Car Insurance Tips
1. Shop Around for your Car Insurance
Obivously the car insurance rate will vary depending on who you ask. Make sure you spend the time to get at least 3 car insurance quotes. We have made this easier for you by allowing you to fill out one form and receive 3-5 car insurance quotes within 24 hours.
Remember, don't just shop around for your auto insurance based on price alone. Check with your state insurance department's to see if other consumers have filed any complaints against that particular car insurance company. Make sure you deal with a insurance agent that takes the time and effort to make sure you understand the whole coverage and any questions you have. Friends and relatives can also suggest quality car insurance companies.
2. Compare Car Insurance Costs Before Buying a Car
While you are in the market for a new or used car, be sure to check with your insurance company to see how much each type of cars will cost. The car insurance premiums consist of the car's actual sticker price, costs for repairs and parts, safety record and how high up it is on the list of most stolen cars. Most car insurers will offer discounts for cars that have features that cut back on injuries and theft. Examples include daytime running lights and any anti-theft devices such as lo-jack.
3. Get a Higher Deductibles
A deductible is the amount you have to pay before your car insurance policy is applied. Having a higher deductible will substantially lower your car insurance policy. Most deductibles are around $500. If you are comfortable enough with raising it to $1,000, you can save even more money.
4. Reducing Car Insurance Coverage on Older Cars
If you have an older car that isn't worth too much, think about lowering the collision or comprehensive coverages to reduce how much you pay. Most experts agree that if your car is worth no more than ten times the insurance premium, then paying for the comprehensive coverage may not be worth it.
5. Multiple Insurance Coverage from the Same Insurer
A lot of insurers will give you discounts if you buy more than one types of insurance from them. Sometimes you may even be able to get a break on your car insurance by insuring more than one vehicle with the same car insurance company. Bottom line, just make sure you shop around because you will find one insurer to give you a discount on a multiple policy purchase.
6. Keep a Good Credit Record
Sometimes insurers uses your credit history to help price a car insurance policy. Try to pay your bills on time and cut back on signing up for too many free credit card offers. Be sure to check your free credit report and free credit score to make sure there are no errors and mistakes on your record.
7. Avoid Speeding Tickets
Speeding tickets can raise your car insurance rates by up to 25% or more depending on how bad the speeding ticket is. Just keep that in mind when you are zooming along the highway.
8. Good Student Discount
For you teenagers and young people out that, take advantage of good student discounts if you have at least a 3.0 GPA or higher.