(PRWEB) October 25, 2012
Most drivers are wondering if they’re getting a good deal on their car insurance. Shopping around and comparing car insurance quotes can provide some insight, but there’s a little more to uncovering the real value of a car insurance policy than simply looking at premiums. Getting the most out of a car insurance policy while keeping the premium reasonable is the real challenge for most insurance shoppers. InsuranceHotline.com gives value in car insurance a closer look.
Value and the Right Coverage
Nobody will argue that a better rate is really not that much better if it means giving up needed coverage. While trying to keep the costs of a car insurance policy down, many people lose track of the coverage they need and want from the policy. “You’re paying for car insurance not just because it’s the law, but because it is there to protect you” reminds Tammy Ezer of ComparaSave.com.
Getting value out of a car insurance policy means getting the best price on the right combination of coverage and service from a company that is trustworthy and reputable. Knowing what the right coverage is often proves to be the challenge.
Choosing Coverage Wisely
Not every driver needs every coverage option. Some drivers are paying for a coverage they don’t really need, while others are not carrying something they could really use. It depends on the driving habits and other factors individual to each driver.
A driver who travels a lot for business – or pleasure – and often rents cars would find a great deal of value in purchasing rental car coverage on their car insurance policy. For those who never find themselves driving a rental car, this coverage is a good place to cut costs.
Weigh the cost of adding optional coverage to the policy against the potential cost of not having it when it is needed. Take comprehensive coverage for example: that could mean not getting any compensation in the event of the car being stolen and not recovered. For most people, this coverage is well worth paying for.
Cutting Costs While Keeping Value
There are a number of ways to keep the cost of car insurance down while still making the policy a good value. Raising the deductible is one simple way to lower the premium while still carrying all of the coverage that makes sure the policy protects fully from the unexpected.
Removing those coverage options that are not likely to be used can save some money, but often things like looking for discounts, raising deductibles, and of course shopping around for insurance quotes result in greater savings. Most drivers will find that looking for a better rate with the same coverage is the best way to keep costs under control and get real value from their policy.
ComparaSave.com is a digital marketplace dedicated to helping Canadians save money by providing the lowest insurance and mortgage rates, as well as credit card and holiday comparisons, from a network of over 40 providers. Launched by Insurance Hotline, ComparaSave.com has partnered with insurance companies and brokers, mortgage professionals, credit unions and other financial institutions to ensure consumers get a fast, free and easy-to-use service. ComparaSave.com is a division of Insurance Hotline which is owned by Torstar Corporation, one of Canada’s leading media companies with business including the Toronto Star (Canada’s largest daily newspaper), Metro (Canada’s largest free daily newspaper), Metroland Media Group (publishers of over 100 community and daily newspapers), and Harlequin Enterprises, a leading global publisher of women’s fiction.