Tips On Getting Cheaper Car Insurance

March 25, 2018

 
 

For most drivers, when its time to renew their auto insurance, they never bother to shop around for a better deal. They simply accept the quote sent to them by their insurance company and wait till the next renewal period.

Thankfully, with Compare A Quote, it is now easier to find the best auto insurance quote and it will not take much of your time. You can easily use this information to negotiate a better quote with your current insurance company.

That however is only one way of getting cheaper car insurance. Below are some tips on how you can reduce the insurance premiums you pay.

Never Assume That Any One Insurance Company Has The Cheapest Rates

If you are a fan of the super bowl you probably know what we’re talking about. It’s the one time of the year that insurance companies are willing to outspend each other to try and convince customers that they offer the cheapest insurance in the market.

However, despite the full-spirited campaign to make you believe that they have the best offer in the market, you should always do your own research.

Ignore Regional and Local Insurers To Your Own Detriment

The national auto insurance landscape is pretty much an oligopoly that is dominated by four insurance companies, that is, Allstate, State Farm, Geico, and Progressive. Sometimes, it’s easy to overlook regional insurers such as Erie Insurance and Auto-Owners Insurers, however, in most cases you’ll find that smaller insurance companies have higher customer ratings compared to their counterparts. In addition, they might have lower rates as well.

Checking For Discounts

Every now and then insurers provide discounts and price breaks for customers who fall under the following criteria:

  • Insure multiple cars with other types of insurance policies for instance homeowners insurance
  • Have an untainted driving record
  • Use one policy to insure multiple vehicles
  • Don’t mind accepting documents online
  • Own a car with certain safety or anti-theft features
  • Are members of certain affiliate groups of professional organizations

You have to keep in mind that just because an insurance company offers you a list of possible discounts you shouldn’t keep looking for a good deal elsewhere.

Don’t Get Behind Paying Your Bills

In most States, your credit score affects the kind of insurance quotes you will receive. Unless you live in Massachusetts, Hawaii, or California, you should always pay your bills on time. Most insurance companies claim that there is a direct correlation between a customer’s credit and the possibility of filing a claim.

In fact, studies show that having a poor credit score can lead to higher car insurance quotes compared to those who have a good credit score.

Buy A Well Priced Car

Most people consider factors such as repair costs as well as fuel efficiency when picking a car to buy. One more thing you should consider when purchasing a car is the insurance premiums you’ll be paying in the long term. Obviously, the higher the value of the car the more insurance premium you will have to pay.

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