There are several ways to get a low-cost car insurance policy. You may also qualify for discounts based on your occupation. Physicians, teachers, and police officers are less likely to file insurance claims, so you can save money by opting for a policy that matches your profession.
Take Advantage of Discounts by Car Insurance Providers
Shopping around for the best rates means taking advantage of discounts offered by car insurance providers. The more quotes you compare, the cheaper the price. Many of the large companies may be more expensive than your local provider, but smaller carriers may offer lower rates. It’s always a good idea to compare quotes from several insurers to see which one is the best. You might be surprised to find that your first quote is significantly lower than your next policy!
Ask about usage-based discounts. Low-mileage discounts apply to those who drive less often. Carpooling or taking public transportation will save you money on car insurance. Using a carpool instead of driving to work is another way to cut your costs. Some insurers even track mileage electronically. Ask if your car is infrequently used to see if you qualify for a usage-based car insurance plan.
Paying premiums is another way to lower your premiums. Many insurers will give you a small discount for paying for your car insurance in a lump sum. If you have more than one vehicle, you should opt for this method. Many of the big insurers offer a discounted rate for multiple-car policies. These discounts are especially valuable for student drivers and young drivers with clean records.
Help Lower Your Car Insurance
Taking a defensive driving class can also help lower your car insurance rates. If you have a clean driving record, you can avoid getting points on your license. The course fee may vary from state to state, but in most cases, you can expect to pay thirty dollars for a six-hour defensive driving course. Additionally, taking a defensive driving class can reduce your insurance premium by up to 10% for three years.
You can also choose to raise your deductible. This will lower your monthly auto insurance premiums. It is important to consider what kind of coverage you need, including liability limits, and state requirements. You can find cheap car insurance by understanding your budget and insurance needs. While the amount of coverage you need depends on your income and budget, it is worth remembering that liability limits are not set in stone.
Bundling multiple insurance policies is another way to get a discount. If you have multiple cards, you can save as much as 25% on your comprehensive and collision premium by bundling them. Remember that your rates will increase if you file a claim or make at-fault accidents. Additionally, your ZIP code and credit score may make it more difficult to find cheap car insurance.
Consider telematics. The most popular telematics insurance companies track your driving habits. They can provide discounts based on the number of miles you drive each year. You can also opt for a pay-per-mile insurance program. These programs often give discounts to low-mileage drivers. It’s not necessary to drive a hybrid or electric vehicle, but it’s an option.
Consider raising your deductible. A higher deductible reduces the total cost of collision and comprehensive coverage by 15 to 30 percent. If you have more than one car in your household, you can skip rental reimbursement coverage. In some cases, you may be able to drop it altogether. However, you must remember to keep in mind that most leasing agents and dealers require you to carry full coverage.