Guide to Discount Auto Insurance: How to Get the Lowest Price on the Best Coverage
When you shop for discount car insurance, it shouldn’t be a given that you’ll get a low-grade product with inferior levels of coverage. Getting the best deal should simply mean having a dependable policy for the best possible price at a cost that will not break the bank or wreak havoc on your family’s budget.
There are lots of ways to qualify for auto insurance discounts and if you shop around you’ll be surprised at how many discounted, affordable rates there are to choose from out there. What you need along the way is a little advice from the experts to guide you and guarantee you find the best car insurance discounts and benefits available on the market.
Auto Insurance Discounts Can Make a Huge Difference
Unfortunately, we are all too aware of the rising cost of car insurance in areas throughout the United States. More cars on the road, more expensive repairs, increased claims volume, and litigious legal cases have led to the rise of car insurance in every area of the country both rural and urban.
This has negative consequences for the individual driver and families as the increasing cost of car insurance reaches deeper into people’s pockets. Since it doesn’t look set to calm down anytime soon, the good news is that there are many options and other ways to reduce your car insurance costs by obtaining auto insurance discounts that really will make a difference when insurance companies calculate your premiums.
How Are Insurance Rates Calculated in the First Place?
When insurers calculate how much your car insurance is going to cost, they take many factors into consideration, including:
Your driving profile – This includes crucial information for the insurance company, like your age (under the age of 25 = more risk of accident), and possible other demographic details.
Your driving history – Also known as your driving record, which includes previous moving violations, claims and/or accidents.
Your location – If you live in a highly populated area, or gig city (statically proven to be more at risk for collisions, car vandalism, and auto theft) your rate will reflect this.
The type of car you drive – Some cars are statistically proven to be more accident prone, or likely to be stolen. Insurers will also look at the average cost of repairs for your make and model.
How often or far you drive – Your insurance rate will be assessed based on the amount of time you spend on the road, and how far you go. Based on statistics, if you spend more time in your car you are more likely to be involved in an accident.
Your coverage – The type of coverage you choose will influence your insurance rates, as will the deductible and who you choose as your provider – as prices vary from company to company.
So, it may sound a little complicated, but if you start to look at the items listed above you’ll already begin to see how some the most basic discounts on auto insurance might apply to you. To get to the next level, seeking advice and shopping around are key. It’s the only sure way of getting top value discount auto insurance.
What Types of Discount Car Insurance Are Available?
There are many auto insurance discounts out there and a number of ways to reduce your monthly car insurance premium. At insuranceQuotes, we specialize in finding you the right policy and offers with the best discount auto insurance quotes on the market. Here are a few other tricks to get those premiums down:
Multi-policy discounts, or bundling insurance policies – If you have more than one insurance policy with the same insurance provider you will be encouraged to stay and buy more policies by being offered discounts. For example, having your home and car insurance with the same company is a classic way to pay less overall. It also goes without saying that if you are insuring multiple vehicles, stick with the same provider.
Tracking and anti-theft systems – It is good advice for everyone to have an anti-theft and or tracking system installed on their car, but this is especially true in more populated areas where insurance companies have the statistics to prove that your car is more at risk of theft because of location or make of the car. Having an anti-theft system will guarantee you an auto insurance discount.
Safe driver discount – If you have proof of a clean, accident-free, driving history then you will be rewarded with a discount on your auto insurance – your clean driving record, in the eyes of the insurance company, equals lower risk over the length of the policy.
Auto pay, or pay up front – If you have auto pay set up from your checking account, or pay the total yearly premium upfront, you can often negotiate an additional discount.
Our Top 7 Tips on How to Get Your Hands on Auto Insurance Discounts
In addition to the above, there are many ways you can get the benefits of discounted car insurance. You just need to know how to navigate the promotional overload that is out there, get the timing right, and know what you may qualify for. Here are some additional tips to help:
Shop around – Like everything, prices vary from one company to another, so you shouldn’t settle on the first quote you get. It’s important that you get what you need in terms of savings, which is why you need to place your trust in reputable companies only. Comparing multiple quotes is fundamental.
Research insurance costs when buying a new or used car – If you are in the process of changing your car, whether new or used, check out the insurance costs associated with the make and model you are thinking about buying. You don’t want to buy a car to later find out that you can’t afford the insurance you need. As mentioned before, car insurance rates are based on repair costs, safety, and the risks of theft or vandalism.
Reduce coverage on an older vehicle – Assess the value of an older car and take into consideration if it is cost effective to have collision or comprehensive coverage. You may find that your car is actually over-insured, which means you may be paying more than you need to. That said be sure not to reduce third-party or liability coverage.
Increase your deductible – Your deductible is the sum you have to pay before the insurance company starts footing the bill. If you opt for a higher deductible, the insurance company pays less in the event of a claim, and will pass some of that savings on to you in the form of a lower premium.
Report a high credit score – If you have good credit make sure your insurance company knows about it as this will also have a positive outcome on how much your premium will cost you.
Report low mileage – Look for quotes from companies that give discounts to drivers who don’t use their vehicles very often. Low mileage means lower risk, so some insurance companies will be keen to offer discounts.
Go local – If you are going to buy auto insurance online in the hope of getting a cheap quote, you may be surprised to find that it pays to shop locally. Our services will put you in contact with agents who do business in your local community. This way you are in touch with only reputable, reliable and recognized insurance companies.
Don’t forget to ask about discounts and benefits – very often insurance companies advertise ways to help you save on your car insurance but you might not always hear about it – keep up to date and keep your information up to date so that any discount auto insurance does not escape you. These rates are often available to active service members, veterans, and even retirees 65 and older.
For the best advice, guidance, and security for all the discount auto insurance on offer call us or browse our very user-friendly website for information. InsuranceQuotes.com’s trained staff are friendly and are experts in their field and will be delighted to find the best automobile insurance discounts. Don’t be afraid to ask … and always check for benefits and discounts!