If you are looking for tips on how to get the best affordable car insurance, it only makes sense to turn to the experts for advice. This article will explore wide-ranging sources that help uncover the absolute best tips by experts on how to get the best affordable auto insurance. From academics to journalists to industry professionals these tips were curated from the top performing articles on the Internet.
- Rate Check Every 2-3 Years
Simply one of the best sources for consumers for advice is from ConsumerReports.org. This organization is committed to the consumer not the insurers. Insurers change pricing every six to 12 months, update your rates to get the lowest car insurance rates. Otherwise, there is a high chance your existing insurer will keep you on your current price plan for a long time while offering cheaper pricing to new applicants all the while.
- Shop Around for Affordable Auto Insurance Companies
Time’s Money column also has some great advice. Not only rate check every 2-3 years, but you should research at least 8 to 10 different auto insurers to get the absolute lowest pricing. Save at least $388 a year by switching. You can get your affordable vehicle insurance quotes to compare right here on our quote platform.
- Educate Yourself
According to Yahoo! News one of the best ways for new drivers to get better prices is simply to learn about coverages, deductibles, insurance claim processes and more. By understanding the terms in policies you can better choose which one suits your needs. Quite a few policyholders can arrange best cheap auto insurance coverage almost as good as a broker can thanks to internet resources and quotes. This doesn’t mean that you cannot contact a broker to extend your comparison shopping.
- Bundling, Its all the Rage
From cell phone packages to insurance companies, if you bundle your services together under one company you can save lots of money according to TimeMoney. Policyholders can bundle all different policies their families own or they can bundle home and auto policies under the most affordable car insurance companies in their state. The savings would range from ten to twenty percent depending on various factors including the number of policies bundled.
- Go With Quality
ConsumerReports suggest that not always will the cheapest price, actually be the cheapest. Often an introductory rate from a lowball budget insurer may hide significant hidden fees or a higher claim rejection rate costing you potentially thousands in the long run. You should always look at the final price you have to pay rather than the initial quote given to you. Companies are known to add fees for monthly car insurance payments or brokers can add fees. You can check if the company you have chosen is on of the top 10 auto insurance companies for customer claim satisfaction.
Another great source for automobile insurance information is the Insurance Information Institute (III) with tons of articles on insurance. It suggests getting a policy with a higher deductible; instead of a $300 deductible consider $500 or $1,000 in order to save 15 to 40%. It is best to get a quote with standard deductibles and ask to see how the premium will be affected when the deductibles are increased. Generally, you will be able to save money but not always.
- Have Big Brother Installed
Many insurance companies are offering telemetric device installation on your vehicle, states TimeMoney, giving them a direct reference to your driving habits. Good behavior can equal discounts up to 30%. Find out how pay-as-you-drive insurance with telematics devices work. These policies can be extremely helpful for teen drivers or following an accident related car insurance premium increase. Many providers offer discounts for just participating in these plans since they are known to make drivers more aware of their driving habits and improve on them.
- Buy the Right Car
The Insurance Information Institute (III) suggest that you take your car buying procedures and add in one more step. Consider whether your choice in a new vehicle will enable you to get safety discounts and avoid the top stolen cars in your state and nationally. This will affect a double-edged savings. You may not be aware of it but vehicles insured can affect premiums substantially. The riskier the car the higher the premium will be. For example, you will have to pay thousands of dollars when you buy an automobile with high insurance ratings and want to insure a teenage driver to drive it.
- Ask for a Discount, Then Ask Again
According to ConsumerReports taking advantage of all the discounts available is a matter of knowing they exist and asking every single insurer you contact about them. These discounts include affinity programs, good credit and good grades discounts, anti-theft device discount, car safety features discounts and more. You can find full list of discounts and how to save on car insurance here. You will see that you can qualify for many discounts even though you have a bad driving record or a recent claim.
- Shop Again for a Teen Driver
There are only two options to manage teen auto insurance costs; either by prohibiting your teen from driving your vehicles or by shamelessly promoting them as much as possible. Show potential insurers just how good their grades are for savings according to TimeMoney. You can read further on how to get the cheapest car insurance for teenage drivers.
- Measure Mileage
Do you live in an urban area with convenient mass transit options? Can you ride your bicycle to work or even walk? If you can cut your mileage by 3,000 miles a year, you could receive a monthly $50 discount, ensures the III. You can check out low mileage auto insurance discounts and see if you qualify or can manage to qualify for.
- Reduce or Avoid Claims
Filing a claim after an accident on average raises your premiums by 41%. If you can manage the payments out of pocket for minor accidents including minor injuries or property damage, it would be in your best interest says ConsumerReports.
These four organizations conduct considerable research into finding affordable car insurance and what can increase chances to lower your premiums. Follow these advices and get new quotes through CheapAutoInsurance.net today.