There are new car insurance companies In Los Angeles CA appearing every month, and this is because insurance is a very lucrative market. However, as you can imagine, it is also a very turbulent industry since just as many insurance companies seem to fail as they do start, so where does this leave you? It leaves you in a good position to save some money on your car insurance and here is how you do it.
New Companies Means New Discounts
The fact that so many new companies are sprouting up on a monthly and yearly basis means that there is plenty of space for you to get a better price. Look around for first-time buyer discounts. These are often from companies that are trying to poach customers away from the bigger insurance companies. You can often find a great deal on your first year of insurance. Then, when it comes time to renew, jump ship to another company and take advantage of their discounts. This method may seem like it won’t work over time as you have made your way through every insurance company, but as mentioned earlier, new ones are starting up all the time–so you can’t lose.
Exploit Newer Insurance Systems
The weird thing about having so many insurance companies is that they seem to judge their prospects a little differently. For example, if you put your details into tens of different insurance company websites and get a quote, the same details seem to spawn very different quotes. It is weird, but even if you have had claims in the past or you are a high-risk driver, there are still insurance companies out there that will quote you far below what they should.
Play With The Comparison Websites
Go back and keep tweaking things because some companies take certain elements more seriously than others. For example, you may travel 12,000 miles per year, but try a comparison site with 12K driving, and try it again with 8K driving to see which companies dramatically lower their prices. Fiddling with what you enter into comparison websites in this way will help you figure out what an insurance company thinks it is important and what they don’t. As a result, you can exploit the comparison websites and little. You do not have to be dishonest, but for example, if you can get a far lower quote by claiming you park your car outside rather than down the street, then perhaps a small white lie won’t hurt.
Shop Around For Car Insurance Companies In Los Angeles CA
If you do enough research, you will find the right insurance company for you. There are companies that concentrate on high-end cars, and others on bikes, and other on farm equipment. Each have their own niche. Mona’s Insurance concentrates on middle-to-lower middle income families who are struggling to find a good deal. If you opt for Mona’s Insurance, then you can get a fair price for your car insurance so long as you are not a high-risk driver. If you are sensible and you are just trying to get by on a budget, then Mona’s is the company for you.