Every car owner and driver wants to save money on insurance. It is possible to find cheap auto insurance if you know where to look and what actions to take. Following are several of the best tips for finding and getting insurance that will save you money.
In addition to saving money by being a safe driver, you can get additional cost savings by driving a safe vehicle. The Insurance Institute for Highway Safety (IIHS) notifies insurance companies which vehicles are determined to be the safest. By driving one of these safe vehicles, you automatically get lower premiums. In general, you will notice that newer medium-sized cars are on this list. These vehicles have great safety features such as anti-lock brakes and air bags as well as location-tracking equipment like GPS in case of theft.
All major insurance providers offer discounts. Find the insurer that offers the most discounts you are qualified to receive and you can save up to 60% on your premiums. While each insurer offers its own discounts, there are common discounts that nearly all insurance companies offer including a good student discount and a safe driver discount.
Do not buy full coverage if you have an older vehicle. Your insurance company is not likely to pay replacement claims. Instead, you will only get a settlement for the current value of the vehicle which may only be a few thousand dollars. A liability-only policy is recommended for older vehicles. Getting anything more is simply a waste of money.
You can easily get cheap auto insurance if you increase deductibles. Not all coverage has deductibles, but your major coverage like liability, collision, and comprehensive will definitely include deductibles. To benefit from higher deductibles, you need to have sufficient money set aside to pay the deductible if you are involved in an accident or your vehicle is damaged in some other manner. It is recommended you keep the amount of your deductible in a savings account.
Where you live plays a major role in how insurance companies determine how much you pay for insurance. If you live in an area that has a high crime rate, especially related to property crimes, you can expect to pay higher-than-average rates. Parking your car in a garage or other secure enclosure can help you get better rates, but you will still pay more than if you lived in a safer neighborhood.
Comparison shopping remains one of the best ways to find cheap auto insurance. Considering more than one policy from different insurance companies helps you see which one offers the best value for your money. Buying what you believe to be a cheap policy may in fact cost you more in premiums. It is better to spend time shopping around until you find a great deal. Buy cheap auto insurance today!
Discover the facts about cheap auto insurance including the benefits and disadvantages associated with this type of policy so you can make an informed choice when buying coverage.
The age of drivers is a major influence on the amount of premiums drivers pay. Find out how drivers of different ages can get cheap auto insurance even if industry standards dictate otherwise.
Whether you are moving abroad or simply there for vacation or a business trip, knowing how to get cheap auto insurance will help you save money you can spend in other ways.