Make sure you shop around when you’re in the market for insurance. Don’t just take the first offer. Get several estimates.
See if your state Insurance Commissioner offers a premium calcualtor. This gives you a ballpark figure for policy prices based on information insurance companies provide to the Insurance Commissioner. It lists the prices by company. Don’t just pick the cheapest company. Check their complaint history. You want to make sure you are getting good value for your money and that your policy will be paid without much headache if there is a problem.
Research the company with your state
Check with your state’s Insurance Commissioner to see how the company you want to hire fares with customers. It will list the number of complaints for each company and the complaint ratio based on the number of customers served by that company.
You can also search for complaints and financial history with the National Association of Insurance Commissioners Information Source. For example, Kansas refers you right to the NAIC database.
Figure out the amount you want for your deductible. This can impact the price you’ll pay for your premium. I think a $250 deductible is the safest one, but if money is tight and you’re willing to take that risk you can increase the deductible to save money in the short-term. Just understand it could cost you money in the long-term if you have an accident or need to file a claim.
Rental Car coverage
I think it’s a good idea to add rental coverage to your policy. It won’t cost you that much. I don’t think I’ve ever paid more than $20 for a six month premium. That’s insignificant in comparison to the cost you would pay if you need a rental car. Most rental car companies charge $30 a day, so that coverage pays for itself. There is usually a cap on the rental car. They won’t let you keep it for months, but it’s usually enough to get you through a repair.
Read the policy
Ask for a declarations page before you sign the policy. This will break down all your coverage. Also, check with your state Insurance Commissioner if you need help understand the terms and policy.
Ohio Guide to Automobile Insurance
Kansas Auto Insurance Shoppers Guide