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Cheap Car Insurance
By William Murphy | August 15, 2008
Do you feel that you are paying too much for your car insurance? You aren’t alone. Many drivers end up paying more than they should, partly because of the confusing number of options available and partly because the auto insurance companies are not usually anxious to offer any discounts.
Shopping around and comparing rates is the first step in saving money on your car insurance. Instead of calling around to different companies, getting a quote online is faster and more efficient. It’s very important to get quotes from at least 4 different companies, to ensure you truly are getting the best deal. Normally, you don’t have to wait until your current policy expires to switch companies.
If you want the lowest insurance premiums possible, you need to be a safe driver. Insurance companies reward the drivers with safe driving records with lower rates. Even if you have had an accident or moving violation, it pays to ask your insurance company how long you need to go without an incident before you can get a discount. Also, for teens and older drivers, a safe driving course may help lower your rates.
Certain safety features on your car may also qualify you for discounts. You may be able to lower your rates if you have an anti-theft device, airbags, automatic seat belts, or anti-lock brakes.
If possible, use the same insurance company for both your car and homeowners insurance- it’s usually less expensive. And you may also be eligible for a discount if you drive less than a certain number of miles in a year.
Consider increasing your deductible, the amount you pay before the insurance company covers the remainder of the repair costs, in order to reduce your rates. It’s possible to save 15% to 30% on your comprehensive and collision premiums by raising your deductible from $100 to $500.
The deductible make a big difference with an older car. Many times it doesn’t make sense to get collision and comprehensive coverage if your car is worth less than a couple thousand dollars, and you definitely want a higher deductible in this case. Also, keep in mind that SUV’s and sports cars generally have much higher premiums - when you’re in the market to buy a car.
Car insurance is a necessary evil. However, by doing a little research you can save a lot of money.
Topics: Insurance |
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