You've spent time researching cars to choose the right one for you, one that fits your driving needs and is one you can afford. Now it's time to understand the different types of auto insurance that are available, so you can choose the right policy that fits your budget. And we're here to help.
Learn how auto insurance rates can vary depending not only on your driving record, but where you live, your credit rating and other factors. Understand how to break down a policy, looking at each piece of coverage and deductible. This will help you to decide how to choose auto coverage that's designed for the way you live and drive.
Whether you're curious to know if you're getting the best rate and quality of coverage with your current policy, or if you're shopping for a new car and need a new policy, it's smart to stay informed. This gives you the confidence to know if you're getting the best deal and have the right auto insurance coverage that meets your need.
NetQuote can help you understand auto insurance by suggesting ways to lower cost of your auto insurance and ways to shop for auto insurance.
Choosing Coverage
Why buy auto insurance?
In most states auto insurance is required by law. If you are in an auto accident and you are at fault, you could be legally responsible for bodily injury or property damage caused by that accident. You could be sued and a court could order that your assets be taken to pay the liability claim. Even if you feel you were not at fault, the costs of defending yourself against a legal action could be very high.
Unless you have an accident, you will never see the benefits of auto
insurance. You'll never know if and when you
might be in an accident, how much damage there might be or if the other party
will be insured. To choose what types of coverage you need, please see our auto insurance glossary.
Factors Affecting Your Insurance Premiums
- Age, gender and marital status
- Coverage limits
- Driving Record
- Household members
- Location
- Type of vehicle
- Credit history
Discounts
You can use discounts to reduce your premiums. Be sure to ask about
possible discounts when buying or renewing your auto insurance policy. Not
all companies offer all of the discounts listed here, and some companies may
offer other discounts.
- Anti-theft devices
- Auto/Home packages
- Good Driver
- Good Student
- Low annual mileage
- Multiple vehicles
Shopping for the Best Value
Getting Rate Quotes
When you compare prices among companies, be sure to compare the same coverages. Ask about the types and amounts of discounts offered and whether the rate quote includes discounts. A rate quote from an insurance agent/producer is only an estimate of what you’ll pay for the insurance. For this reason, it’s a good idea to ask for a non-binding application before you switch auto insurance companies. Your new agent can submit the application for you at no charge. The agent can then let you know if the company will insure you and at what price before you decide to cancel your current policy
Learn how easy and convenient shopping for auto insurance can be. Get your free auto insurance quotes today!
