Purchasing insurance can seem daunting, but here are some key points to keep in mind
1. Coverage
You should consider what coverage you need to protect your vehicle. Do you need to insure your vehicle for more than the minimum basic auto insurance coverage of $200,000? Do you want any of the additional coverages?
2. Policy Options
Auto insurance companies offer a standard policy and many different coverage options and endorsements. You should make sure the coverage offered meets your insurance needs.
3. Price
Insurance costs can vary from one insurance company to another. Also, some insurance companies offer discounts. The AIRB encourages drivers to shop the market to get the best price for their coverage needs. Use the AIRB Comparative Rate Tool to see the impact of shopping the market.
4. Payment Options
What payment plan options and methods are available? Some options may include full payment, instalment payment, monthly payment plan, credit card payment, and online banking.
5. Customer Service
The service you receive from the broker or agent representing your insurance company and the adjuster you deal with in the event of a claim can also determine your purchase decision. Ask friends and family for referrals to companies with a reputable and friendly customer and claims services.
6. Convenience
Is the insurance company’s location accessible and business hours convenient to you? Can you go online to purchase or change your auto insurance policy?
7. Time savings
Do you prefer to do your business in person or online? Is the one insurance company able to meet all your insurance needs?