These Tactics Will Help You Get Cheap Car Insurance
Want to save money on your car insurance? We have you covered! Heres our guide to getting the cheapest car insurance without sacrificing coverage.
Shop around. Dont just settle for your current insurers rate; compare car insurance quotes from multiple companies. Online comparison sites make it easy to quickly get and compare quotes. Insurers use different criteria to determine rates, so shopping around may pay off.
Dont buy more coverage than you need. Dont just opt for the highest coverage. Think about how much you can afford to pay out of pocket if you ever do have to make a claim. Maybe all you need is the minimum liability coverage required by law in your state?
Think about your deductible. The deductible is the amount you have to pay out of pocket when you make a claim. The higher your deductible, the lower your premiums. Dont choose a too-high deductible, though if youre unable to pay, your claim will be denied.
Check for jack-of-all-trades discounts. Insurers may offer discounts if you purchase more than one type of policy from them, such as car insurance plus homeowners insurance. Combining multiple policies with one insurer can get you a better deal overall.
Take advantage of safety and anti-theft features. Having safety features such as airbags, anti-lock brakes, and anti-theft devices can get you discounts. Anti-theft devices, including alarms and immobilizers, provide extra protection and may be enough to get you more affordable rates.
Drive a safe, low-risk car. Insurers consider the safety record of the car you drive and its overall value when determining rates; to get cheaper premiums, you may want to consider driving a car that is not considered a high-risk vehicle.
Maintain an excellent driving record. If youve had more than a couple of minor violations, youre likely to be seen as a risky driver, and this may increase your premiums. Drive safe, obey traffic laws, and keep your record clean; it pays well!
Expansion on the Topic
Take advantage of safety features. If a car has built-in safety features like seatbelts, airbags, and anti-lock brakes, it can get you discounted rates. Ask your insurer if it offers safety feature discounts and research more about these features to determine if theyll get you a better deal.
Ask about low-mileage discounts. As a driver who takes fewer trips, you may be eligible for discounts. Even a small discount can save you money on your car insurance premiums. Inquire with your insurer about low-mileage discounts and ask how you can take advantage of them.
Multi-car discount. Insuring multiple vehicles under one policy may earn you a multi-car discount. This can apply even if you and your family members have different cars. Contact your insurer and find out if you can get a lower rate by insuring multiple cars.
Good student discount. If youre a student with good grades, you may be eligible for a discount. Most insurers offer discounts to full-time students who maintain good grades. Inquire with your insurer if it offers any discounts for good students.
Loyalty discounts. If youve been with your insurer for a while, you may get a loyalty discount. This can apply even if youve changed insurers in the past, provided that you were with your last insurer for a certain amount of time. Contact your insurer to find out how long you must stay loyal in order to get the discount.
Pay in full. Insurance carriers offer discounts for customers who pay their premiums in full rather than in installments. Though this may seem like a large amount upfront, you can save a lot by taking advantage of these discounts. Contact your insurer to find out if it offers a pay in full discount.
Pay your bills on time. Some insurers offer discounts to customers who pay their bills on time. Taking advantage of this discount can help you get cheaper rates. Contact your insurer to find out if it offers any discounts for paying bills on time.
Look for discounts you may qualify for. There could be discounts which you may be eligible for but you dont know about. Check with your insurer and ask about all the discounts it offers. Who knows, you may qualify for a discount you didnt even know existed!
Bundling discounts. Insuring your home and car together can get you major discounts. Contact your insurer and find out if you qualify for a bundling discount. This can significantly reduce your premiums if youve been meaning to purchase homeowners insurance anyway.
Pay attention to your credit rating. Your credit score can have a major impact on your car insurance premiums. To get the lowest rates, check your credit report for any errors and make sure to pay your bills on time.
Compare rates annually. Prices can change significantly, so comparing your rates every year can help you find the cheapest policy for you. You may be able to get a better deal and lower your premium significantly by doing some research.
Consider flexible payments plans. If you cant afford to pay your premiums in full, consider signing up for a flexible payment plan. These plans often come with interest-free payments, so you dont have to worry about extra costs. Check with your insurer to find out if it offers payment plans.
Look for accident forgiveness. Accident forgiveness programs waive the surcharge assessed after an at-fault accident. Contact your insurer to find out if it offers this benefit; it can help to offset your increased rates after an accident.
Ask about usage-based insurance. Some insurers offer discounts for drivers who use usage-based insurance. This type of insurance tracks your driving habits and rewards safe drivers with lower rates. Check with your insurer to find out if it offers usage-based insurance and what discounts are available.
Increase the deductible. Raising the deductible, the amount you are willing to pay out of pocket if you file a claim, can lower your premium. Remember the golden rule, however, if you cant afford to pay the deductible when the time comes, its not worth it.
Inquire about military discounts. Many insurance companies offer discounts to members of the military. Check with your insurer to find out if you qualify and ask how you can take advantage of the discount.
Take a defensive driving or driver improvement course. Drivers who successfully complete a defensive driving or driver improvement course may be eligible for discounts. Check with your insurer to find out if it offers any discounts for defensive driving or driver improvement courses.
Invest in a vehicle tracking device. Vehicle tracking devices allow your insurer to monitor your driving habits and offer you discounts based on your safe driving. Check with your insurer to find out if it offers discounts for vehicle tracking devices.
Pay your insurance altogether. Paying your insurance altogether instead of monthly can come with some serious savings. Ask your insurer to see if it offers any discounts for paying your car insurance in one lump sum.
Set up automatic payments. When you set up automatic payments, your insurer may offer you discounts. Automated payments make sure you never miss any deadlines, and can help you keep track of your policy more easily. Check your insurer to find out if it offers any discounts for setting up automated payments.
Review your coverage periodically. Its important to review your coverage frequently to make sure youre getting the best rates. Check with your insurer to make sure you have the coverage you need; if you no longer need certain coverage, you may be able to get a lower rate.