buying cheap car insurance When shopping for a car remember that reliable vehicles such as family sedans are usually cheaper to insure, especially if they’re used.
- If your vehicle is old, unvaluable, and could be easily replaced, opt out of or lower your and coverage. These coverages will pay you in the event of an accident or theft, but if the cost of repairs would be more than the entire vehicle is worth, you probably don’t need this coverage.
- Set a higher deductible to lower your monthly premium payments. However, you should only set your deductible to a price that you would be able to pay out of pocket at a moment’s notice if necessary.
- Keep your child on your family’s insurance policy as long as their home address remains your permanent address. And if they live away at school without their car, you can get a “student away at school” discount from your insurance company…up to 30%!
- Compare auto insurance rates online every 6 months because many times throughout the year to account for different risk factors.
- Buy a vehicle (or install into your current model) with like electronic stability control, airbags, crash avoidance technology, and monitoring devices.
- Sign up for a defensive driver course through your insurance provider. These courses teach you crash prevention techniques and prove to your carrier that you’re serious about being a safe, responsible driver. Many carriers offer discounts to those who take this course.
- Talk to your current insurance agent about all discounts you could be eligible for. You never know when you could be missing one. Car insurance discounts include: mature driver, good student, good driver, passive restraint, anti-lock brakes, organization, multi-car, multi-policy, anti-theft, student away at school, good credit, etc.
- Ask your insurance provider about professional organizations they partner with in order to provide additional discounts. You may be a member of a union for teachers or nurses, etc., or a club like AAA or AARP, that can save you money on car insurance.
- Choose a that would give you a discount. For example, some insurance companies give an e-billing discount if you pay your bills online. Other companies give a discount to customers that choose a payment plan other than monthly, like lump sum or quarterly.