Get Cheap Car Insurance Without Sacrificing Coverage
Saving money is always fun... and smart.
But sometimes, it can be challenging. That's particularly true when you're trying to get cheap car insurance for your new or existing vehicle. Without a doubt, the best way to save is to shop around and see who gives you the lowest price. However, there are other ways to trim your insurance costs.
And that's what you'll discover on this page. You'll learn all of the ways to reduce costs when insuring your vehicle. We don't give you a secret formula or slick tricks for lowering your costs. We give you sound, practical advice that has worked for millions of consumers over the years.
But if you're ready to start your search for more affordable car insurance rates now, and would like to skip all of the other tips and strategies on this page, you can do that too.
Here's the firms that can give you cheap car insurance...
- Liberty Mutual - they are our top choice for slashing your vehicle insurance costs.
- AARP - assists those over the age of 50 save the most on their insurance.
- USAA - can help anyone that is in the military or has a family member in the military.
Want a good way to prove whether the companies above can give you the lowest rate?
Here's how to do it.
After you get quotes from the insurers listed above, get another quote or two from other insurers not listed on this page. Compare those 2 extra quotes to the ones from the insurers listed above.
It's that simple. Comparing = Savings.
Now, if you're not quite ready to apply yet and would like to learn the recipe for bringing your costs down, then keep reading. You'll find some real nuggets you can actually use during your search that will help you avoid all the unnecessary charges that companies try to tack on. But first...
Searching for the Cheapest Car Insurance Companies
Before the Internet came along, shopping for cheap auto insurance companies was a slow and time-consuming process.
Insurance shoppers had to go from company to company, making endless telephone calls and answering the same questions again and again. Those drivers then had to wait days for each quote to come in, then spend hours reviewing each quote to find the best value that matched their situation.
These days, shopping for insurance companies with the cheapest rate is a lot easier. Drivers can simply gather all of the pertinent information, then head online in search of the lowest possible rates.
If you are looking for car insurance, the Internet can be your best friend.
Gather your information prior to starting your search.
Of course the value you derive from applying online is only as good as the information you put in, so you do need to spend some time preparing and gathering information about the drivers and vehicles you will be covering. The more detailed the information you can provide, the more accurate your quotes can be.
If you skimp on this important step, you risk dealing with inaccurate quotes down the road. So be as accurate as possible to avoid this scenario.
The good thing is that you only have to spend time gathering this information once.
After you have gathered all the information you need about the drivers in your household and the vehicles you need to insure, you can simply keep that information by your computer and use it to shop whenever you have a few minutes. Taking half an hour to gather this information and keep it handy can save you countless hours of work down the line when applying to car insurance companies.
The best ways to get cheap car insurance...
No doubt, insurance can be very expensive, but there are several ways that you could reduce your insurance expense and still stay compliant with the legal requirements without sacrificing needed coverage. Here's a quick list of these money-saving methods...
- Choose the right coverage
- Pay a higher deductible
- Combine all of your policies together
- Don't get more coverage than you need
- Be a good and smart driver
- Add some security features to your car
Now let's look at these in more detail.
#1 - One of the most effective ways to get the cheapest auto insurer quotes online or anywhere else would be to consider the type and level of coverage that you need and get rid of unnecessary coverage.
Most states require that a driver carry at least a full collision insurance policy. A collision policy will protect the other driver and their car in the event that you are in an accident.
While collision is the only requirement, many people also carry comprehensive coverage.
Comprehensive coverage will provide coverage if your car is stolen, vandalized, or is damaged in an accident with a driver that is not insured. In many cases, carrying comprehensive coverage could more than double your insurance costs.
If you drive an older and inexpensive car, then carrying comprehensive coverage could be a waste of money. However, if you choose to forgo this type of coverage, it would be a good idea to have money set aside to either cover repair bills or for a down payment for your next car.
#2 - The second way to get cheaper car insurance would be to increase your deductible. Your deductible is the amount of money that you will have to pay out of pocket before insurance companies will provide any coverage. Deductibles can range from a few hundred dollars and as high as $2,500.
The higher that the deductible is, the lower that your insurance premiums will be.
In most cases, raising your deductible by just a few hundred dollars could lead to a premium reduction of ten percent or more. While a higher deductible could save money each month, it could lead to a larger cash outlay if you need to file a claim. Because of this, you should keep the amount of your deductible reserved in cash in case you need to file a claim.
#3 - The third way that you could save money on auto insurance would be to combine all of your policies into one. Insurance providers have the ability to combine all of your insurance policies into one global policy. If your family has multiple auto insurance policies, a homeowner's insurance or renter's insurance policy, or any other personal insurance policies, all of these policies could be grouped together.
By doing this, the insurance company is taking on less risk and will be able to provide you a discount off of your premiums to compensate for the reduced risk.
#4 - The fourth way to get cheap car insurance is by getting rid of ancillary types of coverage. Many insurance providers offer roadside assistance, rental car assistance, and other types of coverage to their customers. While these could be beneficial, they do come with some extra fees and could add up to a lot of money over the course of a year. So don't get any extra coverage that you don't really need.
#5 - Another great way to get more affordable auto insurance is to simply be a smart and safe driver. Insurers really care about your experience as a driver. All insurers reward their most careful and conscientious customers. If you've spent years on the road without a single accident or claim, you're eligible for a no-claims discount. It means that insurers consider you a lower risk thanks to your pristine driving record. Try to maintain your clean record for as long as possible.
#6 - Add security measures for even more savings. One of an insurer's biggest worries is theft and security. That's why they're very careful when considering where you park the car, and where you live.
If you use street parking in an area with high crime rates, your insurance rate shoots up. If you keep it in a garage in a safe neighborhood, you'll get a lower rate. For starters, try and use a garage to park your car wherever possible. Next, invest in security gadgets like immobilizers and GPS trackers. It makes theft a much lower risk.
Use all of the tips listed above to maximize savings.
As we've stated earlier, shopping around and negotiating with your insurance company is the top way to get the lowest quotes.
Like most companies and industries, auto insurers have flexibility in the terms and prices that they provide to you.
By requesting cheaper quotes from a few different providers, you will likely find that the rates will vary a little bit.
You could then use the better quotes to haggle down the prices provided by some of the other insurance companies.
Few people are excited about the prospect of having to look for and purchase cheap auto insurance.
But, unless you want to rely exclusively on
public transportation or family members, car insurance is a
necessity. It is a financial tool that helps protect you from large,
unmanageable expenses if you are involved in a motor vehicle accident or
if your car is damaged.
Getting more favorable rates is very well within your reach. You just have to be willing to take the necessary steps. And you need to decide exactly which type of coverage is best for you and your situation.
I hope this guide has assisted in making that decision a little less painless.
In some cases, you might want to enlist a professional insurance
agent to review your budget and financial situation. An experienced
agent can help you get the coverage you need at a price that doesn't
strain your budget. Or you can learn everything you need to know from
this site and all of our numerous guides that cover just about every
topic you need to make the right choice.