The Simplest Way to Get Affordable Car Insurance

December 6, 2017 · Posted in General Articles on Car Insurance 

It is almost everywhere that you can hear about car insurance companies offering packages that they consider affordable. Something that either you or me can’t afford to pass up. A deal that is so good that it will blow the socks off the competitors. But the thing is after a while almost all of the car insurance companies start to sound the same. They always throw around the word affordable but in reality what is affordable to one person might not be affordable to another person. By definition using the word affordable in the context of car insurance is a bit misleading. In this article we will look at what “affordable” really means and what is the best way to get it.

People would normally automatically think that affordable means cheap. This is not the case with car insurance. The fact is that any car insurance policy can be made cheap. The price of a car insurance policy is heavily determined by the amount of coverage that is requested. If you ask for a low coverage policy then you can certainly expect it to be cheap. This is because car insurance companies charge their premiums based on the depth and wideness of their product’s coverage. If you have low coverage then the car insurance companies have to charge you less. It is simply how the system works. This “law” even extends to large established companies who you would think would provide very costly car insurance products.

The affordability of car insurance should actually be measured in how efficient the policy is to your needs. An efficient policy is one which covers you very well while still being cheap. On the flipside if you have an insurance policy that only covers you sparingly but is very expensive then you have a policy that isn’t efficient. In almost all cases, there is no benefit to having a insurance policy that is inefficient. Any insuree should strive to have their insurance policy as efficient as possible so they can save ultimately save money. Below we will look at one of the most important points that is often forgotten in chasing a policy that is efficient thus affordable.

One of the best ways to make a car insurance policy efficient to you is to customize it to your needs. This might be a “why didn’t I think of that moment” for you but most people don’t even realize that it is something that they could and should be doing. Most insurance companies will develop car insurance that can cater for the widest profile of what car insurance protection customers might need. This means that almost every coverage protection is included “just to be sure”. This is particularly true for comprehensive plans which really do cover every angle possible. The problem with covering all angles in an insurance policy is that some of the coverage items simply don’t relate to you at all. With a normal uncustomized policy, you are very likely paying for coverage items that simply won’t happen to you at all. A perfect example would be flood protection for your car when you live in a desert or in the mountains. There really is no point in accepting an insurance policy that isn’t customized to your needs.

This is by far one of the most overlooked ways to get your insurance policy more affordable but is also one of the most effective ways to bring down costs. The problem is that most people are accustomed to getting a standardized “comprehensive” plan and would not think twice about customizing insurance plans to meet their needs. Insurance companies know this and most will almost always push you the way of a standardized plan knowing full well that you will be wasting money on coverage items that you don’t need. It is only when you insist that you want to trim some of the excess off the policy and that their competitors allow it will they allow you to do so and get back to you with a quote that has been modified to suit your needs.

Another misnomer that is commonly passed off as “normal” in the car insurance industry is the use of the word “comprehensive”. It is basically a marker for the car insurance companies to dump whatever coverage they think they can sell to end users together and push it off to you the insuree. The best way to approach it is to get comprehensive quote from car insurance providers then work yourself back to get an affordable policy that is properly suited to your needs only. Don’t let car insurance companies tell you that your coverage is lopsided or not thorough enough. You will need to determine which coverage items apply to you and only you will know how suitable or thorough the policy is for your own needs.

There are definitely other things that you can do to push the cost of your car insurance down however the course we have described above is by far the least used. When done properly it can also reduce the price of your premium quite substantially. The thing is, many people are simply not aware that they have the right to pick and choose which coverage items they want. Most are under the impression that they have to buy specific products that have been prepackaged by the insurance companies. This simply isn’t the case; almost all insurance companies are able to customize car insurance products to make them more affordable for you.

 

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