5 Steps to Cheap Car Insurance
Step 1: Discounts Galore
Defensive Driving courses. Covered parking. Low annual mileage. Extra safety features. Good grades.
What do all of these things have in common?
They can save you a ton of money as discounts for car insurance.
Discounts are literally everywhere, and the car insurance companies love them just as much as you do. Why? You are reducing their financial risk as well as yours.
Talk to an agent from your current or prospective car insurance company about discounts you might qualify for—add these discounts into the numbers that you will compare when determining who will insure your vehicle.
Step 2: Cut Coverage
Keeping in mind that most people need far more coverage than the state minimums, it may be possible for you to drop some coverage here and there and reduce your car insurance premiums. However, keep in mind that cutting important coverage that you need is only going to cost you in the long run when you get into a collision.
So what can you cut?
Look for redundancies in your coverage. For instance, if you have medical coverage in your car insurance, but already have good health insurance that will fix you up after a collision, you might be able to drop your medical coverage from your plan. If you have collision and comprehensive coverage on an older vehicle, it might make more sense to save your premiums and just get a new vehicle should you wreck this one.
Step 3: Drive Less
The fewer miles you drive and the less time you spend on the road, the lower your premiums will be.
Start planning trips better, going out to the market only once a week or once every two weeks. Maybe you can carpool to work, take the bus sometimes, or even walk to a restaurant nearby rather than driving.
You can even get a pay-as-you-drive plan that will allow you to pay by the mile your car is on the road.
Step 4: Increase Deductibles
If you can afford to pay a bit more out of pocket, your premiums will drop. Just make sure that you actually have the money! Picking premiums you can't afford will not help your finances.
Step 5: Car Insurance Quotes
Getting multiple car insurance quotes online at once is a quick way to find lower rates. Enter your information only once, and our site helps you compare prices and details from the top insurers available. Savings in a flash!