You might be pondering the question: “What is the best and most affordable car insurance out there?” Well, you’re in the right place, because this article will provide you with all the advice you need to find the best possible deal at the lowest price. Here are four things to consider before buying car insurance.
1. Do Your Due Diligence
There are more than 100 auto insurance companies in Canada with which to do business. But the only way to determine whether you’re getting the best deal is to comparison shop different providers. There are plenty of online tools to help you with this. Alternatively, you can enlist the services of a broker to do some of the hard work for you.
2. Understand Your Needs
Before committing to a new insurance policy, consider what you really need. This puts you in a better position to see whether the auto insurers on your list fulfill your requirements. Due to numerous options from which to choose and an increasingly competitive marketplace, more and more companies are trying to differentiate themselves by offering customers a variety of extras, including:
- 24-hour claims service
- First accident forgiveness
- Disappearing deductibles
- Claim service guarantees
These are just a few of many examples, but you get the idea. With that in mind, take some time to consider what type of policy and coverage is best suited to you before making a decision.
3. Know There’s No Such Thing as Too Many Questions
As you go about your research, remember that insurers aren’t obligated to quote you their lowest price. So, don’t be afraid to inquire about different deals and discounts in order to land the best possible deal.
You should also ask about the cancellation rules associated with their policy, which will vary depending on both the provider and the coverage you’ve elected. It’s imperative you understand these cancellation rules. Otherwise, a small collision or a couple of speeding tickets could result in your insurer dropping you from their policy.
4. Check Whether Your Policy Covers Third-Party Liability
Third-party liability covers any damages caused (or related) to another driver or vehicle. In the most severe cases, this could include the death or maiming of a person involved in an accident. It can also extend to property damage, too.
Due to the gravity of these kinds of scenarios covered by third-party insurance, it’s essential your auto insurance provider covers you in these situations. Otherwise, if someone sues you for property damage or injury, you could be left in a precarious financial situation.
Ready to Purchase Auto Insurance That Offers Good Value?
Hopefully, having read this article, you’re now in a better position to start researching and finding the best possible auto insurance coverage that meets your needs.
Look for reasonable rates, fast quotes and long-term experience in the industry, as well as a friendly customer care team that is more than happy to answer all your questions and find the best policy containing all the extras you desire.
CRD Auto Industry Insider may contain helpful and on-topic partner content that auto enthusiasts and car shoppers find valuable.