Here’s a riddle for you: It’s out there for your cars, trucks, motorcycles, and even motor homes. They have it for your doctor visits, your little football player’s broken arm, and your handyman husband’s fall off the ladder. You can get it for theft, fires, and falling trees. It’s not always required, but it’s always good for peace of mind. What is it?
It’s insurance, and it’s everywhere, as are the insurance companies that sell it. Before you start searching for various insurance policies, though, you should consider this advice about choosing an insurance company:
1. Decide what kind of insurance you’re looking for. Health? Life? Car? Homeowner’s? Any combination of the above? If you choose the latter option, you need to begin your search for an insurance company by looking for one that specializes in more than just one kind of insurance. Since most insurance companies offer discounts when you purchase more than one insurance policy from them, purchasing two or more policies from the same insurance company can help you save money.
2. Do your homework. Shop around and check out several different insurance companies. Then, narrow that group to the three or four that best suit your needs. Once you have those chosen, research each company by checking out ratings from independent research companies as well as your state’s insurance bureau.
3. In the end, choose a company that’s going to allow you some wiggle room. Many insurance companies allow you a window of time in which you can cancel your policy, no strings attached. This window allows you a bit more time to read over what you’ve purchased, and think about whether it is really want you want and need.
There are probably as many insurance companies out there as there are used car dealerships, and just like those dealerships, they want your business. Take the above advice and choose the right insurance company for you.