Secrets to Saving Money on Auto Insurance

By Mike Mahoney

After nearly 30 years in the insurance business, the author has found that most people don't find the best value on auto insurance for two reasons. The first is that they don't really understand the product and the second is that they don't know how to shop.
The product can appear complicated because it contains a variety of basic coverages like liability, medical payments, comprehensive coverage and more. It's not enough to know what these coverages are - and most people don't - but you must also understand how much of each coverage you need. Additionally, there are options offered by every company. Some of these options are valuable and others are "feel good" options which sound nice but don't really add up to a good value.
Shopping is the second component and many people are intimidated by the multitude of insurance outlets available today. Consequently, they don't know how to take advantage of these markets in an efficient, systematic manner.
This book takes the reader step by step through these challenges and succinctly shows how to determine exactly what coverage you really need and then how to find the best price. Once the readers has finished this relatively short book, they will not only be able to save money when buying auto insurance, they will also know more about the process than most consumers and even some insurance agents!

• Language: English
• Publisher: Mike Mahoney
• Release date: Apr 30, 2011
• ISBN: 9781458090799

Mike Mahoney

Mike Mahoney currently lives in the Northwestern US.. He has a varied background and has worked in the newspaper, broadcast and insurance industries. He is currently working on a novel which will be available on Smashwords as soon as it is finished.

Book preview

SECRETS TO SAVING MONEY ON AUTO INSURANCEBy

Mike Mahoney

http://the-insurance-geek.com/

Secrets to Saving Money on Auto Insurance

ISBN 978-1-4580-9079-9

Copyright © 2017 by Mike Mahoney

Originally Published April, 2011, Revised March, 2017

Cover Photo © iStockphoto.com/Nikada

Smashwords Edition, License Notes

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The 20 Minute University

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TABLE OF CONTENTS

INTRODUCTION

1. AUTO INSURANCE BASICS

Why Does It Cost So Much?

Keep ‘Em Honest

How Do Agents Make Their Money?

2. WHO DO I BUY FROM?

The Inexperienced Agent

The Agent With Minimal Resources

The Agent Without Adequate Time

Why Do I Need an Agent?

3. SOME THINGS YOU JUST HAVE TO LIVE WITH

What About Those, Um, Tickets?

Who Cares if My Credit is Bad?

4. IT’S NOT THAT CONFUSING

What Coverage Do I Really Need?

Liability Coverage

Uninsured/Underinsured Motorist

Medical Payments and PIP

Coverage for Damage to Your Car

How About the Collision Deductible?

5. WHAT ABOUT THOSE OPTIONS

Towing and/or Emergency Road Service (ERS)

GAP and Replacement Cost Coverage

Rental Car Reimbursement

ADD (Accidental Death & Dismemberment)

6. A FEW FINAL ITEMS

What About Those Discounts?

Free Stuff and Dividends