If you’re in the market for a new policy or a making a switch to another insurer, here are a few tips that can help you make the best choice for you.
1. Have an idea of what kind of coverage you want. Comprehensive coverage isn’t for everyone and, depending on the amount of driving you do and the value of your car, you may be able to get by with liability insurance.
2. Consider your deductible. “The first $1,000 you put on your deductible is the hardest,” says Robert Passmore, director of personal lines for the Property Casualty Insurers Association of America. Think about how much of a loss you can absorb on your own. If the deductible seems as if it could be out of reach for you, go for something more inline with your budget.
3. Know the laws in your state. You can find a MetLife or Nationwide office almost anywhere, but insurance requirements differ from one state to another. Look for information online. For example, Pennsylvania residents can contact the Pennsylvania Insurance Department. Those living in Washington state can get in touch with the Washington Department of Insurance.
—For the best offers on homeowners, health and auto insurance, visit our Insurance Center at BankingMyWay.com.