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Finding a cheap car insurance by yourself is not that easy, especially if you are a new driver, insurance companies will reap you apart. So, luckily below are 15 tips for you to get cheaper car insurance plus there are some of the trusted insurances included here on this page.
Look through each tip before deciding on the company you wanna insure your car with. Very important, insuring your car is the best favor you have to do for yourself, you don’t wanna be caught up in the middle of frustration of loosing your car during unforeseen circumstances called accidents.
1. Comparison Shop
Finding the most affordable car insurance isn’t as hard as it once was. With so many different car insurance agents located all around the country, and some available exclusively online, your options are now more plentiful than ever before. The hard part is sorting them out in order to make sure you are getting the most affordable rates while still maintaining the exact amount of coverage you need.
The first thing you should do when looking for cheap car insurance is comparison shop. Consult your area’s local phone book, call or visit agencies near you, and remember to take notes regarding prices.
Next you’ll want to do some online research to find out your online car insurance options. Again, take notes and compare these to the notes you have concerning local agents.
Finally, ask your friends and family members what insurer they use, and ask for any recommendations or warnings they may have about other agencies. You’re sure to receive an unbiased opinion every time.
2. Age-Based Discounts
Many younger drivers may not realize this, but your age is an important factor in setting the exact price of your auto insurance premium. You’ll typically see premiums lowered once you hit the age of 25, with discounts that can sometimes be as high as 20%, though other factors such as marital status and driving record are also taken into consideration.
The lowest premiums associated with cheap car insurance rates are typically given to drivers between the ages of 25 and 55. This age group is considered to be amongst the safest drivers on the road; certainly safer than teenagers and elderly drivers.
3. Move to a Lower-Crime Area.
The location of your home as well as your daily commute to the workplace is also taken into consideration by insurance agents when determining your car insurance premiums. This is a factor for a number of good reasons.
Individuals who live and park their car in wealthy neighborhoods are statistically less likely to have their car stolen, broken into, or damaged while it is parked overnight. Secondly, those who have shorter commutes to and from work are statistically less likely to be involved in an accident as they spend less time on the road than drivers with longer commutes.
4. Consider Getting a Different Vehicle if Savings Warrant it
Did you know that insurance on a honda can be more expensive than insurance on a Jaguar?
The exact make and specific model of your vehicle is also used to determine how much you pay for cheap car insurance. This information is important to your insurance agent for a number of reasons.
The newer the car, the higher the repair/replacement cost.
On the other hand, some vehicles are simply more reliable than others. A used vehicle that’s been on the road for 20 years is not nearly as reliable as a brand new car. Though it may be more affordable to buy the older, used car, you may wind up paying higher insurance rates because of it.
Owners of sports cars and luxury vehicles can also expect higher premiums than most other drivers.
5. Increasing Your Deductible Can Save You $100’s a Year
A deductible is the amount of money you are actually required to pay out in the event of an accident before your insurer will pay out on your claim. The amount of your deductible is also one of the biggest factors in determining your auto insurance premiums. In fact, the larger this deductible is, the less you’ll have to pay for coverage on a month-to-month basis.
Most drivers don’t realize this, but most agents will actually allow you to raise the deductible amount in order to lower your monthly rates. If you’re looking for cheap car insurance then this is a good deal for you; especially if you have a clean driving record as you may not ever have to actually pay this deductible.
6. Consolidate Your Policies With One Company
If you currently have multiple insurance policies through several different companies then you may be able to consolidate them so you just have to deal with one insurance agent. For example, many individuals have separate policies on their house, their car, and maybe even a boat or recreational vehicle.
Combining all of these separate policies into one, or at least choosing one company to handle all of your policies, can eliminate a number of hassles. It can also lower the amount of money you pay each month for insurance all around.
7. Check For Multiple Vehicle Discounts
Many individuals own multiple cars, and most of these owners keep insurance on all of their vehicles year round. Others may own seasonal cars, show cars, or other vehicles that are only brought out on rare occasions.
If you own multiple vehicles for whatever reason, you can consolidate them all onto one insurance policy when looking for cheap car insurance. The benefits of this include less paper mail being sent to your house as well as a reduction in your insurance premiums each month.
Multiple drivers can also be added to an insurance policy, allowing you to further reduce your auto insurance premiums.
8. Stay Loyal
Loyalty means a lot in any business, and the car insurance business is no different. In fact, many auto insurance companies are now offering reduced premiums as a way of rewarding some of their most loyal customers.
