While loads of car insurance companies are in operation, finding the best deals can be somewhat challenging. Besides the number of companies in the business, there are also several other variables to consider. Here are some tips to help you find the lowest car insurance possible:
1. Take out multiple policies from the same company.
If you already have a health insurance or life insurance policy through one company, then consider taking out auto insurance from the same company. Insurance companies wouldn't mind getting the extra business, and they're often willing to provide fairly hefty discounts for repeat customers. However, as a word of caution never assume that a current insurer will always provide you with the best deal. So shop around to ensure that you get the absolutely, positively, best deal possible!
2. Look for student discounts.
If you're a high school or college student, you might be eligible for student discounts. Typically, insurers offer these discounts to students who maintain a "B" (3.0) average. Of course, you'd need to submit official documentation certifying the grades. If you're a parent of a student, then these discounts can serve as a fantastic motivator. Either your child hits the books, or they'll be less "mobile" until they do.
3. Buy a used car.
You'll need to take out more insurance for a new car, so one of the best ways to save on auto insurance, is to buy a used car. And it doesn't have to be a lemon for you to enjoy substantial savings!
4. Keep your driving record clean.
This is one of the easiest ways to find cheap car insurance, since auto insurance companies provide various discounts for clean driving records. While accidents can happen, you want to avoid those in which you're at fault. At-fault accidents can add points to your driving record, which can cause your auto insurance to shoot through the roof! If you already have point (s) on your driving record, then avoid any future at-fault accidents. That will help you to secure cheaper insurance once the points disappear.
5. Maintain good credit.
What does your credit rating have to do with car insurance? More and more insurers are looking at an applicant's credit rating, to determine the interest rate that they're willing to offer. The assumption is that someone who's fiscally disciplined is likely to be disciplined behind the wheel. If you have outstanding credit, then look for insurers who consider one's credit rating as a crucial factor to determine interest rates. And if you have less-than-perfect credit, this is a motivator to start paying your bills in full and on time!
6. Shop around.
This is definitely one of the key steps you should take when searching for auto insurance. The good news is that the Internet has made the process much more convenient. It's now very quick and easy to get online quotes from various auto insurance providers. But always make sure that you're comparing apples with apples, and orange with oranges. In other words, the quote that you get should be applicable to you, in terms of your age, gender, driving record, and so on.
Following these tips will help you to find cheap AND good auto coverage. Good luck!
