Finding Low-Cost auto insurance has never been easier
Everybody wants their insurance to be trouble-free, quickest, flawless, and of course, low-cost auto insurance is welcome. It also appears deceptively easy for customers to get such insurance products. Companies advertise themselves with all sorts of superlatives they can find. However, the reality in the market is often a different story from what the vast majority of customers have in mind. Not every insurer can afford to deliver the same level of satisfaction policyholders expect (or even surpass it). Some companies are indeed true to their words and in fact quite affordable at the same time. They work for policyholders’ benefits without charging a ridiculous amount of money for the products and services.
Low-Cost Auto insurance Does not always give the highest level of satisfaction
People say the low-cost auto insurance is not always the best option. Yet nobody says that the most expensive one gives the highest level of satisfaction either. A company that asks for the highest price for its coverage does not always give any guarantee for quality; on the other hand, insurers that offer cheapest premiums cannot make sure your money is well-spent. There are various factors, in addition to price, to determine whether an insurance company or specific coverage option is indeed the one you need.
Price: crucial factor ongoing for low-cost auto insurance
Let us not forget that auto insurance is a tough business where companies are in the race to reduce the premium prices to stay competitive in the market. Price remains a crucial factor in the auto insurance industry, but not the only thing that matters. There are many other variables that can help consumers determine insurers’ overall worthiness. So, you better make an educated informed decision based on that.
Options for coverage are as important as their prices
Some companies offer a myriad of coverage types, while others only have a handful of them; some provide both mandatory and optional coverage, and some of low-cost auto insurance companies offer the mandatory coverage options only.
Minimum requirements for compliance
Coverage falls into the “mandatory” category when the state requires it to be one of the minimum requirements for compliance with the law. In most states, mandatory coverage includes only Bodily Injury Liability and Property Damage Liability. Depending on where you live, the state may also require you to purchase Personal Injury Protection and Uninsured/Underinsured Motorist coverage.
Mandatory coverage has a minimum limit as well, for example, $45,000 for bodily injury and $5,000 for property damage. Information about insurance requirements is available at the state’s insurance commissioner’s website. The state only requires you to purchase the mandatory coverage, and you can get this even from the cheapest auto insurance provider but you have every right to add some more protections as you see fit, hence optional coverage.
The One-Size-Fits-All Rule Does not Apply to Auto Insurance
Proper insurance for your neighbors does not mean that it is also perfect for your needs. People drive different cars, cover different distances every day, have different professions, and therefore need different levels of protection. An auto insurance policy includes myriads of little details; it is only right for you if it lists and provides all protections that you need; nothing less and nothing more. As long as it provides the much-needed coverage based on your personal details and financial situations, there is no reason to purchase more protection.
You can get the cheapest auto insurance if you buy only the mandatory coverage
The bad thing is that sometimes the minimum coverage requirements just don’t cut it. Don’t’ cutting the minimum coverage means you must also purchase the optional ones and therefore spend more money. Things get worse when you are a high-risk driver due to previous cases of DUI or other traffic violations such as driving without insurance. A driver can also fall into a high-risk category if the person meets the following criteria:
- Teen driver
- Elderly driver
- Newly licensed driver
- Poor credit history
- At-fault in car accidents which caused severe injuries or death
- Multiple traffic violations
- No record of prior insurance
Get approval for auto insurance from standard auto insurance companies
High-risk drivers also often find it hard to get approval for auto insurance from standard auto insurance companies. The term “standard” indicates the fact that the companies only accept applicants or drivers from both low risk and standard risk categories. In other words, they do not provide auto insurance for high-risk drivers. They may offer low-cost auto insurance in town, but it serves no purpose they deny your applications because you had cases of DUI or multiple fender benders prior to the registration process.
What you can do is to find the cheapest auto insurance for high-risk drivers
Non-standard insurers tend to charge higher than their standard counterparts, but since having a valid insurance policy is a requirement to be considered a legal driver, there is no way around unless you decide not to drive a car anymore. For many people, this is not even an option, and this is what Direct Auto Insurance is for.
Most states require every driver to have auto insurance with at least the minimum coverage requirements. High-risk drivers need to pay a little bit more than the low-risk ones for the same premium. Direct Auto Insurance may not have the cheapest auto insurance coverage in the world, but it helps policyholders to reduce and manage their expenses through flexible payment options and discounts.
Available discounts from Direct auto Insurance Insurance are as follows:
|Defensive Driving Course Discounts||Drivers who have enrolled and passed state-certified defensive driving course are eligible. Average saving is between 5% and 15%|
|Good Driver Discounts||Clean driving records without tickets or any form of traffic violations including accidents allows for eligibility. Average saving is from 10% to 35%|
|Student Driver Discounts||Drivers who are still attending school or college are eligible for saving as long as they keep B average score or above. Saving is up to 20%|
|Homeownership Discounts||Proof of home ownership (such as property tax records) is necessary for eligibility. Average saving is anywhere between 5% and 10%|
|Multi-Vehicle Discounts||Driver with multiple vehicles under the same policy receives a considerable amount of discount from 10% to 25% of the premium.|
|Paid In Full Discounts||Policyholders who pay the premium upfront for the full policy period gets 5% – 10% price reduction. A single policy period is 6 months.|
|Renewal Discounts||Loyal policyholders who renew their policy with the company deserve a discount for every renewal they make. Average saving is 3% – 5%|
People almost always calculate premium price without the discounts, so they disregard the possibility of considerable reduction. With Direct Auto Insurance Company, it is easy to find and get the assistance you need to figure out the actual price to pay after the discounts.
Does low-cost auto insurance mean bad service?
A lot of people think that it is best to avoid the low-cost auto insurance possible because it often means bad service or difficult claim procedure; in other words, you get what you pay for.
Direct Auto Insurance works with a network of reputable providers such as Progressive, Omni Indemnity Company, American Independent Insurance Company, Bankers Independent Insurance Company, Titan Insurance, The General, Infinity Auto Insurance, Omni Insurance Company, and Personal Service Insurance Company.
It means the company can refer you to some of the most reputable providers that guarantee a high level of satisfaction. Direct Auto Insurance also has the license to sell and underwrite insurance policies in all states across the country except Rhode Island, Montana, Massachusetts, Hawaii, Kansas, and Alaska.