Top 10 Tips To Find Cheap Car Insurance

Meta: How to find a cheap car insurance and still get the maximal protection? If you’re looking for the answer to this question, check this post!
Table of Contents:
  • 1. Check multiple rates before buying car insurance
  • 2. Compare insurance companies
  • 3. Aware of drivers
  • 4. Select a high level of deductible
  • 5. Care for your car well
  • 6. Include others to stand with you
  • 7. Purchase classic car models
  • 8. Limit claims
  • 9. Do not pay monthly, pay one time
  • 10. Request a discount
There are plenty of selections when it comes to car insurance. This might make it hard to compare various price points and figure out what’s the best car insurance coming at the best rate. If you found yourself in that situation, our following tips can give you a closer look at different aspects when buying auto insurance. Especially, we will give you the top 10 tips to find cheap car insurance. Let’s get started!

1. Check multiple rates before buying car insurance

According to Mr. Hunter, the director of insurance of the Consumer Federation of America, the insurance rates of companies are different, and they are often bought and sold between the insurance companies. Therefore, you need to compare the premiums of a series of companies.

There are web pages so-called "one-touch shops" where customers can see the latest information, compare features and product prices with ease. They simply save a lot of time of finding and evaluation.

However, do not choose car insurance based only on the price. It is also important to choose an insurance company with a stable financial background and excellent customer service, including a claim processing process. You can check the financial status of any insurance company you are going to purchase by looking at independent rating agencies such as A.M. Best and Standard & Poor's. Additionally, contact the state insurance agency to see customer complaint statistics. You can also view customer satisfaction ones at J.D. Power and Associates.

Since many customers become more fully knowledgeable, insurers need to adjust their products and services to keep pace with customer demands. The general trend will be the differentiation of products and services for both existing and new customers.

Note: Low-cost insurance does not mean poor service quality. In fact, there are many companies that sell insurance at an affordable rate but provide good quality services.

2. Compare insurance companies

Many people choose to buy insurance from relatives or acquaintances working in insurance companies. However, this usually does not work when the problem occurs, especially when that person is out of work. Therefore, consumers should remember to sign a contract with the insurance company rather than with an individual. In order to make sure that buyers are efficiently insured for cheap car insurance, consumers should pay attention to the following factors:

  • • Financial capacity of the company
  • • 24-hour hotline (be careful if it's a cell phone number)
  • • Rescue traffic (when is salvage? limited rescue distance?)
  • • Repair garage network (especially garage)
  • • Consumers should also pay close attention to the insurance company's compensation services
  • • Assessment of drivers and vehicle owners on time and procedures for compensation (which may be delayed for 1-2 days will cause consumers to lose more money than buyers can save on insurance premium).

3. Aware of drivers

A customer's driving record is one of the most important factors for insurance companies in the United States to decide on a premium. Through the attitude of traffic participation, the assessment of "crime" such as how many crimes, what crimes, how serious, companies will assess the risk of "stick" traffic accident at the level to determine the price of insurance.

If customers frequently violate traffic, for example too many times being punished for the speed violation, the insurance premium will be higher. This law is available in almost all US states.

Most states are involved in the program of sharing traffic violation information of the entire American population. Therefore, regardless of where the customer is insured, insurance companies may also be able to retrieve a traffic violation profile for insurance purposes.

Premiums vary by state and insurance company. The average fee is about $907.38 per year. In particular, traffic violations resulting in the highest increase in premiums are negligent driving. For example, 22% increase in coverage, or 15% increase in beyond speed. Most insurance companies do not scrutinize the "profile" of a monthly driver but perform this task when the customer purchases or renews the policy.

4. Select a high level of deductible

If you want to save money on cheap car insurance, but still enjoy good benefits and services, the wisest way is to choose the company with the best product and insurance with deductible level.

The deductible is the amount of money if your car's damage is less than the deductible, the policy will not be effective. Your loss must be greater than the deductible, then the new insurance company compensates you. If this deduction is increased, you can save money on premium. In the same way, if a customer waives a small deduction, they can save a large amount from the premium. If you increase your deductible from $250 to $1,000, you can save 25-40%.

You can then deduct a portion of this amount to make the relevant documents. If you drive carefully and safely, you can choose a high deductible when buying auto insurance. In addition, insurance companies often have discount policy, discount for those who join the insurance next year.

5. Care for your car well

Some people think that when they buy insurance, they put all the risks to insurance companies, and drivers are careless. However, this not only jeopardizes their lives and properties and many others but also causes them to pay higher premiums or to refuse to renew their contracts.

