The Don'ts of Buying Auto Insurance

Getting a good deal on a high quality, or low quality for that matter, auto insurance policy isn't ever quite a piece of cake. While comparing free auto insurance quotes online seems like a whole wedding cake in comparison to the conventional method, you still want to be as mistake free as possible throughout the whole process of actually securing your auto insurance.

Below are some of the most common and disastrous mistakes you can make when getting auto insurance. Learn how to avoid them and you'll save lots of money and get better coverage.

Don't settle for the first offer

People always start high when they are negotiating. It is a bargaining process, so bring your gameface and be prepared to walk away from an offer that does not work for you. You do not need to settle for less than what you came for at an exorbitant price. Be able to quote other figures that you have been offered, especially from online quotes, and you will be well armed for this battle. The more quotes, the more armor. Be thorough when checking the quotes.

Getting a low deductible or excess

This really is a huge mistake, because you will likely pay way over the top in your monthly rate as a result. Pay as high a deductible as you can afford because it will save you money in the long run.

Having multiple insurers for different properties

Many people go with the lowest rate for everything: one insurance provider for their car, another for their house, a separate one for their boat, etc. In reality, it usually works out that if you went with one company, you can save a lot of money. Not only are they willing to give you better rates on everything, you can make sure you don't get a bunch of policies with unnecessary overlap, and most of those hidden fees that end up costing about $1000 every year will be reduced to a minimum. Look for a company that will provide everything for a discount.

Not researching the provider; taking them at their word

Don't just jump at a deal because of the low cost and supposedly high coverage. Many of these companies are known to shirk their payouts for your claims and give you a really hard time. Check their payment records to make sure you don't get stiffed.

Being Over-covered

Only pay for what you need. Many people have good medical insurance, so they really don't need their medical covered by their auto insurance.

Saving Money on a Car

Many luxury cars will make you pay more since they are stolen more often and represent larger payments that your insurer will have to make in an accident. However, if a vehicle has a good safety rating, it can save you money in the long run to cough up the dough for that vehicle initially. This doesn't need to cost too much either. Subaru make some of the safest vehicles for cheap.