How To Tell If Your Car Insurance Is Too High

Insurance industry studies show that almost two out of three drivers pay too much for car insurance. The truth is that a lot people could save a lot of money if they simply took a close look at their insurance. There are a few easy things that you can do right now that will tell you if your car insurance is too high. Better yet, some of these steps can get you a lower premium so you can start saving money right away.



Easy Steps to Tell

• Get quotes from several different insurance companies online. Your insurance company won’t tell you if you’re paying too much. They like getting the check each month. The best way to determine if it is too high is get quotes for comparable coverage on your vehicle from several different insurers. Access quotes on this website online quick and easy. In many cases, you’ll be shocked at the difference.

• How long has it been since you got a new car insurance policy? If it’s been more than two or three years you’re probably paying too much. Most insurers don’t take factors like an improved driving record or your car’s change in value into consideration when they renew coverage. They simply send you a new policy and hope you accept it. A good rule of thumb is to get several quotes for a new policy at least once a year.

• Check to see if your policy matches your current lifestyle. If you got your policy when you drove twice as much as you do now, you might be paying too much.

• Check to see if you’re paying for coverage you never use like rental car coverage. Another is road side assistance in today’s world where break downs are rare and cars are very dependable so many of us can live without it.

• Check to see if you are paying for duplicate services. Are you paying for road side assistance and an auto club membership at the same time?

• Make sure your insurer isn’t charging you more for no reason. If you drive a sports car but you have a good driving record you shouldn’t be paying that much more for car insurance. Unfortunately many people buy the old myth that sports cars cost more to insure. In reality they don’t, but insurers know that many people will accept it. Check to see how much it will cost to insure the same car at another company with your driving record.

• Check to see if you’re paying for coverage that does you no good. An example of that would be collision coverage on a 10-year old Chevy. You probably have no desire to fix it up if it gets wrecked so why are you paying for insurance that will fix repairs on it.

The truth is that most of us could probably reduce car insurance premiums if we would read the policy then compare it to what we really need. Unfortunately, we don’t so we end up paying too much.