5 TIPS FOR GETTING THE RIGHT AUTO INSURANCE FOR YOUR NEEDS

Auto insurance payments are one of those bills that’s kind of annoying to pay. Every month you watch your hard-earned money go out the door and don’t see any return on it. Until you need it, of course. The thought of paying for damages and medical bills of the parties involved in a crash that you may be at fault for is frightening. And that is what you need to remember every time you pay your car insurance. However, if you know how to choose auto insurance the savvy way, you can say goodbye to less of your hard-earned money and still have great coverage. Check out these 5 tips.

Check Rates Annually

Things are always changing in the auto insurance world. Mark a time on your calendar and get in the habit of reviewing auto insurance rates annually.

Chances are, with loyalty and good customer discounts, your current company will still offer the best deal. But that won’t always be the case and you want to take advantage of a lower rate if it’s available.

Finding the cheapest car insurance isn’t rocket science and won’t take a long time. There are many online comparison tools that make this chore quick and easy and could save you tons of money.

Consider Your Deductible

Typically, a higher deductible garners you a lower premium. Or you can opt to pay a little more each month and keep your deductible low.

Consider your driving record (and that of anyone else on your policy). If you all have safe records, it may be worth taking a higher deductible to save on your premium. Just be aware that if you do end up in an accident, you’ll need to be prepared to pay that higher deductible.

Look for Discounts

Many companies offer a variety of discounts based on several factors. Some common ones include:

Driver-training course discount for new drivers
Driver-training refresher course discount for older drivers
Defensive driver course discount
Discount for students with good grades
Group discounts (alumni, occupations, professions, etc.)
Safety and anti-theft discount
In addition, most providers offer more than one kind of insurance. If you buy another type of insurance, like home, renter’s, or life insurance, from the same company you can often get a hefty multi-policy discount.

Report Mileage Reductions

Sometimes your driving habits can change. For example, if you change jobs to one that is closer to your house (or move closer to your job) your average mileage will go down.

Be sure to report that to your insurance company. Being on the road less equals less risk of an accident and you may qualify for a lower premium.

Choose the Right Vehicle

Keep car insurance in mind when shopping for a new vehicle. The insurance company will charge you a higher premium for a car that is more expensive to repair.

Get a few quotes based on the models of vehicles you’re considering to see which will earn you the lowest premium. In general, the cheapest models to cover may be the serviceable, but boring, models you see everywhere. You can always personalize your car after you buy it to make it more unique.

Now You Know How to Choose Auto Insurance

Now that you know how to choose auto insurance it doesn’t sound so scary, right? Just follow these 5 easy tips and you’ll have a sound policy without spending a fortune on it.



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