When shopping for car insurance, you need to see what type of coverage you are actually getting. If you want to compare car insurance companies, you have to make sure that you are comparing like policies. Some policies are liability-only, while others offer liability, collision and comprehensive coverage. Liability coverage space for the damage that you inflict on other drivers, cars and personal property.
Collision coverage provides you with protection against damage to your own vehicle. If you are in a wreck, the insurance company will pay to repair your car or replace it, based on the value of your car before the crash. If your policy has comprehensive coverage, this covers any damage to your vehicle that is not caused by a crash. For example, if a rock hits your windshield, this is the portion of the policy that would help with replacement.
In addition to making sure that the features of the policy are the same, you should also compare coverage limits. For instance, when you get liability coverage, it can come with many different limits. Most policies have limits on how much they will pay for damage to personal property and how much will be paid for other people’s medical bills. If you’re comparing one policy with a $100,000 medical bill limit to a policy with a $300,000 limit, you’re not really getting a true comparison.
When shopping around for auto insurance policy quotes, you may also want to consider bundling it with other types of insurance coverage. For example, if you have a homeowner’s insurance policy and a life policy, you may want to get your car insurance from the same company. When you can bundle insurance policies together with the same insurance company, you often get multi-line discounts. If you have multiple cars that you can insure, this could also help you save some money. Look for a reputable company that you can work with for all of your insurance needs and it has the potential to make your life easier.