It is amazing how people are willing to put forth tremendous effort to find the best price on a car, shop for the cheapest interest rate for their financing — and then give very little thought to finding the best price for car insurance!
Doesn’t it make sense to spend some time comparing prices and coverages before purchasing auto insurance? Believe it or not, not all companies charge the same prices — not even for the identical coverages. Spend some time looking around and you will find there are a number of deals out there.
Here are a few suggestions that will help you get the best deal when you are shopping for car insurance for your vehicle.
Get the best deals. The first step in locating the best deals for Rhode Island car insurance coverage is to approach multiple agencies, provide each of them with the exact same details, and then ask for quotes.
Ask about discounted rates. Make sure you inquire about the discounts each company is sure to offer. You may be surprised at the number of different ways you can save money; there are discounts for veterans, senior citizens, good driving records, being a good student, owning a home, etc. In short, there are all sorts of various discounts available based on a variety of personal circumstances.
Take extra security and safety measures. Many Rhode Island car insurance companies also offer additional discounts when certain safety equipment is installed. Things like anti-lock brakes and multiple air bags may reduce premiums substantially. Make sure your agent understands you want every available discount. It is easy to overlook something that may save you hundreds of dollars over the life of your policy.
Understand your own needs. How old is the car you are insuring? What is it worth? Does it make sense to pay an extra $40 or $50 a month for collision insurance that has a $500.00 deductible if the car is only worth $2,000 or $3,000? This is something you must decide for yourself. Keep in mind, however, it is not unusual to have your premium go up 30% or 40% when you add collision and comprehensive coverage.
According to Insure.com, Rhode Island is in the top 10 most expensive places in the States to get car insurance. The site conducted a study, that did a state-by-state comparison of the average annual car insurance premiums, which ranked Rhode Island #8 (out of 51) with an average of $1,656.
Choosing the right deductible is important. This is the amount you must pay out of your own pocket before your insurance company pays out a dime. The lower the deductible, the higher the premium.
There is no question that when shopping for insurance in Rhode Island or any other state, it pays to do your homework. Make sure you are getting the best price for the most coverage.