The cost of insurance is something everyone should consider. The insurance industry is highly competitive and the company with the lowest prices gets the big profit margin. However, this means that cheap insurance isn’t always the best auto insurance. There are some very important tips to finding the cheapest car insurance and saving yourself hundreds if not thousands of dollars.
Drive safely. The chances of you having an accident or getting a traffic violation increase dramatically the more you drive. Therefore, to save on insurance, it pays to drive as safely as possible. For instance, always pay attention to your driving habits, keep your speed moderate and drive as invisibly as possible. By driving safely, you also lower your premium and save money each year.
Increase your annual mileage. The amount you drive annually, especially in a year when you are looking for cheaper insurance rates, will have a significant impact on your premium. Most insurers set the maximum yearly mileage at 55 miles. However, you can actually get a discount by driving more miles annually. In fact, some insurers actually offer discounts if you agree to increase your annual mileage as much as possible, up to a maximum of 200 miles per year.
Combine your home and life insurance together. If you have both a home and life insurance policy with the same insurer, you are eligible for a discount. This is because when you have two policies with the same insurer, your insurer will be less likely to have to process your claim simultaneously. By combining your home and life insurance policies with the same company, you will get a cheaper car insurance rate.
Make sure you work directly with an insurance underwriter. The majority of insurers are now working with agents on the internet. In order to get the best quotes, it is recommended that you talk with an underwriter in person. He/she will be able to give you a more accurate quote based on your information and specific requirements.
Search for van insurers online. While many people are comfortable using the internet to find quotes on auto insurance, few consumers are comfortable applying for quotes through the internet. For this reason, most van insurers require you to apply for an online quote directly. They will ask for detailed information, such as your name, address, phone number and details about your driving history. You will also need to provide details about your vehicle, the details of your credit history, the make, model and colour of your van, the details of your current insurance policy and the details of any previous insurance policies you may have.
Increase your deductibles. High deductibles will reduce your car insurance premiums. In general, the higher percentage of your premium that you have to pay out of pocket, the cheaper your rate will be. If you want to save the most money on your car insurance premiums, it is suggested that you increase your deductible to around $500.
Consider a multi-line policy. Multi-line or multiple policy discount is a great way to get the cheapest insurance quotes. Insurance companies typically offer discounts for multi-line coverage. Therefore, by adding your home, auto and life insurance coverage to your homeowner insurance policy, you can save a lot of money on car insurance premiums. Also, consider bundling your other policies together. Insurance companies normally offer very large discounts for multi-line coverage.
Insist on state-mandated insurance premiums. If you are required to pay a portion of your medical costs in case of an accident in New York, be sure to choose the cheapest cars to insure in New York. Otherwise, you might be required to pay for medical expenses yourself. Asking your agent about your state’s mandatory insurance premiums is a good way to find the cheapest cars to insure.
Buy safety features. It is important for you to ensure that your vehicle is equipped with all the necessary safety features and equipment to ensure the greatest level of protection. For example, in New York, all new vehicles must have a vehicle tracking system as well as an alarm system. The minimum auto insurance rates that you can expect to be offered in New York are based on these standard features. In fact, these rates are always going to be slightly higher than the national average because of the unique risk factors associated with drivers in New York City.
Request free auto insurance quotes online. There are many websites online where you can get a cheap car insurance quote from every company that you’re interested in. These sites enable you to enter your information once so that each company can send you a quote. After you get these quotes, you can compare them and pick the one that offers the lowest premium. However, remember that these premium quotes are based on several factors including: age, driving record, location, vehicle type, deductibles, and more.