Car Insurance Karma
Car/Auto Insurance Karma
The Insurance Karma Marketplace offers a choice of providers of all major insurance types. The marketplace offers insurance carriers who will serve you directly with online insurance quotes; referral services that may help you get multiple insurance quotes; and insurance agencies that usually have a selection of insurance companies.
Auto Insurance is required on all passenger cars in the U.S. Many insurance carriers are licensed on a state by state basis. We show you the insurance companies that offer service and are licensed to do business in your state. We also offer a list of providers for motorcycle insurance.
AUTOMOBILE INSURANCE TIPS
EXAMPLES OF DISCOUNTS, DEVIATIONS, AND CREDITS
You may want to ask your agent or company if you are eligible for any discounts. Following are some examples of discounts being offered:
You agree to an Electronic Funds Transfer.
You are renewing your policy and did not have a loss or conviction during the last policy period.
You are considered a mature driver (normally age 55, but ages for eligibility can vary by company).
Another way you can lower your premium is by increasing your deductibles. You can choose the deductibles on your comprehensive and collision coverages. In doing this you will want to consider how much of a loss you can afford to absorb if you have a claim.
SHOP AROUND (COMPARISON SHOPPING)
Shop around, you may find substantial differences between quotes. Make sure you are comparing identical coverages when comparing companies. Make sure you are dealing with licensed agents and companies.
CREDIT BASED INSURANCE SCORING
Most insurers use the information in your credit report to calculate a credit based insurance score. They do this because studies show a correlation between this score and the likelihood of filing a claim. Credit-based insurance scores are different from other credit scores.
PAYING YOUR PREMIUM
Pay your premium in full. Also, pay on or before the due date to avoid the risk of cancellation. There is NO GRACE PERIOD for automobile insurance.
Use a check or money order. If you use cash, request a receipt, and keep it in a safe place.
Pay your premiums even if you disagree with your insurance company. Failure to make premium payments may cause cancellation of your policy.
Some consumers choose to finance their premium, often by using a premium finance company.
When dealing with a premium finance company you should note the following.
You are entering into a separate agreement with the finance company.
Your insurance company is not lending you the money.
The finance charges and fees associated with the loan will increase your total cost of insurance.