Information Is Power: How To Educate You On Auto Insurance Issues

They say information is power, and nowhere is this saying more appropriate than the auto insurance industry. Without relevant information, you can miss out on discounts, fail to understand your policy's terms and conditions, and even fail to detect fraud. Here are four great sources of information for learning more about auto insurance:

Your Insurer

If you already have auto insurance, then your insurer should be one of the primary sources of your research. Ask as many questions as possible, because you might not get the information otherwise. Don't forget that any information you receive from your insurer may be specific to its policies. However, your insurer can furnish you with essential information such as explanations for the exclusions on your policy, all the discounts to which you are entitled, and how non-fault accidents (accidents for which you aren't at fault) affect your premiums.

The National Association of Insurance Commissioners

The National Association of Insurance Commissioners (NAIC) is responsible for setting standards for and regulating state insurance agencies. The NAIC also have a website that includes a Consumer Information Source (CIS) for motorists. You can use the CIS pages for information such as how to file complaints against insurers and how to report suspected fraud.

Consumer Reports

Consumer Reports is a nonprofit organization that provides consumers with trusted knowledge to help them make informed decisions. They do this by performing market research to produce evidence-based product and service tests and ratings. The organization produces free information as well as information that's only available to paid subscribers, but the free information is valuable too. The Consumer Reports page can provide you with different information, such as:

  • Car insurance buying guides
  • Reviews of car insurance companies
  • Tips for inexpensive auto insurance premiums

Independent Insurance Agent

Lastly, you can also consult an independent insurance agent who deals with multiple insurance companies. Licensed independent agents are experts with the right education and experience in insurance issues. In addition to furnishing you with information on auto insurance from different carriers, an agent can also help you match your needs to the available offers. This is important because auto insurance policies rarely offer a one-fit solution for everybody. For example, an excellent package for your buddy who lives with four other family members may not be ideal for you even if you also have the same number of people in your household because your ages may differ.

For more information, contact local professionals like Central Florida Insurance Agency of Town 'N' Country.