Check the Record

When you receive the car insurance supermarket list, you’ll most likely receive quotes from some highly recognized brand name companies. You’ll probably also get quotes from companies you’ve never heard about, like Cheap-R-Us Insurance. Most states have a way to research records on how the different companies respond to their policy holders. Just go to the Google search box and type in your state and the words “insurance commissioner”. That’s a good place to start.  If there have been complaints filed in your state, stay away from companies that don’t have excellent records.

The Devil is in the details

Now that you’ve gotten some car insurance quotes, compare them side by side.  There may be differing deductibles.  Uninsured motorist coverage may vary from policy to policy, depending on state minimums.  Start by laying several car insurance policies side by side and compare them. You may find more questions about car insurance supermarket coverage than you thought possible. What’s not in a quote is often more important than what is. You may have filled out the form completely and still not gotten back the same information, from company to company. Remember, what’s important is often buried in the fine print or not available at all.

Make sure you disclose EVERYTHING!

You remember that “little” speeding ticket you got 2 years ago. Aw heck, the cop said to just pay the “little” fine to him, and you wouldn’t even have to show up in court. You may think, because you didn’t make a court appearance, all is forgiven and forgotten after you paid the fine. This “little” non-disclosure could cost you some big bucks! The car insurance supermarket companies usually hit all law enforcement data bases. Just because your ticket was a “little” misdemeanor, doesn’t mean they won’t find it.  In fact, you better hope they do find it and charge you the correct premium from day one. If the car insurance supermarket company doesn’t, and you have an accident, all bets are off on your coverage. You are guilty of non-disclosure of a material fact and they don’t have to pay off!

Visit with an agent

If, after reading this article, you don’t feel comfortable with your knowledge, maybe the car insurance supermarket concept is not for you.  Your car is usually your second largest investment. A face to face meeting with a car insurance agent may be more appropriate for you  than the brave new world of shopping for car insurance on-line.

Hello World! I got my drivers license yesterday and today… here I come!  Teen drivers are pretty excited to get behind the wheel and establish some independence.  However, many insurance companies don’t share their enthusiasm. Most teen age drivers get hammered on insurance rates. You, as parents can take some steps to bring down those car insurance rates. Here are three money saving tips on cheap car insurance for young people.

Good Grades

Car insurance for young people is driven (no pun) by good grades. Fender benders, traffic tickets and other factors certainly make cheap car insurance for young people more difficult. But, if those items aren’t a factor in your teenager’s case, then maintaining those grades up is the best way to obtain decent rates. I think it’s a mistake to have your teen try to pay for their own car insurance. That means getting a part time job after school. If you make study time mandatory, instead, you’re much better off. Good grades result in better possibilities for college. They help boost your teen’s self esteem. Best of all, the money they save on cheap car insurance for young people  could be put to better use buying high priced gas for your car!

Increase your deductibles.

Let’s face it, if your young driver is studying at home or at the library, chances for an accident decrease. They aren’t out driving around with their friends if they’re at the study table. With this in mind, you can raise the deductible on your car insurance for young drivers with some added confidence. However, if there is an accident, you’re going to have to pay a little higher amount for the repair bill. I had two young drivers on my policy. They were high honor students and never had an accident on my watch! Higher car insurance deductibles saved me quite a bit on cheap car insurance for young people, over the years.

Maintain clean driving records

This should be pretty clear to anyone who pays insurance. Every time your teen gets a ticket, the chance of a raise in premiums rears it’s ugly head. Most states keep a point system, based on the violation. Cheap car insurance for young people is usually tied into police or public record data bases. Depending on the severity of the citation and the length of time between them, rates go up. One or two traffic tickets can mean fair size increases. More than three or a license suspension could mean cancellation, not just of car insurance for young drivers, but also of your family policy.

I hope these tips on cheap car insurance for young people help save you some money and some grief!