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Tips for Securing Cheap Auto Insurance

Updated: Sep 20, 2020

Since auto insurance is essential for everyone who is on the road, minimizing the cost is a hot topic. Furthermore, with all the expenses of modern life, you don’t want to be paying through the nose for car insurance coverage. Luckily, there are many things you can do to secure and keep an inexpensive auto insurance policy. Here are our top 8 tips:

1. Buy Smart & Safe

Our first tip is something to think about before you buy your next vehicle. When car shopping, think about the cost of insuring that vehicle. More expensive cars will cost more to insure. Cars with more safety features will save you some money. Sports cars will cost more while minivans run you less. Older cars with parts that will be hard to replace can increase your rates. Of course, technological features on new cars can do the same. Think ahead.

2. Compare Quotes

Secondly, one of the best tips that people don’t think about is to use quote-generating websites that make you an informed consumer. Of course, there are a lot of insurance companies out there. In a competitive market, it is their job to win your business. Compare coverage, features, and prices. A good tip is even to leverage one quote against another. Find out what a company is willing to do for you.

3. Insure More, Pay Less

Another of our tips is to think outside the box when it comes to auto insurance. Sometimes, insurance companies will offer lower rates when you bundle home and auto insurance. Dependent on any other vehicles or properties you have to insure, you might be able to secure a good deal.  

4. Drive Less

Similarly, having a short commute can really pay off. If you have to travel long distances for work, consider carpooling, ridesharing, or public transportation. Since less driving means less risk of getting in an accident, insurance companies often offer low mileage discounts.

5. Drive Safely

This tip is pretty self-explanatory. The fewer points on your driving record, the lower your auto insurance premiums will be. The safer you are, the safer bet you will be for insurance companies. Safety is its own reward, but you can also benefit financially from going the speed limit and not tailgating.

6. Maintain Good Credit

This tip goes hand in hand with safe driving. If you are reliable and responsible in other areas of your life, insurance companies feel that you are less of a liability. Having a high credit score will often mean lower monthly auto insurance premiums.  

7. Increase Your Deductible

This choice can be risky, so you have to decide if this tip is right for you. If you are a safe driver who doesn’t drive much and has never made a claim, you might not anticipate having to do so. You can pay less per month in exchange for paying more in the event that something should happen and you do need to make a claim.

8. Explore Available Discounts

Finally, the last of our tips is one that applies to many areas of life: just ask. You never know what companies will do for you or what is available unless you ask. Once you do, you can find a bunch of discounts that insurance companies offer. For example, these might include good grades, alumni or work discounts, retired and/or senior drivers, and those who have taken certain driver’s education courses.

In conclusion, keep these tips in mind when comparing auto insurance quotes!

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