Top Tips to Get Affordable Car Insurance

Shopping for auto insurance quotes may not make you excited but it will save you money. Shopping for auto insurance quotes is a serious endeavor, but think of how you will spend the money you save by shopping around for auto insurance quotes. No one wants to pay more for auto insurance than they have to, yet they want to be adequately covered if something bad should happen.

You should try to muster up some excitement when it comes to shopping for auto insurance quotes. Why? Because there are bargains out there just waiting for you. Think about it. Would you pay $100 for a pair of jeans that you can find at another store for $45? No, you would not throw you money away like that.

You should take this same mentality with you when you look for auto insurance quotes, if two insurance companies offer the same coverage why not go with the one that provides the best auto insurance quote?

If you are a true shopper and comparing auto insurance quotes still doesnt seem like it is worth the challenge or hassle, try this.

Study: One In Seven Drivers On Road With No Insurance

If you find yourself sitting at a stoplight, county out seven cars around you and guess which driver doesn’t have insurance. That’s how many cars are on the road uninsured according to the Insurance Research Council. That means that out of around 5.5 million accidents that happened in 2009, nearly 770,000 involved an uninsured driver.

Typically as unemployment rates drop, the number of uninsured drivers on the road does too, but it’s not a good idea to take this gamble. “The best way to protect yourself financially from other drivers and your own mistakes is to make sure you have enough auto insurance coverage,” said Dre Fleury, a North Carolina attorney for Crumley Roberts, specializing in injuries incurred in automobile accidents, in a news release. “The minimum required coverage is definitely not enough, and ideally, you want to have more than enough.”

Experts who deal with accidents involving uninsured drivers say they cause emotional and physical damage daily.

Car insurance may be a state requirement, but you do not have to pay too much for coverage just to satisfy compulsory laws. You do not have to sit back and watch your insurance renewals go up year after year. As a consumer, you have the right to switch insurance carriers at any time, whether your policy is up for renewal or not. Here are some of the most valuable tips to keep in mind when you want to keep your car insurance premiums low without compromising your level of protection on the road.

1. Take Time to Comparison Shop First

The first key to saving money on your auto insurance is comparison shopping. You never know how much you can save unless you take the time to compare rates. Some insurers specialize in offering coverage to young drivers or to risky drivers with poor driving records. The key is finding which company specializes in offering the most competitive rates for drivers like you.

2. Consolidating Your Policies or Your Cars

Almost every insurer in the industry that offers auto insurance will offer multi-vehicle discounts to policyholders who insure more than one car with the company. If you have several cars in your household, make sure you take advantage of these discounts and request quotes for each of your cars with the same company to save money.

If the company you request auto insurance quotes from also offers other lines of insurance, you may want to consider consolidating your policies. By doing this, you may qualify for a discount off of your auto insurance and even your property insurance.

3. Determine If You Truly Need Full Coverage

There is a major difference between liability insurance and full coverage. Liability insurance is a requirement and full coverage will pay to repair damages that your car sustains in an accident. If your vehicle is financed, you cannot drop full coverage unless you want your finance company to force place coverage on the loan. If you have an older car, you must consider the value of the car. Typically, if the value of the car is less than $1000, carrying full coverage is not worth the investment.

4. Install a Security Device

If you are carrying full coverage on your car, you can keep your comprehensive premiums low by installing a security device in the vehicle that will lower the chances of your car being stolen or vandalized. You can choose from a passive or an active alarm system. Passive systems make a noise and come with a smaller discount, whereas active systems will disable the ignition if they are triggered.

Always take time to verify that your current insurance policy is up-to-date and accurate when you are comparing car insurance quotes. By using your current policy as a template, you can compare rates for apples to apples coverage and see if you are truly paying too much for coverage. Once you are done comparing your rates, consider raising your limits to build a better policy.

Originally published at https://www.insurancexo.net on January 3, 2021.