quote relates exactly to the same coverage you currently have. This will allow you to compare oranges to oranges. For investors, a new investment tool, binary options trading. What is binary options trading? here’s some details. You could also turn to several online brokers. at the end of this process you will have on your hands two or three cheap insurance quotes that are lower than what you presently pay. Now suppose you like your broker and want to continue working with him but you still want to pay less. What you should do is meet with him prior to renewal, tell him that you were approached by another broker with a cheap quote, that you want to continue working with him but you don’t want to pay more than what is offered on the market. This strategy will, in most cases, when you are looking for low cost full coverage insurance, result in lowering your premium cost and getting really cheap insurance.
However, there are more moves you can take in order to get cheap insurance costs. First, you need to understand how insurance companies work, its all about risk management, the lower their risks the lower the premium. Thus you can lower your costs by lowering the risks. Let’s say for example that you own a business and want to lower your premium. You could Install a sprinkler system, smoke and fire alarms thus lowering fire risks. You could Keep only a small amount of cash in the cash register thus lowering robbery loss. You could Make sure your employees have good driving records thus lowering accidents loss. And so on, you got the picture. Once you do all of these, approach your broker and ask him to lower your premium based on reduced risks. In most cases he will agree to your request. Getting cheap Insurance can be a real money saver and it is well worth it.
Multi Vehicle Car Insurance Video
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