Are you shopping for new car insurance? Have you checked the rates on your current insurance recently? No matter what your insurance status happens to be, you can benefit from a quick auto insurance quotes comparison. Simply enter your zip code at the top of this page and see what rates you can get. We’ll find you quotes from the top insurance providers in your area so you can pick the absolute cheapest coverage to suit your needs.
Five Additional Ways to Get Cheaper Car Insurance
Of course, a car insurance comparison isn’t the only way you’re able to save money on your car insurance. Here are some other useful tips to get low rates and quality coverage.
1. Pay a Higher Deductible
Car insurance has two major monetary figures. Premiums are the amount you pay each month to maintain your coverage. Deductibles are the amount you pay in the event of an accident. You pay your deductible and then the insurance company will cover the remaining cost of repairing or replacing your vehicle — up to your coverage maximum.
If you want a low deductible, you’re going to end up paying a higher premium. If you prefer a lower monthly premium, you can opt to pay a higher deductible. If you’re in an accident, this might become a financial burden for you, but if you’re a generally safe driver, you can afford to take the risk. Choosing the right balance between premium and deductible is a detailed cost-benefit analysis you need to perform on your own or with the aid if your insurance agent.
2. Avoid Redundant or Unnecessary Coverage
Car insurance often comes with a number of extra coverage options, many of which you might not need. Car insurance has detailed medical and health coverage, but if you already have good health insurance, you don’t need to double up. Instead, lower the option for the mandatory minimum coverage required by your state laws.
Do you rent cars frequently? Chances are you probably don’t. Check your car insurance and see if you’re paying for rental insurance. You can safely cancel that option and purchase temporary rental car insurance from the rental agency themselves — in fact, often your credit card company will cover that additional fee, netting you even more savings.
You should also periodically audit your insurance for who it covers. If you’re specifically paying for a teenager to drive your vehicle, once they turn 20 the company might have a new policy open up. On the other hand, if they move to college and don’t drive, you don’t need to insure them.
If your car is old with an extremely low value, you might consider dropping your collision or comprehensive coverage entirely. After all, if the deductible you have to pay is higher than the value of the car, you’re not going to see a payout from the insurance company in the event of an accident.
3. Pick the Right Car
The make, model and age of the vehicle you own has a lot to do with your insurance premiums. Some older cars are known for having poor safety features, which means they are more expensive to insure. Other vehicles are statistically more likely to be stolen, which also makes them more expensive.
On the other hand, you can pick a car known for having good security and safety options. Driving a safe car that has a low risk of theft is a good way to reduce your insurance premiums. Of course, if you’re looking for ways to reduce the cost of your insurance, chances are buying a new car is out of your price range.
4. Ask for Discounts
Insurance companies often have a number of available discounts if you meet certain criteria. Teenagers with a high GPA who have passed specific drivers education courses will find a good grade discount on their insurance. Drivers with a history of safety might be eligible for discounts. If you don’t drive very much, you might qualify for a low mileage discount. If you spend less time on the road, you’re less at risk of having an accident.
Another good discount most people are eligible for is the multi-policy discount. If you’re already buying car insurance, home insurance, property insurance and health insurance, why not ask each company individually if you can lump them together? Many insurance companies prefer to have you working entirely with them, so they will give you a discount for rolling these policies into one. It makes them more money, takes business away from their competition and saves you on your monthly bills.
5. Compare Insurance Quotes
Yes, this was already mentioned, but it’s worth mentioning again. Many of the other methods have drawbacks. You might not find any valid discounts, your deductible might be as high as you’re willing to pay and your coverage is already at the minimum you need. In these cases, the only way to get cheaper car insurance is to shop around. If you compare car insurance quotes from a number of different companies, you can see if the rates you’re getting are competitive or not. In some cases, especially if you’ve been loyal to one company for several years, you might find that other companies are willing to give you a discount to switch.
When you compare auto insurance rates, you’re simply asking each other local insurance company what they are willing to offer you on your insurance package. Normally, this is a long and time-consuming process. Imagine if you had to call up each insurance company individually, deal with their customer service, pick a package as close to what you want as possible and record all of this information for comparison. Thankfully, this site does all the hard work for you. Simply input your zip code at the top of the screen and see what companies will offer you. We pull quotes from every insurance company in your area, including some you may not realize will cover you. There’s no easier way to ensure you have the cheapest car insurance premiums possible.
What Else You Should Know When Shopping for Car Insurance
Factors That Affect Auto Insurance Rates
When trying to save as much as possible on car insurance, it is very helpful to be aware of which factors are the most important for auto insurance companies when calculating your premium.
Types of Car Insurance
It is vital to have a basic understanding of various types of coverage, when shopping for car insurance. This will help you decide which coverage to get and which you can get by without.
Your Guide to Buying Car Insurance
Get the time-tested and proven car insurance buying tips and tricks.
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