One challenge drivers face is finding an insurance company that will offer the lowest car insurance rates. Rating structures vary from company to company and this is why shopping around is highly recommended. By comparing quotes, your chances of finding a lower car insurance rate are much better. Provided below are some additional tips and techniques used in order to begin saving more on car insurance.
There is a big advantage to having prior coverage when shopping for insurance. Having a prior policy that hasn’t lapsed will show the insurance company your responsibility to making payments on time. The amount of coverage you have with your prior company will also help the insurance companies determine responsibility of a driver. By having more coverage than required by the state, you may be rated as a ‘Preferred Customer’.
Are you driving an older vehicle? You may find you only need liability coverage. There is no reason to buy comprehensive and collision coverage for a car worth very little or less than the deductible. Deductible amounts vary from anywhere between $100 and $1,000. This is the amount you would need to pay in the event of a loss prior to any claim being filed. Generally you will see a lower car insurance rate if you select a higher deductible.
Are you in the market to buy a car. If you’re concerned about insurance rates, it’s recommended you shop around to see if the rates for the vehicle are expensive prior to buying the car. You will find most sports cars and SUV models will have higher rates than smaller coupes and sedans. The value as well as safety and security features will also be factored in when getting an insurance quote for a new vehicle.
You may want to consider installing a car alarm. By installing a theft device you can greatly reduce the risk of your car being broken in too or stolen. Usually a car thief would rather put their thieving efforts into a vehicle without an alarm than take the risk of being seen. Some professional auto thieves target high end models and know how to quickly deactivate standard alarms systems. If you happen to drive a more expensive car you may want to consider installing a theft tracking device such as lo-jack. As you reduce risks, you will find your insurance rates will be reduced as well.
Have you considered combining your car insurance with a renters or homeowners policy. When you get both insurance policies with the same company you’ll find you could save up to 15% on your auto insurance coverage. For drivers who currently pay thousands a year on auto insurance, this single discount can make a big difference.