Let’s be honest for a moment and agree in unison that we all love to save money when it comes to car insurance. However, oftentimes, because of wanting to do this we end up settling for a less than adequate coverage. So how do we tackle this problem?
In this article, we will be discussing how you can save on car insurance but without trading it for quality coverage. Let’s get started.
Consider the Cost of Car Insurance Costs Beforehand
One of the most rookie moves when it comes to saving money on car insurance is to not consider the cost of the insurance before buying the car. You should never be making this mistake, as auto insurance premiums vary a lot depending on a car’s specific characteristics. This could include the car’s price, average repair costs, and so on.
Try To Combine All Insurance Policies With One Carrier Only
You will often notice that many insurance companies are offering multi-policy discounts. This is a great way to save on your car insurance. However, first, do your homework properly and figure out if getting all your insurance policies will help you save more money or getting them separately from multiple carriers will do so.
Compare Offerings of Many Different Car Insurance Companies
You must not skip this step because the rates of different car insurance companies vary widely. Therefore, it will benefit you to shop around first when it comes to selecting an insurer. As a general thumb rule, always make sure to obtain car insurance quotes and information from at least three different companies. Also, a great helpful resource when it comes to this, is your state’s Department of Insurance. They typically offer the information you need such as rate comparisons, customer ratings, and complaint ratios along with contact information for a variety of major insurance carriers.
You Can Always Choose to Drive Less to Save More
This is a really simple rule. The more you end up driving, the higher the likelihood increases of you having an accident or emergency. This is why you will find that insurance companies often offer low mileage discounts for people who do not drive very often. You can enquire more about this with different carriers and find out if you qualify for it.
Drive Safer to Save More
This is another great option if you want to save more money on your next car insurance. People who happen to possess a squeaky clean driving record, or people who haven’t had any major accidents or violations related to moving for a certain number of years, can stand to qualify for safe-driver discounts.
Try to Increase Your Deductible
If you increase your deductible then you will probably have to pay a lot more out of your pocket. However, just by increasing your deductible by just a couple of hundred dollars, you will quite easily stand to save anywhere from 15% to 40% or more in a collision and comprehensive coverage costs.
