While it’s likely that you know how to get the cheapest insurance coverage, finding the best rates can be hard and time-consuming. Fortunately, you don’t have to worry about this anymore; here are some tips and guidelines on how to get the best rates on car insurance and save money in the process.
Finding the best deals on auto insurance
Great insurance deals don’t just fall out of a tree—they take some legwork. Shop around for a new policy, track your coverage needs as you age or stage of life, consider bundling policies like home and auto together to lower costs even more. And remember: not all insurance companies are created equal. Read customer reviews before you sign up with any insurance agency, or at least call them for details about things like their no-claims discount and recent carrier history. To start comparing now, visit websites like InsureMe or InsuranceHotline to get a free quote from top insurance carriers in your area. Some agents will also offer discounts if you shop through an online quote service; just ask when chatting with prospective agents.
Tips for saving more with lower auto insurance costs
As consumers, we are all concerned with getting a good deal on everything from groceries to cars. When it comes to auto insurance, most people think that shopping around means going from website to website or agency to agency comparing prices. However, there is a better way—one that will not only help you secure great insurance deals but can also potentially cut your premium by more than 50%. This method involves looking for an existing policyholder in your area who already has insurance with an agency you like. You can find those folks pretty easily by simply doing some Internet sleuthing (or asking your friends). Once you’ve found someone whose profile is similar to yours (for example, age and driving history), approach them directly about sharing their current policy at a reduced cost.
Five ways to find cheap auto insurance
- Consider going without comprehensive coverage—Comprehensive insurance protects you against accidents (e.g., your car is damaged or stolen) that aren’t related to a collision, such as fire or falling objects. But these non-collision incidents are far less likely than collisions, according to state insurance departments and industry data, so you may be able to buy only collision coverage and put more money toward paying off your loan faster by not paying for comprehensive coverage. This strategy can also help you qualify for lower car insurance rates since insurers look at how much risk they assume when deciding what to charge for auto insurance policies—the less risk assumed, the lower your premiums will be. 2.
If you have a teen driver in your household
Do you have a teen driver? There are certain insurance tips that can help you save money as they enter into adulthood. In addition, be sure to check out what discounts your state offers through its Department of Motor Vehicles (DMV). To learn more about how to make smart decisions with your auto insurance, here are some tips
Tips for lowering your auto insurance costs after an accident
Insurance companies consider your accident record, as well as several other factors, when determining your insurance rate. If you’ve had a few accidents in a short amount of time or have been in multiple accidents over your lifetime, it’s a good idea to call around and see if you can find better rates elsewhere. Insurance companies base their rates on many different factors. You may be able to switch providers for savings after an accident.