How to Find Cheap Car Insurance

Everyone prefers deals that will save them money, while still getting the most out of the deal. It might sound as a bit obvious, but worth mentioning that you can only get to save more off insurance premiums if you seek to know more about how these policies work.

This being the case, here are a few tips that will not only educate you more about auto insurance, but will also serve as the secrets to finding cheaper car insurance that will guarantee you maximum savings.

Window Shop Online For Best Deals

Basically, most car insurance covers offer more or less similar terms and features, but the major difference exists when it comes to the premiums. These differences can range from tens to hundreds if not thousands of dollars if the math is done right. At the end of the day, you will only save the most if you analytically compare the rates before signing and sealing the deal.

Two Cars X Same Policy = Discounted Premiums

Another important tip is to consider using the same policy if you have more than one car. Covering your cars under a single policy can grant you what is known as multi-line or multi-vehicle discount, so be sure to maximize such discounts when you can.

Auto Insurance X House Cover = Discounted Premiums

Another tip for the secrets to finding cheaper car insurance is to give more business to the provider for discounts. You can also get the multi-line discount if you consider getting your housing insurance from the same provider as your car insurance. These are in most cases offered as incentives that you should utilize for your benefit.

Take Your Deductibles an Inch Higher

Another way to save on car insurance is to increase your deductibles so that you can pay less for your premiums. In other words, premium payments lower with increase in deductibles, repair jobs for instance.

Consider Collision Coverage For An Older Car

Letting go of collision coverage on your car policy can be a good idea when if it has seen it’s better days already. However, there are some essentials to look at here; three to be precise. These include the value of your car, the collision coverage cost, and the deductibles. A good example is where your deductibles were worth $1000 for your 10 year old car worth approximately $1000. Dropping this one may be advisable.

Careful Driving And Keep Your Record Road Clean

If you have been driving for a while, you may have an idea about what a bad driving record does to people. Looking at it from a car insurance perspective, tickets can have an unpleasant impact on your policy and so do accidents in your driving record. These can affect car insurance premiums for up to three and 6 years respectively. Simply put, maintaining a clean driving record and driving carefully is one of the secrets to finding cheaper car insurance.

Get Insurance Friendly Cars

Did you know that the type of vehicle you own will determine the Insurance rates you get? Cars with a higher risk of being involved in an accident or being a target for thieves will cost you more to cover. It is thus imperative that you understand insurance risk ratings for cars before buying a new one, and use that information wisely when selecting your dream model.

Consider Commuting To Work

Auto insurance premiums or rates may depend on how frequent your car is on the road. If you drive to work, the chances of being involved in an accident are higher, at least according to auto insurance. By commuting to work, you get to save off your premiums as you also minimize spending on gas and parking fees.

A Recent Driving Course Gets You A Good Deal

While safe drivers enjoy lower insurance rates, recently certified drivers get the privilege to pay lower in premiums. It’s that simple.

Secure Your Car More Using Anti-theft Devices

Another important among the secrets to finding cheaper car insurance is that a car with high grade security features installed has a lower risk of being stolen. Such features include alarms and anti-theft devices, which can get you discounts on rates depending on your insurance provider. Do the math, and establish if the cost of the security unit is comparable to the amount you will save on your rates and premiums in the long run

Featured Image: Thinkstock/sirastock

Posted on May 5, 2023