17 Ways To Get The Absolute Cheapest Car Insurance Possible!
17 Ways To Get The Absolute Cheapest Car Insurance Possible. Are you looking for ways to lower your Auto Insurance Premium? Auto insurance rates can spiral depending upon factors that include your age, past driving record, and other factors such as credit history. However, the trick is to fnd ways to lower the annual pay-off. We have pulled up for you the 17 quickest ways to lower your Auto Insurance Premium. 1- Install anti-theft devices in your vehicle. 2- Maintain a good credit score and clear up any errors on your credit. 3- Buy an annual policy instead of a six monthly coverage to get you a lower rate that remains the same for a year. 4- Opt for automatic payment deductions from your bank account or your credit card to avoid getting charged for mail payments. 5- Increase your deductibles on comprehensive and collision policies to reduce on the rates. 6- Get loyalty discounts by buying your home and auto insurance from the same company. 7- If your vehicle is not used much or you have an old car with little market value, opt for minimum liability alone. It will cost you less. 8- Students that make good grades are often eligible for a discount. 9- Park your vehicle in a garage One of the simplest ways to cut down on insurance premium is to park your vehicle in a garage, personal or commercial establishments. This helps in knocking off, in some cases, close to 20% of the premium. In a garage, the chances of your vehicle getting stolen or sideswiped are considerably lower. From a transaction perspective, parking in a garage could mean a difference between a preferred rate and a standard rate. 10- Taking advantage of low mileage Some auto insurance companies will give discounts if you drive less than a certain number of miles or drive less than a certain distance to work. 11- Good Driving Record A good driving record always reduces your auto insurance costs. Keep a clean drivers license. Don't speed, don't drive dangerously, and you'll save money (apart from other
benefts !) 12- No claims discounts: Nearly all policies feature a discount that increases for every year you don't make a claim. The higher the discount available, the more you could save. Also look at insurers offering a 'no claims bonus for life' feature, where your current discount level can be fxed forever, even if you have to make a claim somewhere down the line. 13- Drivers: The more drivers you have on your policy, the more it will cost. Reduce the number of people insured to drive your car to the minimum possible, and try to get the policy in the name of a driver with the lowest risk profle. For example, if a car is driven by both a man and a woman, insuring it in the woman's name will often result in a cheaper quote. 14- Don't pay for double coverage for medical. If you're already covered with a decent health, life and/or disability insurance policy, just buy the the minimum personal injury protection that your state requires. 15- Put your teenager on your policy. Don't put teens on their own policy -- it costs too much. And another thing about teens: if they keep decent grads and pass an approved drivers training course, you can get a reduced rate for that as well. Lastly, if your teen goes to college more than 100 miles from home, they can qualify for further discounts -- if they leave their car at home. 16- Ask this simple question: "What other discounts should I know about?" If you're older than 50 and/or retired, you might qualify for a discount through organizations like AARP; if you have no accidents or points on your record, you could qualify for a safe-driver discount; and/or if you're a longtime customer with your carrier, you could save some money that way. 17- Shop around The difference in price between various companies can be signifcant. What one company may consider a high risk factor another company may not view as so important. Insurance companies arrive at a price for your car insurance by adding or discounting money after each answer you give to the questions they ask you. Each company has its own rules as to what they consider should increase or decrease your premium. By shopping around you get a better list of prices to compare. Get a Free Car Insurance Quote Now!