Secrets to Saving Money on Auto Insurance
By Mike Mahoney
()
About this ebook
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!
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.
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Book preview
Secrets to Saving Money on Auto Insurance - Mike Mahoney
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
This ebook is licensed for your personal enjoyment only. This ebook may not be re-sold or given away to other people. If you would like to share this book with another person, please purchase an additional copy for each recipient. If you’re reading this book and did not purchase it, or it was not purchased for your use only, then please return to Smashwords.com and purchase your own copy. Thank you for respecting the hard work of this author.
The 20 Minute University
The 20 Minute University was created based on the idea that many people need practical, useful information but don’t necessarily want to know every detail or spend days reading a manual or text book. With that in mind, our authors address a topic directly, succinctly and aim to write an ebook that the average reader can finish in 20 to 30 minutes. The goal is to enable to reader, at the completion of the ebook, to address the subject competently.
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