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8 Quick Steps to Compare Insurance

ic-3Insurance experts recommend that consumers obtain quotes from a handful of companies before agreeing to any insurance policy whether it’s for homeowners, auto, life insurance or even health care coverage. Follow these 8 quick steps to compare insurance coverages to avoid problems in the future.

Once you’ve got a good understanding of the differences on each and every policy then it’s time to decide which policy gives you the best coverage for your money.

Once you’ve really gotten a good understanding of each and every policy then it’s time to make a decision on which company and what coverage to select.

1- Get as many as five (5) insurance quotes from various insurance companies.

2- Find out everything you can about the underwriter of each insurance company. The reputation of the underwriter will tell you many things about the stability of the insurance provider and will help you to insure that a company you select will pay a claim if you ever have to make one because of a loss or damage.

3- When filling out the online quotation form for any company, take note of the questions they ask and compare them. The number of variables and the information that they are acquiring from you will make it easier and faster to provide you with a quote. The more variables the better because that means the company is devoted to providing you the best coverage at the lowest possible price.

4- Determine each company’s customer service access. Compare the levels of customer service they offer, including accessibility. Call their offices to see if they are open 24/7? Or just during business hours? You might even try to call them and pretend to be a policyholder. See if their customer service staff is rude or helpful. Take note of your experience because it serves as a sneak peak of what you will experience when you might need their help in case of a claim.

5- The formula — Every premium rate begins with a formula. It is your right to know how the insurance company arrived at the rate they are presenting to you. Compare all the factors they have considered to arrive at this rate.

6. Ask about promos. For example accident forgiveness, long time driver discounts and homeowners insurance coverage history without any claims often helps to reduce insurance rates. Higher education levels also help to reduce rates, including some advanced degrees in science and engineering.

7. Circumstances. Compare how your insurance company will deal with changes in your life, when you suddenly get married, when you have children, when you buy a new home or a new car and when you past milestones like your 50th birthday. Compare how they would go about these circumstances in your life.

8- Utilize independent insurance websites like WiseInsuranceQuotes.com. They are fast, free and easy to use to gain valuable insight on insurance issues to save money. But remember when you’re comparing quotes from various insurance companies take the time to be meticulous and careful with the detailed differences between policies before agreeing to any policy for coverage.