Competition is fierce when it comes to auto insurance quotes.
There are a huge number of auto insurance companies competing for a relatively small pool of drivers.
Since there are only so many ways you can pump up your policy for more attention and a wider customer pool, insurers try to offer their clientele the best deals at the best prices.
The question is, when you're buying auto insurance, what, exactly, are you paying for? You know you want someone who's going to write checks for insurance claims when the time comes.
Insurance companies don't stay in business by spending more money than they make in a year though, which means they need to find a way to balance the amount of money they pay out in claims with the money they pull in through premiums.
There's only so low a company's auto insurance quotes can go before they go bankrupt, so they balance it out by adding extra value for their customers.
For example, many insurance policies come with emergency roadside assistance and towing services.
You may have the option of additional medical coverage to pay your medical bills if you're in an accident.
These additional perks are nice to have, boosting your security when you're behind the wheel and giving your insurer an excuse to raise your insurance rates.
Before you go crazy and sign up for every perk you can possibly include in your auto insurance quotes, take the time to make sure you don't already have them! There are a number of outside services that offer emergency roadside assistance and free or discounted towing.
It may even be a part of your current cell phone plan! Your own personal medical insurance will take care of your bills after you've been in an accident, so the additional coverage is really just overkill.
You're throwing your money away somewhere.
The question is, where? Chances are, you don't need to add all those perks onto your policy.
Your checkbook will thank you when you don't! Other Ways to Save Money on Your Auto Insurance Quotes Taking the perks out of the picture isn't the only way to save money on your auto insurance quotes.
Why not give some of these handy-dandy money saving tips a try? · Shop around.
The first company you get quotes from may not be giving you the best deal on the market.
· Clean up your driving record.
Unless you have a forgiveness clause in your insurance policy, even a single fender bender can send your rates soaring.
· Boost your credit score.
Drivers with a high credit score are considered to be more responsible behind the wheel and therefore eligible for better insurance rates.
· Visit the Highway Loss Data Institute and see where your car ranks on their Top Ten Most Wanted list when it comes to makes and models that are least likely to be involved in an accident.
These cars are cheaper to insure, because statistics say they're less likely to be involved in an accident.
Let the numbers work for you to save you money on your auto insurance quotes.