Therefore, with an eye to encouraging customers to protect their property, most insurance companies have the policy to reduce the renewal premium from 10% to 30% if the customer has no claims in the previous year. In addition, car users should note that the car has been repaired several times will be significantly reduced. Therefore, careful car care is not only good for the insurance company but also benefit to the consumer again.

What’s more, if your old car has insurance in a collision case, you will easily find out that the amount of insurance you are paying is more than the value of the car. Therefore, calculate the damage in the accident then multiply by 10, if the value of the car is smaller than that number, do not buy insurance.

If you are worried about not keeping up with the times, consider this: a typical insurance policy will usually be effective for 11 years. However, the insurance company always reports 50 times a year.
Furthermore, even a small scratch on the car can take away your chance of getting a discount. Insurance companies see the impact on the car as an excuse to increase premiums. Pay your insurance bills on time. And if you're switching providers, make sure you're still working with your old carrier until the new policy goes into effect.

6. Include others to stand with you

You can choose anyone, regardless of their experience of driving or not, how old they are. Being able to sign up with another person can significantly reduce your insurance premiums. Typically, insurance companies will reduce the price for buyers who are employees of a company or members of an organization such as a veteran, engineer, or teacher. When purchasing insurance, customers should ask about the list of discounted organizations to see if they have enough requirements.

For example, Graeme Lambert, a 29-year-old journalist living in Dunstable found by chance that if he added a 26-year-old girlfriend to his insurance policy, the Admiral could reduce him to $260.
The reason could be explained as follows. This insurance company feels Graeme's girlfriend is more trustworthy (because she is a teacher) than a journalist. With only a few years of driving experience, this teacher could save up to $260 for his boyfriend.

However, some people make mistakes when they do something. They often borrow the names of parents or elders in the insurance policy. And they are just attached people. This is a violation of the law. The main person is the person who must use the car most of the time. If the insurance company discovers that the main person does not use the car. You will lose that money.

In addition, bonuses will be charged to the main sponsor, not to the person who is included.
This is important. If you are a cafe owner, you will pay $940, while the land owner will pay $1600. A nurse will pay $1600 while the nurse student will pay $1100. Insurance companies often record accidents, drivers' claims. If those people have a career as a restaurant owner, surely 100% of the people who own the restaurant will also be paid more for the cost of insurance.

7. Purchase classic car models

The owners of classic car models have many advantages in insurance costs. Insurance companies say that these classic cars will be kept, maintained and used very carefully. Therefore, the rate of accidents or compensation is very low.

The definition of classic cars of these companies is often not the same. In particular, some vehicles in the new life are still on the classic list. Besides, you will pay a higher premium if your vehicle is on a statistical model list that is easy to get stolen, broken or vulnerable, or if repairs are more expensive than other vehicles.

Footman James, for example, defines the Jaguar 5-year-old classic. BMW over 10 years old or some 15-year-old Land Rovers are on the classic list. A 1985 Porsche 944 car in London would only pay $290 for a premium with Footman James, while the Admiral would require a car insurance of $1070.

8. Limit claims

If you have a bad accident caused by accident. You should not seek compensation from the insurance company. Even if it's someone else's fault, when you tell the insurance company, they'll mark it and maybe your insurance premium will increase.

For example: Alfa Numeric, contacted the Piston heads insurance company to inquire about the Excess, but later decided to pay for the car. However, when he extended his car insurance premium next year, the fee was increased by $130.

Advice to you is if you decide to pay for auto repair costs in case of an accident. You should not tell your insurance company.

9. Do not pay monthly, pay one time

Many companies allow you to pay the installments during the time you purchase their insurance. However, that goes hand in hand with the fact that they will charge interest on it. If you have enough money to pay for the insurance, pay immediately.

Most insurance companies charge administration fees if you choose to pay. And if the fee is $10 for each installment from the insurance company, what is the solution? If possible, pay a one-time premium. Of course, this fee is more important for those on tight budgets. If you decide to pay monthly, after 12 months you will probably pay interest up to hundreds of pounds.

10. Request a discount

Many insurance companies will offer discounted rates to insured buyers whose annual mileage is less than the standard figure. If you are less likely to travel, the car insurance rates may be reduced. However, firstly, talk to your insurance company to find out if they have a discount policy in place.

Some insurance companies offer discounts to buyers when they have certain safety features such as anti-theft or mechanical safety belts. There are also discount packages for seniors and older students driving. However, some companies only offer discounts on the highest premiums. According to car insurance consultants, do not be too focused on finding discounted insurance because you may have to pay extra for it.

In general, there are many ways to help you cut down the cost of car insurance. We hope you carefully consider our tips above to find cheap car insurance and still get the maximal protection.

Previous Post Next Post