Selecting auto insurance in Chandler AZ or any other state for that matter can be an overwhelming process. There are literally thousands of companies throughout the United States offering to insure, with various pricing structures and coverage options. The good news is, according to www.fatwallet.com, Chandler Arizona's average auto insurance rate is $1,447, one of the lowest states in the nation. How can you avoid high rates, while ensuring you have adequate auto insurance coverage? Consider the following common mistakes to avoid when shopping for car insurance.
- Buying only the minimum. States require a certain amount of coverage. In an effort to save as much cash as possible, many drivers select the minimum option. However, if an accident occurs, you could be left paying quite a bit out-of-pocket. For example, consider if you purchase liability coverage only that covers $15,000 in damages. What would happen if you hit another vehicle valued at $20,000, totaling it? You would be responsible for the $5,000 your insurance does not cover plus you'd have to pay for the repairs to your own car. Know your policy and make sure you are protected. Often times, a larger policy only costs a few more dollars a month. Save yourself the hassle and financial burden of inadequate coverage.
- Not being honest. It is in your best interest to reveal all accidents or driving infractions up front. Eventually, insurance companies will do their own investigation and find out you were not honest. Your rates will increase because of the previous marks on your record plus now you are considered dishonest and higher risk. It's not worth the gamble.
- Drinking while driving. In addition to the mountain of legal troubles, a DUI on your driving record lasts a very long time and can increase your rates up to 40 percent, if you are able to find coverage at all.
- Not researching discounts. Insurance companies have various ways of providing discounts. Ask about multiple-vehicle rates if you have more than one car. If you have renter's or Chandler AZ homeowner's insurance, ask about a discount for using the same provider. Don't forget to mention all the safety features in your vehicle, such as air bags and anti-lock brakes, as well as anti-theft devices. Many insurance companies offer discounts for alumni from certain universities or members of specific organizations and associations. Additionally, ask about mileage discounts. Insurers offer lower rates for vehicles that are not driven great distances.
- Not saving via payment option. If you can afford it, deep discounts are often provided for drivers who pay for an entire year up front. If paying a lump sum is not financially feasible, ask about discounts for automatic drafts. Most importantly, make sure your payments are on time. A lapse in your coverage may result in an increase in your rate when you try to reinstate it.
While auto insurance provider's rates can vary, at the end of the day the most significant factor in your insurance rate is you. Tarnishing your record, not doing your research or simply choosing the wrong policy can have major financial implications.
If you have questions and would like to speak with any one of our Arizona Insurance Agents we recommend that you try:
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