Little Rock Car Insurance
Money Saving Tips.

Top Ten Money Saving Car Insurance Tips.

1. Have adequate coverage, but not more than you need. So how do you know exactly how much that is? It really depends on your personal situation. We'll cover that in the next tip.
   
   
2. Calculate the right amount of coverage for you. 25/50/25 is the minimum required for Little Rock car insurance for liability coverage. What do those numbers mean? The first number 25 means you have $25,000 bodily injury liability coverage for one person. The 50 represents $50,000 of bodily injury coverage for everyone injured. The last 25 is for $25,000 of property damage liability.
   
   So if those are the minimums how much Little Rock car insurance do you need? Most experts agree it depends on how much your assets are worth. The more assets you have, the more liability coverage you need to protect them.
   
   For example, if you have $100,000 in assets that you could lose in a lawsuit, it would be a good idea to have at least that much liability coverage.
   
   When it comes to comprehensive and collision coverage, raising your deductible as high as you are comfortable with can save a lot of money. If your car isn't worth a lot, you might not want to carry this coverage at all.
   
   
3. Check the current status of your driving record. If you have violations that are close to being forgiven, wait until they are to get new quotes from the insurance companies.
   
   Also, if you have insurance now, know what the coverage is and how much you are paying. This makes it easier to compare "apples to apples" when you get competitive quotes.
   
   
4. Get competitive quotes. We like to go online and get at least 3 quotes from different companies. This can take some time, but time spent here could save you several hundred dollars. You can then call companies that don't provide online quotes for a comparison.
   
   
5. Take notes. It's a good idea to keep notes divided into several categories to help keep all your research organized. Here's a list of the categories we recommend for Little Rock car insurance.
   
   
   • Monthly and annual rates for the types of coverage you're interested in.
   • The companies 800 numbers for questions you may have.
   • Payment due dates and other company policies concerning payments.
   • Applicable discounts.
     
   
   
6. Use the phone. Now you can call all the other companies you're interested in getting a quote from. Be sure and ask them to send you a fax or e-mail to confirm the quotes they give you on the phone.
   
   
7. Ask about discounts. Insurance companies give discounts for all sorts of things. From good student to senior citizen. You won't know if you don't ask.
   
   
8. Choose a reliable company. That rock bottom rate quote won't do you much good if the company isn't around when you need them. Here are a few tips for finding a good one.
   
   
   • Check consumer complaint ratios and basic rate comparison surveys with the Arkansas Insurance Department.
     
     
   • Ask local body shops and dealerships for recommendations.
     
     
   • Contact a local insurance agent for more information about the company.
     
     
   • Check the financial strength ratings for the company with
     A.M. Best and Standard and Poor's.
     
     
   • Check J.D. Power and Associates consumer satisfaction surveys for car insurance companies.
     
     
9. Review the policy before you sign. There are two clauses you need to look for that could cause problems later on.
   
   
   • Your right to sue. If you give up this right it could be easier for the insurance company to take advantage of you. It's a lot better to find out now rather than later.
     
     
   • Aftermarket parts. If the policy specifies the use of aftermarket parts for repairs, you may want to reconsider. A newer car can lose more value if it's repaired with aftermarket parts. You might be happier with a more expensive policy that approves the use of original equipment parts for repairs.
     
     
10. Be sure to cancel your old policy. Some companies require cancellations in writing before they consider them to be "officially" canceled. They may try to continue billing you so make sure you know what the insurance company requires for an "official" cancellation.