Money Saving Tips.
Little Rock car insurance can be a confusing and time consuming
headache. But you can use our 10 step guide to help you navigate your
way through the confusion. And you might even save big money doing it!
Top Ten Money
Saving Car Insurance Tips.
We hope these tips for buying Little Rock car insurance will
help you save some time and even better, some money!
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.
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
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.
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.
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.
- 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
- Payment due dates and other company
policies concerning payments.
- Applicable discounts.
- 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.
- Ask about
Insurance companies give discounts for all sorts of things. From good
student to senior citizen. You won't know if you don't ask.
- Choose a
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
- 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.
- Review the
policy before you sign. There are two clauses you need to
look for that could cause problems later on.
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.
- 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
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