First, you have to understand how car insurance works. You choose your coverage (or pick a prepackaged plan), and then tweak the price with a good driving record and appropriate discounts. Just because your agent says that your premium will cost a certain amount does not mean that is what you will ultimately pay. Buy car insurance cheap by using some of these tried and true cost cutting strategies:
Drive the cheapest car you can
You might dream of hitting the street in a flashy sports car or loaded SUV, but if cheap insurance is what you are after, you’d be smart to buy a cheap sedan to get to and from work. Less expensive (and by that I mean cheap) vehicles cost far less to insure; as do older models. The best way to keep your premiums low id to drive the cheapest and oldest car you can find that can still get you where you need to go.Increase your deductible
Sure, a small deductible will save you cash if you need to file a claim, but you will pay for that luxury in higher premiums now. Instead, put some money in the bank to cover that deductible and save as much as 10% on your overall premium.Buy only the coverage you absolutely need
Take a good look at your insurance policy. Do you really need all of that coverage? The odds are that you don’t. For instance, if you have a second car (or one that you could borrow in an emergency), ditch the rental coverage on your policy. It can cost a hundred dollars or more a year and the odds are good you will never use it. Consider this: if you spend $75 a year for 10 years on rental coverage, you could rent a quality car for more than a month in most regions of the country –depending on the car you rent you may even be able to get one for ala longer period of time. Now, think about how long you will likely need a rental if you are in an accident (maybe 2 weeks)? That is a lot of wasted premium money.Live in the safest area you can afford or even consider a move to the suburbs
The safer the neighborhood you keep your car, the less expensive your insurance will be. Better yet, move to the suburbs and watch your insurance premiums plummet.Drive less
The less you drive the less chance you have of getting in an accident. That is why driving less can save you money on your car insurance premiums. If you can prove that you drive less than 10,000 miles per year, you can enjoy a discount. The next time you have your car inspected, have your mechanic certify the mileage and then submit that report to your insurance agent for review.Get married
Married couples traditionally spend less on car insurance than singles. One reason may be the multi-driver discount they enjoy.Shop around
The absolute best way to buy cheap car insurance is to shop around. Not every carrier offers the same plans or fees. Be sure to check with a variety of companies and brokers for the best deal. Use the insurance comparison charts on the internet to helps find cheap insurance in the area in which you live. But, be careful not to cut rate yourself to the point of buying insurance that will not give you the protective coverage that you need. It is fine to look for a discount plan, just as long as the policy you pay for will indeed cover your costs in the event of an accident.When it comes to finding a way to buy cheap car insurance, it is always best to look for a reputable company and then ask about the variety of discounts that they may offer. In addition to the cost savings methods listed above, you can also see if your insurance carrier offers these common discounts:
- Multi-Vehicle discount for drivers with more than one vehicle
- Safe Driver discount offered to drivers who remain accident free for a certain period of time
- Multi-driver discount offered to households with more than one river
- Theft protection discount offered to vehicles sporting any one of several anti -theft devices
