If you aren’t careful, you could be spending more than you need to for car insurance. According to a recent study by Consumer Reports magazine, premiums are up 10 percent since 2008. That’s a substantial increase, when you consider that for the prior three years, premiums rose only 1 percent per year on average. These days it’s more important than ever to make sure you take steps to get the best auto insurance quotes for your family's needs. Here are three ways you can save money on your premiums:
3 ways to save money on auto insurance
At least once a year, apply for auto insurance quotes to ensure you are getting the best deal. Compare rates from several insurers. Consumer Reports recommends checking with your state’s insurance department to see if it provides rate comparisons. However, if you have been with your insurance company for several years and you haven’t filed many claims, you may not find a lower rate. Switching auto insurance companies, may be more expensive. Many insurers reward their long-term policyholders with so-called loyalty discounts. Always ask about discounts, when you apply for auto insurance quotes.
Going with the insurance company that offers that lowest rate may not save you money in the long run. Some insurers may offer bargain-priced premiums, but charge more for manufacturers’ replacement parts, harass repair shops to cut corners, lowball loss estimates and increase your premiums significantly if you file a claim, according to Consumer Reports. The publication encourages drivers to research insurance companies for customer satisfaction. The Insurance Information Institute recommends that you contact your state’s insurance department to find out information about customer complaints. Make sure you apply for auto insurance quotes from top-rated insurers.
Find out which discounts you may be able to take advantage of, before you apply for auto insurance quotes. You may be able to get a discount for driving fewer miles, installing anti-theft and safety devices, having a safe-driver record, taking defensive driving courses or even doing all your insurance business with one insurer. You may be paying too much to insure your car, if you’re not getting all the discounts you are eligible to receive.
When you are ready to buy a new car policy, you can call agents in your local area, contact insurance companies directly or use insuranceQuotes.com to instantly get a competitive auto insurance quote from one of the nation’s leading insurance providers. Simply fill out a simple online form on insuranceQuotes.com to find the right insurance coverage at the best possible price. Take the time to protect you and your family today.