How to Find Cheap Auto Insurance Quotes Online!
FREE Quotes, Multiple Insurers
Finding a cheap auto insurance can be a tedious task. Today’s sluggish economy is forcing everyone to look for new and innovative ways to reduce their monthly expenses. Many people overlook the potential savings available from changing auto insurance carriers. There are many companies offering reduced rates to qualified drivers, so if you think you may be paying too much, you’ll want to consider looking for a cheaper policy and reaping the benefits. Let’s face it, paying for auto insurance is a burden, there are options than can lower your premiums considerably and save you a bunch of money.
There are quite a few factors to consider when looking for reduced rates on auto insurance coverage. Cheaper doesn’t always mean better, so it’s important to make sure a policy meets all legal requirements and will adequately cover you in the event of a claim before purchasing it. You’ll also want to make sure you set reasonable deductibles that you can afford in you’re at fault in an accident.
In the insurance field, the right knowledge can be a very powerful tool, and it isn’t all that difficult to dig out useful information. A little research can help you get quotes and compare the details of various insurance policies. This information can be quickly obtained by meeting with the insurance agencies, speaking with friends or by using the simplest means–the internet.
Important Facts You Need to Know about Cheap Auto Insurance
While finding cheap auto insurance quotes is difficult enough, comparing the hundreds of policies offered by so many insurance companies can be a really daunting task. However, this process of comparison and identification of the right policy can be made quicker and simpler by focusing on the insurance policies which are the cheapest.
Many insurance companies offer great discounts on new or existing policies to attract more customers. Being aware of these special offers and discounts can help you save a good chunk of money. Some of these special offers or discounts might have conditions attached which you should check before buying the policy. Be thorough while reviewing potential policies; it can help you avoid paying through the nose for insurance when cheaper alternatives are available.
Your driving history is one of the most important factors determining the premiums on your auto insurance. The premium will be on the higher side if your driving history is littered with accidents. On the contrary, a clean driving record can give you substantially lower premiums. Driving safe may not sound very exciting, but could definitely help you get an affordable auto insurance policy.
A good credit history is another factor which can reduce the insurance premium of your chosen policy. Just as having a good driving record is important, paying your bills and loans on time can also improve your credit score. While your credit score might not seem related to car insurance, it gives the insurer a good idea of the risk your account will be to them. Finding cheap car insurance policies is much easier if you have a great credit score.
There are other factors like marital status and age that also affect the price of an insurance policy. Auto insurance policies are more expensive for teenagers and for the elderly due to the increased risks involved in insuring them. Middle aged drivers with a good driving history tend to get the most favorable deals on insurance policies due to the lower risk they pose to the insurance companies.
In addition to your driving skills, the age and the condition of your car will also affect the cost of insuring it. As newer cars have more safety features and are less likely to break down, they tend to have lower insurance costs. If you car is a bit older, you might want to add these safety features separately for the security of the car, as well as to reduce your insurance premiums.
If you have an existing policy with a particular insurance company, you might be eligible for loyalty discounts that many companies offer to existing customers. Insurance companies know the difficulty in attracting new customers, and take measures to keep existing customers loyal by offering discounts and incentives on additional policies. Speak with your insurance agent to find out if you qualify for any loyalty discounts to reduce the premiums on your auto insurance.
Having multiple insurance policies with the same company helps you more easily keep track of your policies. You just have to pay and deal with one company for all of your insurance needs. Apart from the convenience, this could also benefit you by way of the previously mentioned loyalty discounts that some companies offer.
Other Possible Options for Getting Cheap Auto Insurance
The payment frequency you choose to make your premium payments can also affect the price at which you can buy auto insurance. An annual payment schedule might result in cheaper premiums compared to a monthly payment schedule. Having a single payment also means lower administrative fees and other surcharges. While these might be small amounts, they can add up to a significant sum if you have to keep paying them every month.
The cheapest insurance policies will usually offer the bare minimum coverage for your car. However, even for this bare minimum coverage, you can find various insurance companies quoting substantially different rates. This is due to differing criteria between companies, and while it may seem confusing, it could be to your benefit if you are thorough in your comparison.
One reason for the difference in pricing amongst insurance companies could be the profitability of their business. An insurance company suffering from losses due to high payouts is likely to increase the price of the premiums for new policy holders to absorb the losses.
This is the main reason why there is no single consistently cheap auto insurance company or policy. The cheapest insurance company this year might end up being the most expensive one next year. A current rate comparison is the best way to find the cheapest auto insurance.
Don’t simply rely on the advertised rates while doing your research for the cheapest auto insurance policy. Very often, the actual rates you can get are cheaper than the advertised rates. The advertised rates might also be applicable under particular circumstances for which you might not qualify. This is why it is important to speak with an insurance agent to get all the relevant details before making a decision.
Go comparison shopping.
The first thing you should do if you are in the market for a cheap car insurance is to comparison shop. It is not enough to find the agency nearest to you. There are myriads of providers out there. Any wise buyer would look and shop around first before making a decision.
To compare, call up the different car insurance providers you find and ask for quotes. If you can, get at least four quotes. Then compare the proposals they provide you with. It is also not enough to just look at the rates. Compare the providers based on their financial stability, their claims approval process, and how fast they can respond to your claims. A cheap auto insurance rate is not the only indication of whether the deal is good or not.
Look for promos and discounts.
The world of auto insurance is highly congested. That is, big companies providers are clamoring for car owners and insurance seekers like you. So as the car owner, take advantage of this to get cheap car insurance. Companies need you just as you need them because to them, you are business.
So if you have trimmed down your options to a few potential insurers, ask them whether they provide any promos and discounts you can avail of. Some examples of discounts insurers offer are if you have safety features or anti-theft systems installed in your car, if you have low mileage, if you have a good driving record, and if you took defensive driving classes.
Some common discounts that most company offers are the following:-
- Multiple cars discounts
- Multiple policy discounts
- New vehicle discounts
- Good driving discounts
- Safety device discounts
- Long-term policyholder.
- Female drivers
- Senior citizens
- Good Student discounts, are only a few of them.
Raise your deductibles to lower your rates.
In car insurance 101, deductibles refer to the amount you need to pay before your automobile insurance coverage takes over. The common practice is to pay lower deductibles because that means you shell out less. However, if it is within your means, opt for a higher deductible. This can actually get you significant savings by cutting down your premiums and helping you get cheap car insurance quotes.
There are several types of coverage options available such as:-
- Comprehensive Coverage
- Collision Coverage
- Liability Coverage
- Medical Payments Coverage
- Personal Injury Protection Coverage
- Additional Coverage Options
Apply for a group insurance
You also have the option of putting multiple cars under a single policy. This will help you get the cheapest auto insurance at significantly lower rates for each car.
With these simple but guaranteed tips, you can find cheap car insurance quotes easily.
How to Find Cheap Auto Insurance: Conclusion
You won’t find auto insurance quotes without putting in some time and effort. You will have to speak with insurance companies and do a little research on relevant comparison websites to identify the right insurance policy. Before you buy a policy, it is important for you to be aware of your local laws on the requirements for car insurance. While insurance companies try to make sure that the policies adhere to local laws, having this knowledge will help you better filter the most appropriate auto insurance policies.
The best way you can help yourself qualify finding car insurance quotes is by ensuring that you have an accident free driving record, a strong credit score, and a car in good condition. When these factors are combined with thorough research of available auto insurance policies, you stand a very good chance of finding a cheap auto insurance policy that meets your needs.