If you own a car, you know how expensive insurance can be. But if you shop smart, you should be able to find auto insurance that costs less than you are paying now.
To find a great rate, you have to shop around. Consumer Reports magazine says that most people – 75 percent – didn’t shop for auto insurance in the previous year. Of those who did, most checked out only one or two companies. That’s likely not going to get you the best deal.
Where to start? The Texas Department of Insurance offers an outstanding tool. Its online
auto insurance Rates & Policies form gives you sample rates based on your age and other characteristics and how you drive. Find sample rates, then contact the insurance companies with the best rates to get a quote. The tool also lists which insurance companies are in the best shape financially, which have had the most customer complaints and other useful information.
Consumer Reports magazine says you can save up to $7,800 over 10 years by shopping. It has published an
auto insurance buying guide that offers tips for cutting the cost of car insurance. Here are highlights:
Always have a copy of your current policy plus records of any at-fault accident claims and moving violations handy. You'll be asked for this information every time you request a quote.
Find more tips from the
Consumer Reports buying guide.