How To Get Cheap Auto Insurance: The 6 Key Steps You Need to Follow
Getting affordable car insurance doesn’t have to be a challenge. After all, there are so many ways to save money on your auto insurance premiums… and we’ll explain 6 of them here as well. If you’re ready to get started, keep reading.
Check your current insurance coverage
Before you start shopping for a new policy, it’s a good idea to see what you currently have. Most insurance companies offer online policies that let you see all aspects of your coverage, so you can make sure you’re getting the best deal on your current policy. If you have comprehensive or collision insurance, you can also make sure you’re getting those added protections. If you have just liability coverage, you might want to get that added to your policy as well. These days, many auto insurance providers offer plans that offer discounts if you have a certain amount of security. If you want more coverage, you can always add on to your current policy.
Decide what you’re looking for in auto insurance
Just like you shop around to find the best price on any other product, you need to decide what you’re looking for when you shop for car insurance. There are a few different things to keep in mind when you’re comparing plans. First, you’ll want to compare the premium for a new policy. It’s important to remember that insurance companies don’t just charge a certain amount for every car. Instead, they have a set number of people who are “unreasonably” driving.
They have to determine how high or low your car insurance premium will be by factoring in your driving record, car type, and other factors. So you’ll want to make sure you’re comparing the same thing in all of your plans. Next, you’ll want to compare the deductible on all of your plans. A deductible is simply a certain amount of money you’ll have to pay out-of-pocket before the insurance company covers it. However, there are a few things you’ll want to keep in mind when you’re comparing deductibles. First, you’ll want to make sure that the benefits you’re getting are comparable. If you’re getting roadside assistance, you’ll want to make sure that’s in all of your plans.
Raise your driving record
If you have a clean driving record, you can raise your driving record to get cheaper car insurance. A clean driving record simply means that you have no tickets, accidents, or violations on your driving record. If you can get your driving record to a “clean” status, you can get a lot of discounts. These days, many auto insurance providers offer discounts or credits of up to $5,000 for someone getting their driving record to clean status.
Talk to other drivers on the road and build a broker network
If you know other drivers with good insurance, you can call around and ask if they know someone who could give you a cheap rate. While this won’t always work, it’s still a great way to find someone to give you a discount. If you do happen to get connected to someone, you can ask them a few simple questions. First, make sure they know you’re just trying to get a cheaper rate on your plan. Second, ask if they know anyone who can give you a discount. Make sure you’re getting a discounted rate and not just taking a friend’s discount.
Ask for discounts – don’t be afraid to ask!
Most auto insurance providers have some sort of discount program in place. They might offer discounts for military members, for people who have a car seat or booster seat installed in their vehicle, or for people who have a car-sharing membership. If you’re eligible for any of these, make sure you take advantage of them. Some insurance providers will only offer the 10% military discount once per year, so don’t miss out! These days, many auto insurance providers will offer you a free rate if you have an auto insurance policy. If you can get yourself onto a “free” auto insurance plan, you can save a lot of money every year.
Negotiate – It’s OK to walk away if you get nowhere
After you’ve shopped around, shopped around some more, and called around to see if you can get any discounts, you’ll probably see that there’s no difference in prices between the different plans. At this point, you can either accept the lowest rate or walk away. Most people walk away at this point and just accept the lowest rate.
However, you can negotiate with the insurance company for a better rate. Before you start negotiating, it’s important to remember that you might be lowering your rate more than you’re getting back. Most insurance providers will give you a discount only if you turn in a claim. So if you lower your rate a lot, they might only be giving you a discount off of the rate they would have charged you if you had filed a claim. So make sure you’re getting a good rate before you start negotiating.
Finding cheap car insurance doesn’t have to be a challenge. After all, there are so many ways to save money on your auto insurance premiums. The most important thing to remember is to shop around and make sure you’re getting the best rate on your current policy. Finally, remember that you might be able to raise your driving record or get a discount for clean driving records or car seat installation.