5 Tips to Get Cheaper Car Insurance

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Shopping for a new car? It’s probably time to find new, cheaper car insurance. Follow these 5 tips and start saving money today!

Compare Rates from Several Insurers
Car insurance rates are not roughly the same from company to company. In fact, rates vary by hundreds of dollars for the exact same level of coverage. That’s why it pays to compare car insurance quotes from several insurers. As a matter of fact, drivers who used a service like InsureMe to compare car insurance quotes and switch carriers saved $301* on a 6-month policy.

Raise your Deductible
A higher car insurance deductible will translate into a cheaper premium. So, raise your deductible as high as you can afford.

For instance, if you raise your car insurance deductible from $250 to $1,000, it may reduce the cost of your collision and comprehensive policy by as much as 40 percent. That’s a huge savings!

Save Money With Discounts
Car insurers offer dozens of money-saving discounts to drivers. Depending on your insurer, discounts are offered to: — Safe drivers — Vehicles equipped with anti-theft devices — Long-time customers — Vehicles with anti-lock brakes, air bags and other safety devices — Infrequent drivers (annual mileage below 12,000) — Students, teachers, engineers, doctors, military veterans and retirees

Not all insurers offer the same discounts, though. If your current insurer won’t provide one or more of these discounts, shop around for a policy with an insurer that will.

Avoid Paying Installments
Administrative fees are sometimes charged to consumers who choose to pay their car insurance premium in monthly or quarterly installments. And while it may not seem significant, but a monthly “convenience fee” of $6 will total nearly $75 over the course of a year.

Multi-Policy Discounts
If you purchase your car and home/renters insurance from the same insurance company, you may be offered a discount. Multi-policy discounts (sometimes called multi-line discounts) could cut the cost of each policy by 15 percent!

Now that you know a bit more about saving money with car insurance, take the next step! Start shopping today.

Search for Cheaper Car Insurance

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