Dont Overpay for Car Insurance – Heres How to Get Cheap Auto Insurance
It might feel like paying an arm and a leg for car insurance when you don’t know how to get cheap auto insurance. Worry not, however, as there are steps you can take to get great auto insurance rates without breaking the bank. Here are a few methods to get you started.
Shop around Dont be tempted to register with the first car insurance policy you come across. Spend some time researching insurance companies and the variety of quotes and services they offer. Comparison shopping is your best bet to make sure youre getting the most bang for your buck.
Check Your Deductible Auto insurance premiums, in part, reflect the amount of your deductible. If youre looking to cut back on your payments, raising your deductible (the amount youd have to pay should you need to call on your insurance provider) can help you get a lower rate.
Clean Up Your Driving Record If youve been in a few accidents, you may already be paying through the nose for auto insurance. But, if youve made a point of cleaning up your driving record and avoiding accidents, you could be due for cheaper rates. Talk to your insurer and ask if the improved driving record can be rewarded with a lower rate.
Take Advantage of Discounts Dont forget to ask your insurer if they offer any discounts. Many companies, for instance, lower premiums for experienced drivers, or students with good grades.
Bundle Up A good way to get auto insurance at a great price is to bundle it with other insurance policies, such as your home or renters insurance. Not only are you likely to get a discount, but you wont have to worry about maintaining multiple policies from different companies.
Provide the Details Youll also want to make sure you give a true and honest account of the details of your vehicle. If your insurer does not have a truly accurate picture of your vehicle, it is likely to result in a higher premium.
Increase Your Credit Score While this isnt something that can be done overnight, its something to think about for the long term. As your credit score increases, so should your auto insurance rate.
Going for a Group Policy Most companies offer group policies for organizations like universities or associations. If you belong to any type of group, it’s a wise idea to contact them to see if they are offering any discounts.
Opt for Paying Annually Another good way to save money is to pay your annual auto insurance premium in full, instead of in installments. Doing this will help you avoid any extra costs like paying an installment fee.
Maintain Your Vehicle Always keep your vehicle in good condition. Not only will this make it last longer, but it will also keep your insurance premiums down.
Lower Your Mileage You should also try to reduce your mileage each year. This will ultimately save you some money, as your auto insurance premiums will be based on the amount of miles you drive each year.
Young Driver Considerations If you have a young driver on your policy, there are lots of special considerations that could save you money. Consider taking a defensive driving course as a family and asking for a reduction in the premium on your policy as a result.
Know What You Don’t Need There are also a few optional extras that you may not need. These can be avoided, adding to your insurance savings. If you arent sure what optional extras are included in your policy, check in with your insurer.
Compare Policies Dont forget to compare auto insurance policies from different providers. This will not only help you save money but also give you the chance to get the best overall policy for your needs.
Exploring Higher Deductibles Raising your deductibles is one of the most popular ways to save money on auto insurance. Consider investing in a higher deductible if you have a car that is low value and you are not in an at-fault state.
Look for Special Rates dont forget to look for special rates. For instance, many auto insurers offer discounts for people who have occupations deemed to evoke safety, such as firemen, police officers, and teachers.
Ask for Proof Get your insurer to give you a list of what they give discounts for. Ask for their proof that the discount applies for you. That way, you will be sure that you are getting the discounts that you are entitled to.
Find Out About Discounts Make sure you ask your insurer about any potential discounts they offer. Most providers have a variety of benefits they can offer, such as the Good Driver” discount or the Low Mileage discount.
Opt Out of Accident Forgiveness If you have a clean driving record, you may be eligible to opt out of accident forgiveness. Opting out of accident forgiveness is a good way to save money, as long as you are comfortable with the risk.
Install a Vehicle Security Device Installing a security device, like an alarm or car tracker, into your vehicle may score you a discount with your auto insurance provider. This is because cars with such devices are typically considered less of a risk for theft and vandalism.
Look into Telematics Telematics is an increasingly popular way of getting discounts on auto insurance. Essentially, it monitors your driving habits and gives you feedback on how to maximize your sense of safety and your auto insurance savings.
Consider Lifestyle Factors Take into account any lifestyle factors that could affect your insurance rates. For example, if you have children in the house, you may be eligible for a lower rate than those with no children.
Be Discreet with Your Cars Different cars cost different amounts to insure. If youre looking to save money, make sure youre only driving cars that dont draw unnecessary attention, such as high-performance cars.
Include Both Collision and Comprehensive Coverage Collision and comprehensive coverage are two different kinds of quality auto insurance coverage. Including both of these may help you get an appropriate amount of financial protection in case of an accident.
Check for Service Fees and Taxes Remember to keep an eye out for service fees and taxes that may be included in your auto insurance policy. They could be taking a significant chunk of your payment without you realizing it.
Keep Up With Time Finally, always keep in mind that auto insurance prices change over time. Insurers constantly tweak their policies, so make sure to keep an eye out for any changes. Doing your research and staying up to date with the latest premiums and discounts could save you a lot of money.