Believe it or not, it’s not impossible to get cheap car insurance quotes. Finding the lowest premiums combined with the best coverage is as easy as visiting a quote comparison site and filling out a simple form. There are a variety of ways to lower premiums to fit your budget, including driving responsibly, getting married, purchasing less coverage, bundling more policies from the same company, changing the type of vehicle being insured and taking driver’s education classes. However, these strategies may not be enough to get the cheapest rates for you and your family, so consumers will also need to research every discount they may qualify for.
How To Get Discounts
There are several things that consumers can do in order to make sure that they get the most affordable auto insurance possible. First, those with a good credit score will likely get lower quotes because a clean credit history shows fiscal responsibility, and insurance companies believe that reliability in one aspect of your life will likely transfer to other parts, such as safe driving habits. Next, people who have a clean driving record will get the absolute best rates because they demonstrate responsibility and skill behind the wheel. People who take a defensive driving class (“Driver’s Education Discount”), students who maintain a good grade point average (“Good Student Discounts”), those who drive less than 12,000 miles in a year (“Low-Mileage Discounts”) and anyone who already has another type of insurance policy through the same company (“Multi-Policy Discounts”) are the most likely to receive the highest discounts and therefore lowest prices.
Companies have different pricing systems for people depending on their driving records. This makes it possible for people without tickets or accidents to purchase cheap car insurance, while those who have had driving violation offenses on their driving records have to pay much higher rates. This price differential can be extreme in cases where the driver has alcohol-related offenses, such as DWIs or DUIs, on their driving record.
Perhaps getting married just to get cheap coverage isn’t a very romantic one. However, it is generally quite effective. Insurance companies use a variety of statistical analyses to determine which groups of people are less risky to insure. Many companies do not give a discount for couples simply living together, even if they have done so for many years. Getting legally married though will give drivers more affordable auto insurance.
When people compare policy premiums, they’ll notice that the standard amount for a deductible is $500. They can choose whether they want a higher or lower deductible than this. The drivers who choose car insurance quotes with higher deductibles save money on their monthly or annual premiums, but will end up paying more out-of-pocket in the event of an accident. Even though a higher deductible means the insured party has to pay more out-of-pocket to cover a damaged vehicle, many drivers select it to reduce their rates, especially if they rarely, if ever, get into car accidents. A higher deductible is suitable for individuals who don’t like to make small claims on their insurance.
Buy Less Coverage
Each state has different regulations on the minimum coverage vehicle owners must have. Beyond these bare minimums though, there are many different options available to purchase. When shopping for cheap car insurance, compare the prices of policies with varying amounts of coverage. If you have a history of not making very many claims, it may be worthwhile to increase deductible amounts to decrease the monthly premium costs. Purchasing liability policies instead of comprehensive policies can also significantly reduce your premiums.
Buy More Policies
When discussing additional coverage with your current carrier, check whether the insurance company offers discounts for purchasing multiple insurance policies. Many companies will give a substantial discount if all of the vehicle owner’s insurance policies are purchased from them, such as car, homeowner’s, and life insurance. This type of discount is usually applied to all of the different policies being purchased, which can add up to hundreds of dollars in savings.
Drive A Different Car
Different types of vehicles have different costs to insure. Generally speaking, the more expensive the vehicle is, the more it will cost to repair it. This is part of the reason why luxury cars cost more to insure than a standard vehicle. Sports cars have also been shown to be statistically linked to faster and riskier driving. Driving a standard or family vehicle will make getting affordable coverage much easier. Vehicles with air bags, anti-lock brakes and alarm systems may also qualify for lower rates depending on the insurance company.
Driver’s Education Classes
One of the easiest ways to reduce the costs of coverage is to take an approved driver’s education class. These types of classes help to educate driver’s on safe driving, defensive driving and provide a refresher on the rules of the road. Many insurance companies will provide major discounts to drivers who have completed these types of classes. It is recommended to check which classes are approved by companies before investing the time and money into a particular class.
There are a variety of ways to get lower car insurance rates. Some of the discounts offered by insurers are harder to change such as a person’s gender, while others are easier to change, such as good student or good credit score discounts.