When looking for cheap car insurance, agent loyalty can be your best friend. Once you find an insurance company that offers the amount of coverage you need for the right price, develop a relationship with them.
Loyalty also relates to making your payments on time. Paying your premiums on or before the due date every single month will help you avoid late fees and additional fines or charges.
9. Get Liability Only if Your Car is Older
Most drivers automatically opt for full coverage on their vehicles when in reality, not every one of us needs full coverage. If you’re looking for cheap car insurance, try to find a policy that covers only the areas you need and nothing more.
If you already have full coverage insurance, it’s never too late to ask your agent for a decrease in coverage. Towing fees and rental car fees that are covered by a policy may sound good, but if you have a second car then you might not ever need to use a rental car. Furthermore, some individuals may hold memberships elsewhere that grant them access to reduced towing or automobile service charges.
10. Get Storage Insurance if Your Not Driving a Vehicle Year Round
If your vehicle is used as a seasonal vehicle or a show vehicle you may not require full insurance year round. For vehicles that are put in storage for any amount of time, storage insurance is your best option for cheap car insurance.
Note that this type of insurance is not legal for driving on, though it will pay out in the event your vehicle is damaged during storage. Depending on the exact make and model of the car in question, and depending on the type of damage that has been done, repairing the vehicle without insurance may end up costing you thousands of dollars in out-of-pocket expenses.
11. Improve and Fix your Credit Score
Your credit score affects many different things in your life, not the least of which is your auto insurance rates. If you’re looking for cheap car insurance, one of the best things you can do is clean up your credit score; it may be costing you thousands of dollars annually on your car insurance payments.
Keep your credit score clean by paying bills on time, paying back loans on time, and avoiding maxing out your credit cards. Bounced checks and bank overdrafts can also hurt your credit score, not to mention your pocketbook as well.
12. Clean Your Driving Record
Maintaining a clean driving record is the key to getting dirt cheap car insurance from your agent. Your first accident alone may result in as much as a 40% increase on your monthly premium, so driving carefully while on the roadways really can help keep your auto insurance as affordable as possible.
Most auto insurance companies offer a discount for safe drivers, though the exact definition and criteria of “safe” driving and a “clean” driving record will likely vary from agent to agent and company to company. Remember that agents aren’t likely to bring this discount up on their own, so don’t be afraid to ask them about it as long as you feel you have the clean driving record to back it up.
13. Vehicle Safety Issues
The safety of your vehicle will also be taken into consideration by your agent when you are trying to get cheap car insurance. The technology and features seen in newer vehicles make them far safer than older vehicles, so you can get a start on lowering your premiums either by having updated safety features professionally installed into an outdated vehicle, or simply by purchasing a more recent car.
Things to look for when taking vehicle safety into mind include automatic seatbelts, as this feature almost guarantees that both the driver and passenger will be wearing their belts at all time, and both driver-side and passenger-side airbags.
Airbags in the rear seats of the vehicle can also help to improve the safety rating of your car, thereby lowering your monthly car insurance rates in the process.
14. Get a Security Device
Exactly where you park your car at night is a big factor when calculating your auto insurance premiums, but having advanced vehicle security may also be factored in. If your vehicle is already equipped with a modern, functioning alarm system, mention it to your agent; you may be able to get a reduced premium because of it.
If your vehicle doesn’t already have an alarm and you want cheap car insurance, it may be worthwhile to pick up a brand new system and have it installed. Today’s vehicle alarm systems are not nearly as expensive as they used to be, they are quick and easy to install for anyone with common automotive knowledge, and they can save you a lot of money not only on your car insurance, but in case someone tries to break-in to your vehicle as well.
15. Park Off-Street, or Even in a Garage
While vandalism is more obvious in certain parts of the country, there is no doubt that the trend is on the rise throughout the entire country. Unfortunately, one of the top targets for today’s thieves and vandals include cars that are parked out in the open and left unlocked and unattended. They are the easiest targets to hit, and many drivers have trouble finding cheap car insurance because of it.
If your car is parked in a private garage on your property, however, you are likely to see a sharp decrease in your auto insurance coverage. This is not to say that a garage is a foolproof method of protecting your vehicle or your property, but it can help deter thieves.
Insurance agents know this, and they’re willing to charge you a little bit less if you are able to park in a garage at night. Even a simple carport may help lower your insurance rates; it never hurts to ask.
Have you found this article useful, share it with someone who have a car, they might love it as well.
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