Who doesn't want cheap car insurance, but can it actually be found? Fortunately, there are many things you can do to reduce your insurance rates.
Before you start searching for the cheapest policy, remember that sometimes focusing solely on the lowest insurance rates is a mistake. Cutting costs does not make sense if you're also shortchanging needed coverage.
However, with some online research, you should be able to find cheap insurance quotes without sacrificing important coverage amounts. Here are ways to put the odds in your favor:
- Comparison shop
- Put your auto and home insurance together
- Increase your deductible
- You may qualify for discounts – always ask
- Shop for and buy the right type of car
Sometimes, you'll get the best deal with your current car insurance company. But in many other cases, the road to the cheapest car insurance policy will take you elsewhere.
Comparison shopping can help you uncover cheap car insurance companies.
How often should you search for lower premiums?
Experts generally suggest looking around at least once a year.
CheapCarInsuranceQuotesNow.com offers a rate-search tool that can help you find cheap insurance quotes.
When you compare prices online don't forget to add your homeowners insurance to the quote request.
It is common to save over 10% off your premium quote from a so-called multiline discount.
One simple way to reduce your car insurance premium is by raising your deductible from $200 to $500 (or higher if you have an appropriate emergency fund).
This technique can lower your rates by about 20%, according to the Insurance Information Institute.
Remember, though, that a higher deductible means more money out of your pocket in the event of a claim.
So good financial planning means you have an emergency fund of $1000 to $5000 to cover life unexpected accidents.
Do your kids make straight-A's?
Rearing smart kids might qualify you for cheap insurance quotes.
Do you park your car inside a garage?
This reduces your risk of theft and weather damage and your insurer may give you a price break.
When you go online for your quote check all discounts that are available and find out if you qualify for any of them.
When you are in the market for a new car, your choice of automobile type can have a big impact in reducing your insurance rates.
Cars that cost less to repair or replace generally receive lower premiums.
Certain safety features can often get you better quotes. Insurance companies often give discounts for features such as:
- anti-lock brakes
- side air bags
- automatic safety belts
- Anti-theft devices also may help
There are also a few things you should avoid doing that will reduce your car insurance rates.
- Avoid tickets and accidents
- Don't carry unnecessary insurance coverage
- Don't forget to talk to a car insurance agent
A poor driving history can easily disqualify you from getting the cheapest car insurance. Insurers will check your record to see if you present a high level of risk. Speeding tickets, accidents, drunk driving citations – all can drive your insurance rates higher.
Drive sensibly and cautiously and you'll be on the way to cheap car insurance in no time.
If you have an old beater, reduce your car insurance costs by dropping comprehensive and collision coverage. When should you make this move toward cheaper auto insurance? Many experts say it's time to drop these coverages when when the actual cash value you'd receive for your vehicle doesn't justify the insurance expense.
Also, don't pay extra for personal injury protection or medical payment insurance if your family already has a good health insurance plan.
Experts generally recommend you sit down with your agent annually to discuss any changes in your life that might impact your auto rates. For example, your insurer may offer cheaper car insurance if you've dropped your daily commute in favor of working from home.
Has your teen recently flown the nest and landed car-free at a university or college? If so, let your agent know that the teen does not drive your car for the majority of the year.