How To Get Car Insurance Cheaper

Shop Around for the Best Quotes

The single best way to get cheaper car insurance is to shop around and compare as many quotes as possible. Different insurance companies target different types of drivers, so you may find that one company offers a cheaper rate than another. Also, don’t forget to check with any relevant associations you may be a part of. Many of them offer discounts to members on car insurance.

When you’re shopping for the best car insurance quotes, make sure you’re comparing the same type of coverage by each company you look at. Different companies offer different coverage levels, so you need to make sure you’re getting the same coverage when you compare quotes.

Raise Your Deductible

Raising your deductible is another way to get cheaper car insurance. A deductible is the amount you’ll have to pay out of pocket if you have to file a claim, so raising the deductible means you’ll have to pay a larger amount before the insurance company kicks in and pays the rest. Because you’re taking on more of the risk yourself, the insurance company will lower your rate.

Of course, you need to make sure you can afford the higher deductible if you do end up having to make a claim. Also, keep in mind that not all types of coverage allow you to raise your deductible. Collision coverage, for example, typically doesn’t offer the option.

Look for Discounts

Insurance companies offer all sorts of discounts, so make sure you ask about them when you’re shopping for car insurance. Some of the most common discounts include a good driver discount, a good student discount, a multi-car discount, and a discount if you bundle your home and auto policies.

Other discounts that you may be eligible for include discounts for safety features on your car, for taking a defensive driving course, for belonging to certain organizations, or for driving an electric car. Be sure to ask about all the discounts that may apply to you.

Pay Your Premiums in Full

When you’re purchasing car insurance, you’ll have the option of paying your premiums in full or in installments. Paying in full is the cheaper option, as you’ll usually save around 5% off the cost of your policy by doing so. It may be a bit of a financial strain to pay your premiums all in one go, but it can be a good way to save on car insurance if you can manage it.

Buy Only What You Need

Finally, make sure you’re only buying the coverage you need. If you drive an older car, for example, you may not need collision coverage. On the other hand, if you’re leasing a new car, you may need extra coverage. Many states require a minimum amount of liability insurance, but if you don’t need additional coverage, don’t buy it.

By shopping around, raising your deductible, looking for discounts, paying your premiums in full, and buying only the coverage you need, you can get cheaper car insurance. Just make sure you’re still getting the coverage you need to stay safe on the road.