6 Tips for First Time Insurance Buyers

If you’re new to buying insurance, it can be an intimidating and confusing process. You might be wondering how to get started and what steps are involved. This guide will walk you through the process of finding a new policy and helping you out with any questions along the way.

Get multiple quotes

When it comes to choosing a new insurance policy, you want to make sure that the right one is chosen. Make sure you get more than one quote before choosing a company. Compare them and see what they are offering in terms of coverage and price points.

Make sure you don’t choose the cheapest option just because it’s local! If a company offers good value for money, then go for it—but if they offer cheap rates but poor coverage options or poor customer service, then pass on those requests instead!

Do your research

An insurance company’s reputation is something that you should be aware of before deciding on which plan to purchase. A good way to do this is by checking out reviews from other customers and reading the financial ratings. If there are many negative reviews about a particular company, it may not be worth buying their product. It’s also important for consumers to look into how long the company has been in business and what type of track record they have had in terms of customer service.

Ask questions

Ask questions. The best way to find out what kind of insurance coverage you need is to ask! You may be able to get a better deal by asking about discounts, or even just getting free quotes from multiple companies.

Look at their website and social media accounts. You should also check out their reviews on sites like Consumer Affairs or Yelp before making your decision. If their ratings are good, then it means they care about providing good service for customers (and therefore deserve your business).

Check out the company’s financial ratings: A company with high ratings has more money in reserve than one with low ones—this means they’re less likely to go under unexpectedly.*

Look at a company’s financial ratings

The financial ratings that you see on a company’s website are very important. These ratings are given by three independent agencies: A.M Best, Moody’s and Standard & Poor’s (S&P). These agencies are not connected to the insurance industry, but they provide a snapshot of how well a company is doing financially.

A rating from one of these agencies can tell you whether or not your premiums will increase over time or if there might be other problems with the company’s health that could affect your policy in the future. If you’re looking at buying an insurance policy for the first time, keep in mind that this information is essential!

Consider adding extra coverage to your policy

It’s usually cheaper than you think, and it can be added after you buy your policy.

Check to see if you’re already covered for certain items, such as car insurance and homeowners’ insurance (and even renters’ insurance—you may not realize that some renters are actually homeowners). If an item is not covered under the standard package of coverage in your home state, call up the company and ask them if they offer additional protection at a reasonable price. They might do so if they know that someone else has been injured using their product or service recently—or even just because they want to make sure that everyone is protected!

The average cost per month varies depending on where people live: $15-$20 per month nationally; $10-$15 per month locally; $10-$20 locally; etcetera, etcetera… This means that adding additional protection could save consumers thousands over time!

Be aware of discount options

Discounts are a great way to save money when shopping for insurance. They’re available for bundling policies, being a good driver and paying your premium on time.

A few options that may be available are:

Bundling policies together – If you have multiple vehicles and want the same coverage in each one, it’s often possible to get discounts by bundling them together into one policy instead of purchasing separate ones. This can also work if you already have an existing policy with another company but they don’t offer much additional coverage beyond what’s already included in their base package of services.

Being an excellent driver – As long as you’re not at fault in any accidents (which would disqualify anyone from being able to claim under this rule), people who drive safely should always be able to get lower rates than those who do not follow traffic laws or do not drive responsibly at all times during the course of their daily commutes or errands around town; especially if those behaviors endanger others on roadways across America every single day!

Ask questions, read reviews, and take advantage of discounts

Ask questions. Before you purchase insurance, ask for a copy of your policy and read over it thoroughly. If a claim is made on your car, ask how much it will cost to repair or replace the vehicle.

Read reviews. Consumers who have used an insurance company before can give insight into whether they would recommend that company to others in need of insurance coverage. If a consumer has had problems with their previous insurer and wants to avoid those same issues again, they may choose another provider instead of going through the process again with another agent at an agency/company office location (like Progressive).


We hope this post has been helpful to you and that you’re now ready to apply for coverage. The best way to find the right policy is by shopping around, asking questions, reading reviews and taking advantage of discounts. A lot goes into making sure you know what you’re buying — but when it comes down to it, all these tips will help make sure there aren’t any surprises at the end of your shopping process!

Leave a Comment