Cheap Car Insurance – 7 Tips To Reduce Your Car Insurance Costs.


 Cheap Car Insurance – 7 Tips To Reduce Your Car Insurance Costs.

More people than ever in the United States are driving, and more cars are on the road. All this translates to higher insurance rates for drivers. If you’re looking to slash your rates, you’ve come to the right place. This blog post will give some tips to help lower your car insurance costs — as well as some tips not to trust when it comes this type of coverage.

1) Shopping around for car insurance is one of the best ways to find a better rate. Just because you have an agent or are happily insured by a certain company doesn’t mean there aren’t other options out there. Many sites offer tools to help you comparison-shop rates by ZIP code, age, marital status and number of cars. Allstate and Esurance are among them. The basic idea is that you may be paying more for your insurance than someone with similar driving history and profile.

2) You can also cut your rates by bundling home or renters insurance with your auto coverage — and the same site can help you do that, too. The idea is the same: Compare quotes so you get the most bang for your buck.

3) Pay your premiums in full and on time. If you have the cash and are able to do so, opt for the accelerated payment plan, which is typically 10 percent less than if you pay monthly. You’ll also avoid finance charges and late fees.

4) If you’re in an accident or have a moving violation that appears on your record, expect to see your rates rise — even if there was no damage or injuries involved. But certainly consider it when looking to get a lower rate: Buying more collision coverage will reduce the amount of your deductible (and premium).

5) Consider dropping collision and comprehensive coverage if you don’t have much of a car payment or if you keep your car longer than five years. You can then use that cash toward your deductible, which reduces the amount of the auto insurance you buy. The more you pay toward collision or comprehensive coverage, the lower your deductible will be.

6) Your driving record is important, but it’s not the only thing you should be paying attention to. Your credit report is a factor in determining your premium as well — especially if you apply for an installment agreement to pay your bill each month. Credit repair is a great solution if the damage is there, but don’t wait to deal with credit issues until they become a problem.

7) Don’t believe your agent when he or she tells you to buy more liability coverage than you really need. It makes sense that adding more coverage will lower your premiums, but only up to a point. If you live in an area with higher accident rates, it can be difficult to get lower rates and have enough coverage for all the extra accident costs. But bear in mind that it may not be necessary — and may cost more money.

The tips above will help you cut your auto insurance rates, and there are a few more to avoid. Don’t trust the guy at the gas station who tells you to replace your windshield wipers for a lower rate (it’s not true), or that you can get half off your coverage by switching to a different company (the truth is that rates are based on individual factors). And don’t trust someone who promises to lower your rate by telling them about an accident or moving violation. Those only get into the underwriting part of your application, and they’re not going to be able to change or have an effect on your rate.

Cheap Auto Insurance – 7 Tips To Reduce Your Car Insurance Costs

What a great blog post! Just a few tips above that you can apply in order to get lower car insurance rates. I've seen people who have tried these tips claim that cheap car insurance is possible and within their reach because they found some companies that offer much lower rates than other companies.

Well, yes and no. The main reason is that these “cheap company” only offers lower/higher limits for both collision as well as comprehensive coverages. Well, that's actually the good thing. The bad thing about it is that even if you have an auto insurance company who offers lower limits, what happens when you need to get your car towed? Or when you need to fix your broken windshield? Or worst of all, what happens if your car was totaled and all that waiting for payouts will be a complete waste of time?

Insurance is all about covering risks. Nobody really wants to be covered by an insurance policy but the main reason why people go for one is because no matter what they say, there are still those unexpected situations where you will need the help of an insurance agent.

I'm not really sure if there are other true car insurance companies out there that offers low rates so I just have to go with my very own research. But looking at my experience and analyzing the results, I think it's safe to gift your eyes on the results and hope that you enjoy what you see.

Before going into the details, please bear with me and read these points first:

1. Never apply for insurance online unless you're 100% sure about the amount of your auto premium insurance rates because most online auto insurance quotes are no longer accurate as it is being constantly modified by your driving profile. It will only be accurate up until you have a name change, drivers license number change or address change.

Conclusion: Go directly to the agent and find out how much you need to pay monthly/annually. If you ask me though, going online and doing your own research is a good idea. In fact, it's even a better idea. You can do a thorough research on companies you want to apply for without even having to go out of your home.

2. Always make sure your agent knows that you are not willing to settle unless he or she can get you the lowest possible car insurance rates in town!


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