Car insurance Research Proposal Example | Topics and Well Written Essays - 2750 words

Car insurance - Research Proposal Example Many purchasers simply sign on the bottom line without asking many questions or reading the policy. Let’s face it, insurance policies aren’t compelling reading material. They even make an attorney’s eyes glaze over. There are simple steps to take, however, to avoid being scammed. Most insurance scams begin by offering rates that seem ‘too good to be true.’ Guess what, they usually are. These low rates then suddenly jump up to higher than average sums a month or two into the policy’s duration. The insurance company blames some type of human or computer error and doesn’t honor the original quote. To lessen the chance of being scammed, confirm that the company is licensed by the state, as required by law. Ask questions about the coverage and obtain a copy of the policy. If the agent cannot sufficiently answer basic concerns, move on to the next company. Ask companies about their competitors, inquire to friends and neighbors regarding their insurance companies, never sign blank forms or pay in cash, many more people than you’d think are scammed after paying cash (â€Å"Insurance Scams† 2006). Choosing the best insurance company to fit the individual’s specific needs can be difficult and confusing. From national companies such as Allstate, Farmers, Geico, etc, to locally owned insurers, the choices are many but there are guidelines that help making an educated decision. Each state has a department that oversees insurance companies. If there are questions regarding licensing or if a person has issues with their insurance carrier, this state agency should be contacted for assistance. Prices vary widely among different insurance companies. Shopping around takes little time and can save a person hundreds of dollars a year. Phoning different companies and researching prices on the internet is well worth the time spent. Experts suggest getting at least three quotes before deciding. Most state’s insurance