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Car insurance can get fairly expensive, regardless of where you live. You can easily find yourself paying too much and if you’re a fairly safe driver, you have every reason to be concerned. While it is possible to get a better deal, you might need some advice on how to go about it. Here are some tips on finding the best deal on car insurance.
There’s no shortage of commercials trying to convince you that they’re the best deal in town. Unfortunately, rates can vary among different companies, even for the same driver. Your best bet is to shop around and look for discounts. Bundling auto insurance with other types of policies, owning a vehicle with certain safety features and agreeing to receive statements online (paperless) could qualify you for discounts. Note that you might also get lower rates from local and regional insurers like Rob Jackson Insurance.
One of the most important things you can do to ensure a better rate is to take care of your credit. Your credit score is taken into account in most states, with the exception of California, Massachusetts and Hawaii, when receiving auto insurance quotes. Having poor credit can actually cost you hundreds of dollars more each year, compared to someone with good credit. Be sure to pay your bills on time, pay down your debts and keep track of your credit score to ensure there are no errors on it.
Some vehicles will cost more to insure than others, regardless of the owner’s driving record. Whether you get a discount or a surcharge doesn’t necessarily indicate the quality of the vehicle. On the other hand, it’s likely to reflect factors like accident frequency, repair costs and likelihood of theft. Certain websites can provide you with a rating that should give you some idea where your vehicle stands. Be sure to take this into consideration when purchasing a new or used vehicle.
One of the most common ways to qualify for a discount is to maintain a safe driving record. You might for discounts of 5 to 10 percent, depending on how many years you’ve gone without tickets or accidents. Lawyers, doctors and senior citizens are among the groups of people who are thought to be less accident-prone. If you fit this profile, you could potentially save some money. You might also get a discount for attending a defensive driving course.
Choosing the highest deductible you can handle signals that you’ll likely use your policy only for losses that are worth the trouble. If the damage is small and affordable, you would be better off paying for it yourself. This allows you to qualify for a lower premium, since you’re accepting a larger portion of the risk. The higher your deductible is, the larger the discount you can expect. Just be sure to set some of the money you’re saving aside for potential expenses.
If you have multiple cars in your household, consider putting them all on the same policy. Most insurance companies will cut you a discount for additional vehicles under the same coverage. Since more experienced drivers can qualify for better rates, if you’re under 25, it makes sense to get someone like that on your policy. On a similar note, you may also qualify for a discount if you’re willing to take out other types of policies with the company, such as for home insurance.
Remember to reevaluate your policy at least twice a year. There’s lots of competition in the insurance market and rates have a way of creeping up gradually. Fortunately, there will always be another company out there with lower rates that’s willing to give you a better deal.