Is Your Car Insurance Quote Too Good to Be True? 4 Ways to Get Reputable, Cheap Car Insurance
Car insurance doesn’t have to cost the earth, and yet it’s also sensible to be aware of the potential for excessively cheap deals to actually be the wrong choice for modern motorists.
If an insurer has bargain basement prices, they might not have the best reputation for serving customers effectively, so the policy could prove to be a waste of money when you go to make a claim.
The good news is that there are some ways to avoid this scenario, such as finding quality car insurance in Toronto, which is also valuable for money. So how can you go about this?
Using car insurance comparison websites
By this point, every driver should get used to the idea of getting cheap car insurance quotes from comparison sites.
There are lots of reasons to use independent comparison tools, rather than going to insurers directly, and the savings available is just the main one.
Another perk is that comparison sites are compelled to only offer quotes from well-regarded providers, or else they’ll likely lose customers and suffer their own reputational damage as a result.
So when retrieving quotes from these services, you can rest safe in the knowledge that the offers you encounter and the policies provided are all of a solid standard.
Asking for personal recommendations
Another excellent way to pinpoint car insurance providers that are reliable and reputable is to ask people you know about their own experiences with the various vendors on the market today.
Personal recommendations are appealing, especially if they come from someone who has actually gone through the process of making a claim with their current insurer after an accident, and found the experience to be relatively painless.
Meanwhile if a friend, colleague or family member tells you to steer clear of a particular provider, this is equally valuable in your search for reputable, cheap car insurance.
Increasing your deductibles
If you’ve found a policy from a trusted provider but you feel that the quote is too high, you don’t always need to settle for a second-best package that is more aligned with your budget.
Instead, you could choose to up the amount of any claim you are liable to pay in order for the most desirable insurer to reduce their quoted premium price.
Increasing deductibles does leave you in a more financially precarious position should you need to make a claim further down the line, but the up-front savings you make could help justify this risk, particularly if you have a good history of driving safely behind the wheel, or you only cover a small number of miles each year.
Switching to a safer vehicle
Car insurance costs are inevitably tied to the type of vehicle you drive, and getting cheaper quotes without altering your personal circumstances is possible if you swap out your current ride for one that’s safer.
Vehicle value is not the be all and end all here; a newer family car will be less expensive on the insurance front than an older, sportier model, for example, even if the former has a higher sticker price.
Safer vehicles also tend to be more practical and versatile, so don’t feel like you have to make sacrifices in order to make savings here.
Final thoughts
If you still can’t decide which insurance quote to pick, and you don’t have a handle on the reputations of different insurers, then a quick online search is also a great way to check up on how they are perceived by customers as well as professional reviewers.
Read more: Tips for Picking the Best Car Insurance Policy
Read more: What Is Comprehensive Car Insurance?
Read more: 6 Financial Decisions To Make on Your Car in 2022
