Get cheaper car insurance

How to get cheaper auto insurance 

Auto insurance costs us hundreds of $ every year, and it can often be very expensive. However, there are some simple things we can do to try and get it cheaper. To get a cheaper insurance policy, you need to first identify what sort of insurance policy you need for your vehicle, once you have this in mind, you can start searching for cheaper policies. Here are a few simple tips: 

Decide on the type of coverage you need 

Saving money on your auto insurance could be as simple as deciding on the type of policy you need. For example, if your vehicle is only worth a few hundred dollars, is there much point in you purchasing full cover? This is just something you should consider. 

Compare different insurance providers 

Comparing as many insurance policies as possible gives you the best possible chance of finding the best deal for you; it also gives you a great view of the wider options available. Using a price comparison website is the best way to compare a lot of quotes; they basically do the hard work for you so you don’t have to. Be sure to check what each quote is offering before making a final decision, check the level of insurance and the level of deductibles and adjust accordingly. 

Are there extras included in the policy? 

When you purchase auto insurance there are sometimes extras that are included in the policy. These extras sometimes include health or legal cover, but do you really need them? If you already have health or legal cover, then you should try and get them removed from your policy, this will reduce the cost of the policy as a whole.   

Have you considered higher deductibles?  

By requesting higher deductibles in your insurance policy does bring the cost of your insurance down substantially. If you raise your deductible amount from say $150 to $300 you could typically save around 10% on your full coverage. The higher your deductible amount the higher the % you save will be, however, you have to remember that if you need to make a claim then you will have to pay the deductible amount before your policy comes into action. 

See what special offers are available 

When people think about auto insurance, many people don’t think about special offers, but as a matter of fact, there are a lot of special offers currently available. For example, if you have two vehicles at home have you considered a multi car policy? They offer fantastic discounts for people who have more than one vehicle. There are also special offers for young drivers who are just learning to drive. You can be rewarded for good grades in school by getting a discount percentage off your insurance policy. There are plenty of special offers available; you just have to find the offer that suits your own circumstances. 

Have you checked your credit record? 

Maintaining a good credit record is a good way to save money on your auto insurance. Insurance providers often look at your credit record when you make an application, so maintaining a good record tells the insurance provider that you are a reliable customer. Keep your record clean by making any regular payments on time and try not to get yourself in to debt. 

I hope these simple tips put you on the right path to getting cheaper auto insurance, remember that every little bit of money you save helps. 

This article was provided by Andreas Nicolaides, a personal finance author at UK-based MoneySupermarket.com.