6 Surprising Ways to Get Cheap Car Insurance
Tired of paying too much for your car insurance? You don’t have to! There are a handful of surprising tips to help you dramatically reduce your insurance premiums. Here are 6 of the most effective and surprisingly simple ways to get cheap car insurance.
1. Shop around. The most important tip for finding economical car insurance is to shop around. Don’t settle for the first quote you getseek multiple quotes from different providers and compare their prices, coverage, and offerings. That simple act can drastically reduce your rates.
2. Consider raising your deductible. Increasing the cost of the deductible you pay before your insurance kicks in can result in major savings. The higher your deductible, the lower your premium rates will be. Just make sure you have enough savings to cover the cost of your deductible should the need arise.
3. Pick the right coverage. Don’t think you need comprehensive and collision coverage? You may not! Consider what type of car you haveif it’s an older model, look into dropping comprehensive and collision coverage altogether. This will reduce your rates and save you money.
4. Don’t pay for extras. Unnecessary services, such as towing coverage, roadside assistance, rental car coverage, and other add-ons, can all add up quickly. Weigh the cost of the extra services against the amount of times you are likely to require them. If the cost is likely to outweigh your potential need for these services, dont pay for them.
5. Bundle your policy. Does your insurance provider offer bundled policies, such as auto-home or life and health? Bundling your policies can save you a lot of money in the long run. Shop around to see which provider offers you the best deal when bundling your policies.
6. Drive carefully. Insurance premiums are also determined by your driving record. So, in addition to comparison shopping, maintaining a good driving record can also save you some major bucks. Follow traffic rules, avoid getting tickets or having accidents, and demonstrate safe and smart driving practices.
Next, there are certain life events that can have a direct impact on car insurance costs. Getting a new job may or may not qualify you for discounts. Some providers will knock off some bucks if you tell them you moved closer to your workplacesince the fewer miles you travel daily makes you less of an accident risk. Additionally, insurance companies may give reductions if you and the other driver listed on the policy for two or more cars.
Furthermore, many companies offer discounts for loyalty. If you’ve had the same car insurance company for five years or more, you might be able to save a bit of money for remaining a customer. Some companies may even give discounts for being enrolled in an auto club. Joining a club for a nominal fee can entitle you to savings on car insurance in the long run.
Aside from that, it also pays to check the type of car you drive when you are shopping for car insurance. Insurance for luxury cars could costs more than the same coverage for a family car. Sporting cars usually cost more too. Check and see how different models compare in price, and try to find a more economical car that will offer the same safety.
It is also a good idea to check with different providers on the requirements for using petrol or diesel cars. Some companies may offer discounts if you choose to use petrol. Also, check if a certain mileage counts for discounts. Companies may give discounts if you stay under a certain mileage per year; getting a carpool to work is great way to do that.
Finally, consider paying your car insurance up-front. Paying annual premiums can lead to discounts which can save you a good amount of money. That said, don’t break the bank when trying to save some cash. Before taking any steps to lower your car insurance rates, make sure it won’t cause more harm than good in the long run.