With so many ways to save big on car insurance premiums, there is no reason why you shouldn’t start today. It will take a little out of your daily schedule, but it will pay off big in the long run.
Start Looking At Other Auto Insurance Companies
Auto insurance prices may differ from company to company, so if you’re looking for cheap car insurances, you should start looking now. I suggest getting quotes from five to seven different places to ensure that you are not paying too much. Here you have some options. You can either contact the companies via telephone directly or by information found on their website. Also, you can find comparison quotes on many state insurance departments’ websites.
Another way to verify that a potential auto insurance company is a valid candidate is to research their financial status. A.M Best, Standard & Poor’s, and consult consumer magazines can help guide you through many companies financial backgrounds.
You can also ask neighbors, family, and friends for their input. You want a company you can trust and sometimes that means paying a little bit more. Some insurance companies are more apt to providing answers to your questions than others. Online consumer complaints are another great resource for trust citation.
Before Buying a New Car
Many people rush into buying the car of their dreams and don’t take the time to find out how much insurance will cost. You can save yourself a lot of grief by first finding how much it will cost to maintain the proper auto insurance with a quick and simple quote.
Raising Your Deductibles
One quick way to lower your premiums is to raise your deductibles. Sometimes you can achieve a fifteen to thirty percent lower premium by increasing your deductibles. You can save even more by going even higher on your deductibles but remember that you are going to have to pay out more in the event of an accident so choose wisely. If you feel you may not be driving as much or you are a safe driver then maybe increasing the deductible isn’t a bad thing. Start a savings account specifically for an accident deductible if you do decide to raise it up a notch.
Ask for Discounts
Sometimes a great car insurance company will offer discounts to help you save. These discounts could be based on good driving, which some companies are tracking with devices that are installed into your car. Others may offer a discount if you apply a secondary type of insurance like motorcycle insurance. You may also achieve a discount for being a loyal customer. One discount that many insurance companies offer to reduce your rates is to partake in a defensive driving course which can help out your driving record.
Re-evaluate Your Cars Value
If you are driving an older car, it may not be beneficial to hold a comprehensive or collision coverage plan. The rule of thumb is that if your care is not worth at least a tenth of what your premium is then it is most likely not logical to hold a comprehensive or collision plan. Kelley’s Blue Book is an excellent and trustworthy site for generating an accurate evaluation of your vehicle’s value.
Keep a Healthy Credit History
There are car insurance companies that review your credit line as a means of establishing your premiums. It is important to keep up with all of your payments and only using credit when needed. This will help you save money across the board.
Make sure to choose an auto insurance that is right for you and don’t rush into it. Good luck and happy hunting!