Affordable auto insurance is there for the taking if you know how to find it. With so many auto insurance companies vying for your business, you are in the driver’s seat as you shop. Car insurance companies are offering many ways to save and to add value to their auto insurance policies to entice you. This means many ways to save, but you have to take care of things on your end as well.
Here are a few tips to help you find affordable auto insurance from a reputable car insurance company in your area.
Improve your Driving Record for Affordable Auto Insurance
Your driving record is probably the single most important variable when it comes to determining your auto insurance rates. If you have kept your record clean over the years, you are one step ahead of the game. However, if you have a few dings on your record, there are a few things you can do. First, don’t panic; as time goes by, and if you keep your driving record clean, those old violations (if they are not serious) will no longer be considered.
In the meantime, you can take a driver’s safety or defensive driving course. Make sure the course is certified and accepted by your auto insurance company. This course can result in a discount on your car insurance rates, and may, in some states, remove a traffic violation from your driving record.
The Right Vehicle Can Get You Affordable Auto Insurance
Never underestimate the importance of your vehicle when it comes to finding affordable auto insurance. If you have a collision and comprehensive auto insurance policy, the vehicle will be very important when determining your rates. Here are a few of the most important characteristics of your vehicle that auto insurance companies consider relevant to your rates.
- Repair costs
- Replacement cost
- Likelihood of being stolen
- Stereotypical driver
As an example, a sports car will be more expensive to insure because it has more horsepower, is more expensive to repair and replace, has a higher likelihood of being stolen and the stereotypical driver is more likely to engage is some less than safe driving practices.
Manage Other Risk Factors for Affordable Auto Insurance
There are other risk factors used by auto insurance companies to determine your premiums. These risk factors are held to different standards and carry different weights depending upon the specific car insurance company. However, they will all be used in some manner to calculate premiums. Many of these factors can be managed in order to find affordable auto insurance.
Here is a list of the most important.
- Credit score
- Location (region and neighborhood)
- Driving habits (weekly miles driven)
- Marital status
- Manner in which vehicle is garaged (street vs. driveway vs. interior garage)
The Right Policy Terms for Affordable Auto Insurance
As you are shopping for policies and reviewing the terms of specific policies, there are a few things to keep in mind. First, you don’t always need to purchase collision and comprehensive auto insurance. Only if your lender requires it, and/or if the vehicle has a significant value, do you need to consider collision and comprehensive coverage. The cheapest auto insurance is liability coverage, and in most states that is all that is required.
You will also want to consider your deductible. The deductible is how much you must pay before your auto insurance policy begins paying for repairs. The higher your car insurance deductible, the lower your premiums, so the goal is to find a happy medium. A common deductible is $500, which seems to work well in balancing out-of-pocket expense and your monthly premiums.
Look for Discounts for Affordable Auto Insurance
Discounts are a great way to make expensive auto insurance affordable auto insurance. There are a staggering amount of auto insurance discounts available, and while many are small, they can be added one on top of another. The more you qualify for, the greater the savings. Many car insurance discounts are rather well known, but there are many smaller or lesser-known discounts that could help make your auto insurance affordable.
Here are a few auto insurance discounts that may be lesser known, but may help you save a little money.
- Buying online
- Direct withdrawal payments
- Good students (high school and college)
- Membership in professional organizations
- Environmental friendly vehicles
- Multiple policies
These are all great ways to save and are available to most anyone. To get a complete picture of all the discounts out there, visit a few of the major auto insurance company websites to get a complete listing of their discounts. The lists are long and you may be surprised at how many you qualify for.
Shop Around for Affordable Auto Insurance
Shopping around is the key to affordable auto insurance. In today’s world, all you need is an internet connection and you can shop till you drop for the best car insurance. You can get information on policies, companies, state regulations and auto insurance rates. You can now get your rate quotes online in only 20 minutes or less. Using a secure server, simply fill out an online questionnaire and immediately receive 3 to 5 quotes from the top car insurance companies in your region. There is not an easier or more efficient way to shop for affordable auto insurance.