Cheap Car Insurance by Emilie W.

Cheap Car Insurance

A lot of people are trying to be more prudent with their savings nowadays because the economy doesn’t seem to be doing any better. Penny-pinchers everywhere are looking for ways to save money on their car insurance bills. In fact, some even choose to bypass on the necessary limits, which is never advisable to do because the risk of loss, you might have to put more cash out of pocket. However, there are several steps you can take to minimize the price of insuring your auto.

1. Ask for a higher deductible: First, the deductible is the amount of cash that a driver has to pay out of pocket before the insurance company kicks in and covers the rest of the costs. Let’s say that you planned on paying $300 on your deductible; if you increase those $300 dollars to $1,000 dollars, you will end up saving over %40 percent on the cost of your comprehensive or collision policy.

2. Bypass on policies that offer more than what you need: Another way to on your reduce your monthly bill is to forgo any unnecessary coverage. Let’s say that your plan covers a teenager, but you don’t have a young teen operating your car. The best thing to do in these case scenarios is to ask the insurance company to drop the unneeded coverage. Also, if you have an old car that has low or no market value, it is best to drop the collision policy because it can save you a lot of money on the monthly bill. Before purchasing a collision policy, try to determine your car’s current market value. And, if you have very good health or life insurance, you really shouldn't be purchasing personal protection insurance.

3. Sacrifice the luxury: Luxury vehicles are nice, yet they are very expensive to maintain and insure. If you want to save money on your auto insurance, you should choose a modest vehicle instead of a luxury car because insurance companies charge a lot more cash to insure a luxury automobile.

4. Drive around less: Driving a lot causes your bill to increase because companies know that the more miles your car has, the higher the chances of getting into an accident. There are several discounts that lower the price of the insurance if you have lower mileage on your vehicle.

5. Look for discounts: Lots of insurance carriers offer several types of discounts. A good discount to get if you have a teen driving your car is the Good Students’ Savings, which is an offer that lowers the cost of some policies if the student or teen driver is able to maintain a good GPA. Another type of discount is called the Mileage Savings, which is awarded to drivers who have a low mileage on the cars they’re insuring.

6. Compare providers quotes: The trick to getting a cheap insurance provider is to compare the quotes that are offered by the carriers. The more choices you have, the higher the chance of selecting an affordable premium and save time.

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