Getting the Best Car Insurance Plan
We all want to pay less for the bills we deal with every day. Car insurance is no exception. While there are many different companies to choose from, it can make it even that much more difficult to choose the right car insurance. You want to find the best coverage that you can for your vehicle, but no one wants to pay an arm and a leg for good coverage. It’s very important to do the research to find cheaper automobile coverage so that you aren’t sacrificing the important aspects that car insurance is used for.
Make the Switch
You may be paying a low rate with your current Youi car insurance company. However, most policies run on a six month basis, so when your policy is up, don’t just automatically renew it. The company you are with may have given you a terrific plan to begin with but then slowly increase their rates the longer you stay with them. Don’t be afraid to shop around for better rates or a new plan, no matter how long you have been with your current company. Loyalty means nothing if your coverage is increasing every time your plan renews.
If you happen to have an actual insurance agent still, let them know you have found a better plan before you drop them to make the switch. They might just be willing to match their price in order to keep you as a customer. It never hurts to ask!
Always Compare Rates
Every car insurance company calculates their own prices, and these rates can easily differ by hundreds of dollars. Comparison shopping will easily show you who has the best rates as well as the best coverage. You never want to sacrifice service or coverage because of cost, but then again, you may already be paying too much for car insurance.
You can easily spend hours looking for car insurance online when you visit individual websites. Look for a website that lets you comparison shop from one convenient place. You’ll simply input your personal information one time and the website will do the rest. You’ll get dozens of quotes for car insurance at once, and you can compare prices and coverage in one convenient place. If you choose a plan that seems best for you, you can simply continue with their personal application process from that page.
Shop When Situations Change
There are different circumstances that will cause your rates to either increase or decrease. You’ll always want to shop for car insurance when you think that your rates will change, such as when you get married or divorced, or when you add your son or daughter to your policy. If you are purchasing a new vehicle, now is the time to look for new car insurance, because you may be looking at lower rates if the vehicle is older or less expensive than the one you drive now. If you are buying a second car, adding it to the same car insurance policy may also lower your rates.
Consider Your Credit
When you are looking for the best car insurance, credit matters. Many companies take your credit score into consideration when you are buying insurance, and the better credit you have, the lower your rates will generally be. If you have a poor credit score, you may be stuck with a higher rate, but this is all the more reason to work on it. At the end of your policy, check your credit rating. Even if you have only gone up slightly, you may still get a discount.
It should definitely go without saying that you should drive safely. Auto accidents and traffic violations are the number one reason that car insurance costs go up. Even one speeding ticket and cause your rates to climb higher and typically stay that way for at least three years.
A DUI charge will more than likely cause your insurance company to actually drop coverage on your vehicle, or they may not renew your policy when the time comes. Typically, insurance rates will almost double if you have a driving under the influence charge on your record. You’ll end up paying thousands extra in insurance for years because of one mistake. Obviously, stay off the roads if you are not sober and save money and possibly lives.
Raise Your Deductible
Car insurance policies usually have three options when it comes to choosing a deductible. You can opt to pay either $250, $500 or $1,000 if your car is involved in an accident. Most people choose the lesser amount, but in the long run, you pay more in insurance. Choosing the higher deductible will lower your premiums per month. If you are accident-free for years, you’ll absolutely save money.
If you are worried about having to pay more for the deductible if you are in an accident, consider setting up a savings account and depositing your car insurance savings directly into it. That way, you will be covered in the event you need it.