By Paul Townsen
If you think you may be paying too much for car insurance, you are probably right. You can look online for car insurance quotes, but might wonder how to find the best rates. Following, you will find five great tips for finding cheap car insurance.
First, it is important when you are shopping around to provide enough information so that you can get the most accurate quotes. Some of these include the make and model of the car, your marital status, zip code, special safety features your car might have, how many miles you drive each year and your current coverage rates. By providing lots of details, you can get more accurate quotes and will be able to make better comparisons.
Next, it is very important to look at more than just a handful of companies. By truly shopping around, you will have a much better chance of finding cheap car insurance. Some companies may charge as much as 2 or 3 times the rates other companies are charging for the same insurance package, so don't be content with just a couple of quotes. Don't forget that your current company may be offering incentives to new customers, and even though you are a current customer, you may be able to negotiate those same low rates if you threaten to switch to another company.
Third, consider the amount of deductible you have agreed to pay in the case of an accident, and then determine if you could afford to raise it a bit. This is the quickest way to lower an auto insurance premium. For instance your premium could actually drop over a hundred dollars by raising the amount of your deductible. That difference in the premium could easily pay for itself in a year or two. Just remember, if you raise the deductible, you will need to have liquid assets or reserves available to make that payment in case an accident does happen and you are required to pay that amount.
Next, have you ever considered adjusting the names of who the main driver is on each of your vehicles? You may find that if the wife is insured on the truck or SUV, and the husband on the sedan, your rates will go down. It is also important that if you have young drivers that you keep them insured on the older, less valuable vehicles. Don't forget to ask about discounts for your young drivers for being good students and find out if there are any other discounts available.
Fifth, look at your current driving habits and see if they have changed since the last time you talked with your insurance agent about your rates. If you have had a job change and now work closer to home or if you have started riding in the vanpool to work, you may be using quite a few less miles each year and could switch to a policy that limits the mileage you can use, but also lowers your rates.
By remembering these five tips as you start looking for cheap car insurance, you may be able to find just what you are looking for and can save hundreds on your insurance premiums each year.
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