Car insurance may seem like a pain… until you actually need it. While there are tricks to lower the price you pay, having the CORRECT coverage will cost you a lot less in the long run. With that said, you want to make sure your auto insurance is affordable.
Don’t buy the hype
Some companies spend millions of dollars on commercials to convince you they’re the cheapest. Instead, compare car insurance rates for yourself.
Ask about discounts
There can be a variety of discounts which, of course, lowers the price.
- Bundle your car insurance with other policies, like your homeowners insurance
- Good credit score
- Clean driving record
- Pay for 6 months or a year instead of monthly
- Your car’s safety features
- Grades, if you’re still in school
- Member of some professional organizations
Check costs BEFORE buying a car
If you get an amazing deal on that sports car, it may not seem so great once you find out the insurance on that make and model is almost as much as the car payment. Call your agent and ask questions about coverage before you drive off of the lot.
Raise your deductible
The bigger your deductible the less your monthly payments. Just make sure the deductible is something you’ll have on-hand if there’s an accident. By the way, there’s no deductible on liability insurance, which pays for the damage you cause others in an accident.
While it may not save you money, finding a dependable insurance agent will give you peace of mind. You definitely want someone who will follow up on questions quickly and have your back if, heaven forbid, you’re ever in an accident.