Tips for Getting Cheap Auto Insurance Coverage
If you’re in the market for cheap auto insurance coverage you’re not alone. More than ever people are looking for ways to save a few dollars and stretch their budgets further. You can do that with your auto insurance by knowing how insurance works and applying some very simple principles. We’ve listed below a handful of helpful tips that should point you in the direction of less expensive coverage.
Consider Only Liability
The best way to keep the cost of your car insurance down is to consider getting only a minimum liability policy. This type of policy is the absolute cheapest because it doesn’t pay for actual damage to your car. It only pays for bodily injury and property damage. But if you’re driving an older vehicle with a resale value not more than a couple of thousand dollars, it probably won’t be worth your while to put the extra money into collision and comprehensive. In your case, your car dictates you can probably do better with just a liability policy.
Ask for Discounts
One of the best-kept secrets in the car insurance business is that of discounts. Discounts are used most of the time to entice customers who are thinking of leaving to change their minds and stay. They are more less incentives to help car insurance companies retain their loyal customers. That said, if you’re willing to call your representative and press the issue you will be eligible for more discounts than you know. Some of discounts that lead to cheap auto insurance coverage include:
– safe driver discount
– senior citizen discount
– student discount
– trade group, alumni, or civic group discount
These are just a small sampling of discounts available to car insurance customers. Each company has its own list; you’ll have to inquire as to what your provider makes available to you.
Bundle Your Policies
You’ve probably heard sales pitches promising that the “more you spend, the more you’ll save.” We can’t speak of furniture stores or electronics, but we can say this principle holds true when it comes to insurance policies. If you’re willing to bundle together your homeowners, auto, and life insurance policies with the same company you will get a cheaper rate on all of them. Bundling your policies is perhaps the best tip for cheap auto insurance coverage because you realize so many additional benefits from doing so.
Buying a New Car
Our last tip comes by way of buying a new car. If cheap auto insurance coverage is a priority you need to look at your new car options from that standpoint. Remember that you’ll get discounts for safety features including airbags, anti-lock braking systems, and traction control. You’ll also get a better price if you choose a car that is less costly to replace. The best way to determine insurance cost for a specific model of new car is to just run an Internet search on vehicle cost of ownership. It’s usually pretty easy to find the information this way.