Whether it is your first time purchasing auto insurance or you are renewing your existing policy it is always best to be a wise consumer and look out for the best auto insurance quote. Learn how to shop around, you want to make sure the company that you invest your hard earned money with is the best for your needs. Have in mind these very important reminders before you sign anything or before it’s too late. Competition is really tight nowadays; companies will grab any amount of investment today and will provide everything on their auto insurance quote. It is best to be educated and well informed before you agree on anything.1. What does the rate consist of? Ask your agent what are the factors that led them to arrive at this amount? Normally, it would be the following: deductibles, the age of your car, your driving history, where you live, your occupation and even your credit score. Check to see if all the answers to these facts are correct. Example: You have a high insurance premiums because your credit score is low.2. Evaluate the coverage they offer: Check them one by one, see if you really need them all. Say for example, the collision coverage is high when you own a ten year old car. These things matter as they will affect your rate and the sad part is you may not need any of those in your coverage.3. Check other companies rates regularly: Get auto insurance quotes not only from your company but from others as well. Auto insurance quotes are fast, free and accessible. This will help you find out if your existing policy is still at par with other companies, since most insurance companies change their rates on an annual basis. This activity will help you compare and discover how much savings you can get versus your existing policy. You can get auto insurance quotes by phone or online. Do this every year and you can stumble upon as much as $500 savings on your insurance policy.4. Be educated and be honest: when filling out a quote request always be honest in answering the questions. The more honest you become the more accurate your auto insurance quote will be. And in the process of doing this educate yourself, read online about various types of insurance and ask your agent questions in the process. Stay in the loop and be as accurate as possible.5. Lastly, take care of your driving history and credit history. Having a good credit standing as well as being a safe driver has it rewards. You can be enjoying a very affordable premium yet still have great coverage.Always keep these five simple things in mind every year, every time you renew your policy. Also it is a good idea to do these same activities your first time getting an auto insurance quote. Most insurance companies will focus on your credit score and your driving history. Cherish these two things as you will enjoy deep savings when it comes time for you to buy auto insurance.
Would you go to the grocer without money and coupons in your pockets? Neither would I. But that’s what most people do when they go to the dealership to purchase a vehicle!Let’s continue to use the grocery store analogy for a moment. You’ve filled your cart, you’re at the check out and your bill comes to a whopping $400 dollars. But, ah ha! You realized that you have coupons that you clipped totaling 25% in savings. That’s $100 off your bill! But here’s the catch. You left the coupons on the kitchen table. Do you think the check out person is going to trust you to go home and bring back the $100 dollars in coupons? You know the answer.So why would anyone go into a dealership to buy a car without their coupons? And we’re not talking $400 dollars. We could be talking about $4,000.00 to $40,000.00 thousand dollars depending on the vehicle. But the reality is that most people put more planning into going to the grocery store!Before you make your next vehicle purchase make sure that you have all your coupons. And by coupons I mean know your interest rate and the amount of months to pay back your loan. Knowing these two things can save you over $4,000.00 on a 48 month auto. Here’s how:Two people go into the same dealership to purchase a $20,000 vehicle using the same buying terms EXCEPT the interest rates are different.Buyer 1 comes in pre-qualified for a 4% rate, puts $1,000 dollars down and has a 48 month payment of $429. She pays a total of $20,592 for a 48 month loan.Buyer 2 comes in submits an application at the dealership, he puts $1,000 dollars down and has a 48 month payment of $528.78. He pays a total of $25,381.44 for a 48 month loan. His interest rate is a whopping 15%! And he paid $4,789.00 dollars more for the exact same vehicle!This happens everyday at dealerships across the nation. Now granted, interest rate is based upon credit. So the person that pays 15% may be getting the best rate based upon his or her credit and other factors. But wouldn’t you like to know that before entering a dealership?All dealerships are in business to make money or they would be quickly out of business. Dealerships also deal with the educated and uneducated consumer. Take a guess on who they make the most money from? So, which consumer do you want to be?So what’s the difference between the educated and the uneducated consumer? Simple, the educated consumer gathers their facts and figures before coming into the dealership. The days of driving from dealership to dealership are quickly fading. Educated consumers are time challenged and looking for convenient – One stop shopping.So how do you become the educated? Get the dealerships to send you quotes by email, compare them and make them an offer. They are in business to sell autos!Here’s the 4 step plan:1.) Submit your online application ONCE and get quotes from 5 different dealers (Convenience).2.) Compare offers from the competing dealerships.3.) Make your offer.4.) Pick up your vehicle!That’s it!