How To Find Cheap Auto Insurance
Most of us are looking for the best auto insurance for the cheapest price. We see commercials, newspaper ads and flyers on how to get the best rates for your cars. But, sifting through all the hype can be daunting and quite confusing. So, how do you make sense of it all, avoid the auto insurance scams, and still find the best rate? Believe it or not, it’s quite simple; All you have to do is “Shop and Compare.” You can find cheap auto insurance with a
Use your computer
Instead of going from office to office & asking each agent how you qualify and what rates you can get, you can jump on your computer and save all of that travel time and hassle. There are many sites that will make you fill out extensive forms and what not. However, there are some great sites that also get you through the process very quickly. Your goal is to get a quote, not a life survey. By shopping online for an auto insurance rate, you can compare rates very quickly to see where you stand.
When you go online to a insurance quote site, you will be asked to answer a few questions. These questions are to help understand your situation and to get you the best insurance quote available from the listed “Class-A” companies.
You can further reduce your rates and find the cheapest auto insurance by:
- Lowering your collision and comprehensive coverage – If you have an older car that you don’t care much for, you may want to drop your comprehensive or collision coverage. If your annual premium for collision and comprehensive is 10% of the cars value, you should lower the coverage.
- Raise your deductible – The more you raise your deductible, the less money you have to pay. This means that instead of paying the first $250 for an accident, you would pay the first $500.
- Add a security device – Many insurance companies give great discounts for installing anti-theft devices and auto alarms. You increase your chances of having your car stay safe and unharmed when you install these items.
- Checking your credit - Credit checks are almost a standard in the car insurance industry these days. In fact, you can have a perfect driving record and still get rates worse that someone with dozens of accidents, all because of a low credit score. If you find that you seem to be paying a lot more for insurance that you expected, chances are your credit is playing a big factor. Increase your credit score and you will lower your insurance rates a lot!
- Combine polices - Often you can combine your home insurance and auto insurance policies. Doing so will give you a combined insurance discount and can lower your rates by several hundred dollars.
As always, ask around to your friends and family to see who likes their coverage and why. Most importantly however, “shop and compare”. Never assume that the first deal you see is the bet you can find. If you want cheap auto insurance, you have to find it.
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Posted in Finance and Insurance, automotive
