One of the best ways to get cheap car insurance is to compare the car insurance quotes and the companies that offer them. If you are looking for the cheapest car insurance you can get, it is essential to shop around and compare the quotes. You may find that your current insurer is cheaper, but that may change, so check approximately once a year.
Finding cheap car insurance does not mean you have to stay with large insurance companies. Regional and small insurers can outperform the lowest offers of the big ones, and often have excellent customer service.
The cheapest car insurance, period, will probably have the minimum coverage required in your state. In most states, this is just civil liability insurance, which covers the damage to property and the medical bills of others due to the accidents you cause. Some states also require uninsured or underinsured motorist coverage, which pays for your injuries or damages if a guilty driver does not have enough insurance.
Comprehensive and collision coverage policies are more expensive, but they cover you in case your car is stolen or damaged, regardless of who (or what) caused it. When you add them to liability and uninsured / underinsured coverage, it is generally considered «full coverage».
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No matter who your insurer is, these tips could help you save on your policy:
Look for discounts, even ask for them. There could be discounts that you are not taking advantage of. For example, you may have retired and are driving less than when you bought your policy. Mention that and you could get a low mileage discount. Request all available discounts when you obtain auto insurance quotes.
Rethink insurance limits and deductibles. A higher collision and a full deductible may make sense if you rarely manage or feel comfortable with financial risk. Increasing your deductible means you must pay more out of pocket if you have to file a comprehensive or collision claim, but it’s a safe way to get cheaper car insurance.
Know when to cut the coverage. Do not remove coverage just for cheaper insurance. You will need full coverage auto insurance to meet the terms of a car loan, and you will want it as long as your car is a financial burden to replace. However, for older cars, you can abandon comprehensive and collision coverage, which is only paid up to the current value of your car, minus the deductible.
Cash in the main changes of life. Certain life events could translate into cheaper car insurance, so look for quotes when something important changes in your life. For example, many companies offer a lower rate for married couples or domestic partners. Or maybe you moved to a suburb with lower accident and crime rates. If your risk of accidents decreases, your rates could also do so.
Review comparisons of insurance quotes. Be sure to buy auto insurance quotes just after three and five years of anniversaries of accidents, fines or traffic infractions, after which they can be removed from your driving record.