How to Get Lower Car Insurance Rates

Car insurance is something which most of us have to live with whether we like it or not. Simply put, if you cannot afford car insurance, you afford to own a car.

Fortunately for us, there are a number of steps we can take in order to get more affordable car insurance quotes. Okay, so instead of wasting any more words, let’s take a look at 5 good tips for getting the best car insurance rates:

Tip 1 – Get Multiple Car Insurance Quotes

Don’t for a minute think that all insurance companies charge the same rates, or even similar rates. The difference between one provider and the next can be quite phenomenal. In fact, one provider may charge almost twice as much as another provider, so if you are serious about lowering your car insurance bills, shop around.

Tip 2 – Think about Insurance Before You Buy Your Car

All too often, people rush into buying a new car without even thinking about insurance. Later they discover that they could have saved a considerable amount of money if they had opted for the same make and model, but one with a slightly smaller engine size. Several aspects of a vehicle influence car insurance costs, so, do a little of research before you buy your car if you want the best car insurance rates.

Tip 3 – Consider Increasing Deductibles

All car insurance quotes include deductibles. This is the amount of money you pay in the event of a claim. Many car owners want this amount to be as small as possible, but this means they pay more for insurance, and not only a little bit more either.

In fact, increasing your deductible from $250 to, let’s say, $1000, could see your insurance costs being reduced by as much as 40%. You could then save a percentage of your savings in order to cover the higher deductible in the event that you do have an accident.

Tip 4 – Take Age and Value of Your Car into Consideration

If you drive an older car or any car that has a relatively low value, you should really take this into consideration when you buy car insurance. The reason for this is because full comprehensive cover could easily cost you more than your car is actually worth.

To determine this, calculate how much you would spend on comprehensive and collision cover over a 10-year period. If the total amount is more than the value of your car, you should seriously consider doing away with comprehensive and collision cover, bearing in mind that most policyholders only make a claim once every 11 years or more.

Tip 5 – Ask About Discounts for Low Mileage

Most insurance companies offer lower rates for people who clock up less than a certain amount of miles each year. When you are looking for car insurance quotes you need to enquire about this, and then you need to determine whether or not you do more than the specified mileage in a year.

In this post, we looked at five ways you can reduce the cost of car insurance. If you follow the advice given, you can quite realistically save yourself thousands of dollars within the space of a few years.