How to Lower Your Auto Insurance Bill

A good auto insurance policy doesn’t have to be expensive. Follow these tips to lower your car insurance premiums.

1. Get several auto insurance quotes fast before you commit to a policy. Different insurers can have vastly different prices for very similar coverage, so it pays off to shop around. When you use our site, you will get at least four fast auto insurance quotes, which enables you to take care of all of your shopping easily on one site.
2. Check insurance costs before you buy a car. The make, model, and year of your vehicle will have a tremendous impact on your premiums. Usually, expensive or high-performance vehicles will cost considerably more to insure than moderately priced sedans. Before you purchase a vehicle, get an auto insurance quote fast to make sure your insurance costs won’t be sky high.
3. Raise your deductibles. You will get a much cheaper auto insurance quote fast if you are willing to set your deductibles high. Going from a $250 to $1,000 deductible can save you between 25%-40% on your premiums. With the savings you accrue from lower premiums, you can set aside money to cover your deductible in the event of an accident.
4. Jettison collision and comprehensive coverage for old cars. If you drive an older vehicle with little to no cash value, you might be paying more for insurance than the car is worth. When you sign up to get an auto insurance quote fast, you might want to leave collision and comprehensive coverage off your policy. To decide whether this is right for you, add up your collision and comprehensive premiums and then multiply that number by ten. If your vehicle is worth less than that number, don’t bother adding the coverages to your policy.
5. Stay on top of your credit score. Most insurers take your credit score into consideration when calculating your premiums. You might pay as much as 50% more if you have a bad credit rating. Before you get an auto insurance quote fast, check your credit report for any unpaid items and errors that you could easily fix. Also always pay your bills on time, as recent late payments can devastate your score.
6. Don’t forget about discounts. Many insurers are very discreet about the discounts they offer, so you have to ask about the discounts for which you might qualify. You could be eligible for a multiple-policy, good student, senior citizen, or other discount. The equipment on your car might also save you money—most insurers offer discounts for air bags, seatbelts, anti-theft devices, and more.
7. Don’t go without coverage. A gap in insurance coverage could disqualify you from receiving certain discounts or even from getting coverage at all. Insurers use lapses in coverage as a reason to raise your premiums, so make sure you have coverage at all times. As you shop for an auto insurance quote fast, make sure your old policy does not expire until you have new coverage in place.

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