5 Tips for Finding the Best Auto Insurance Rates
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Introduction
If you’re like most drivers, you want to get the best deal on auto insurance. But with so many insurance companies and policies out there, it can be hard to know where to start. That’s why I’m here for you! Below are five tips that will help you find the best rates for your car:
Buy a new car
If you’re looking for the best auto insurance rates, buying a new car is one of the easiest ways to save money. New vehicles are less likely to be stolen and involved in accidents than used ones. They also come with better safety features that help keep drivers and passengers safe when accidents do happen. This combination makes them much less expensive for auto insurance companies to insure–so if you buy a new car, expect lower premiums!
Shop around
Shop around for the best rates.
- Your current insurance company may not be offering you the best rate.
- Ask family and friends for recommendations, as they may have found a better deal on auto insurance through another provider.
- Use online comparison sites to compare quotes from different providers in your area. You can also use these sites if you don’t want to shop around yourself but would rather let them do all of the work for you!
- Speak with an independent broker who can help match your needs with an appropriate policy at a competitive price point, taking into account things like driving history and vehicle type (e.g., classic cars).
Check your credit score
Your credit score is a number that represents your credit risk, or the likelihood that you’ll go into debt and start missing payments. A good credit score can help lower the cost of things like auto insurance because it means you’re less likely to be delinquent on payments or otherwise cause problems for an insurer. You can check your current three-digit number at sites like CreditKarma (free) and AnnualCreditReport.com ($8).
Talk to a local insurance agent
- Ask for quotes from different companies
- Ask for referrals from friends and family
- Get quotes online (including through our website)
- Get a quote over the phone, or in person at an office location near you
Increase your deductible
The deductible is the amount you pay before your insurance company covers the rest. In other words, it’s an out-of-pocket expense that you must cover before receiving any compensation for damages. For example, if your car was totaled in an accident and had a $2,000 repair bill (or more), but your deductible was set at $500–you would be responsible for paying $1,500 out of pocket before receiving reimbursement from your auto insurance provider.
Deductibles are a great way to save money on car insurance; however there are some things to keep in mind when choosing one:
- How much money do I want/need to save? This will depend on how much risk you’re willing to take on as well as how often accidents occur where someone else may be at fault (i.e., speeding driver hits another car). If there are no other drivers involved then increasing your deductible won’t affect anything because there won’t be any claims filed against them anyway!
If you’re looking for the best auto insurance rates, it’s important to shop around, choose the right vehicle and talk to an agent.
- Shop around: You can get quotes from multiple companies online or by phone. You may also want to check out local agencies in person.
- Choose the right vehicle: If you have a sports car or one with expensive extras (such as all-wheel drive), that could affect your premium because those vehicles cost more to repair than other cars do.
- Talk with an agent: An experienced agent can help guide you through this process by explaining coverage options and answering questions about how much they cost so that you can make informed decisions about what coverage is right for you
Conclusion
The best way to find the right auto insurance rate is by shopping around, choosing the right vehicle and talking to an agent. The more research you do on your own, the better equipped you’ll be when it comes time for negotiations with an insurance company. Remember that they want your business so they won’t be afraid of negotiating some prices down!
