HOW TO BUY CAR INSURANCE – A CONSUMER GUIDE
Finding the right insurance company for you involves finding one who will offer you a
good price as well as treat you fairly when you need to file a claim. It is usually easier to
find information about price comparisons than to find out how the company will treat you
when you need them most - after an accident. Fortunately, the internet is a wonderful
source of information for both purposes. If you do not have access to the internet, the
information below should give you a good start.
8 Steps To Buying A Car Insurance Policy
1. Determine how much and what coverage you really need B liability, med pay,
uninsured motorist, collision, towing, car rental.
2. Review your driving record B you can get a copy by writing to the Department of
3. Determine what you currently pay and your coverages are.
4. Solicit comparative bids through the internet (www.greatcoloradorates.com) or by
phone B keep track of the information you obtain.
5. Ask for any discounts you may qualify for B good driver, safety equipment,
multi-policy, limited mileage, good student or away-at-college discounts, etc.
6. Choose the right insurance company. There are several internet sources to
compare companies B www.jdpower.com or the State Division of Insurance
http://www.dora.state.co.us/insurance/ . You should keep in mind that the least
expensive company may not provide the best service when you file a claim. The
two highest rated companies according to J.D. Power & Associates are Amica and
7. Review the policy before you sign. Check the coverages. Does it allow you to
arbitrate claims or insist on using aftermarket car parts?
8. Cancel your old policy.
HOW MUCH INSURANCE DO YOU REALLY NEED?
To find the right auto insurance, start by figuring out the amount of coverage you need.
This varies from state to state. In Colorado, the minimum liability insurance sold is
$25,000 per person; $50,000 per accident. Based upon your own situation, that m