Purchasing car insurance is one of those things that takes a little time, especially if you want to find the best deal.
When buying a car, it is good to carefully shop around. However, many car owners fail to apply the same level of care when purchasing insurance. It pays to look for opportunities that will help keep your costs down without necessarily sacrificing protection.
You can end up paying more than you need for coverage by failing to thoroughly comparison-shop.
Here are some tips to help you get the best insurance at the lowest price.
Shop around for the best car insurance deals
Take a few hours and call around to find the best deals. Ask friends and family who they use and find out who has a good reputation. If you fail to spend the upfront time checking out insurance carriers, you may end up paying way more than you need to.
Keep things equal
When you are comparison shopping for car insurance, be sure to ask for the same coverage from each insurer. This will give you a better idea of who has the best rates. You must compare apples to apples.
Avoid gaps in coverage
Make sure that you never have any gaps in insurance, especially if you are switching policies. Your rates are probably may increase if you forget to make the premium payments, thereby letting your insurance coverage lapse.
Don’t put everyone on your policy
Name only regular drivers on the policy. There may be times when someone may need to drive the car. When this happens, you can add someone for just a few days.
Claim all your discounts
Most insurance companies give a discount on auto insurance if a car has extra safety features such as anti-theft or anti-lock brakes. Also, students with good grades and those who have taken a defensive driving class may also be eligible for a discount.
Drive carefully yourself
To avoid accidents and tickets you must drive safely. Typically, your auto insurance costs tend to increase by as much as 40% when an accident occurs. Also, having too many speeding tickets can create a problem.
Lower your coverage
As a rule of thumb, it may make sense to drop the coverage, if your car is worth less than ten times the premium. To save money, it is recommended to drop collision and comprehensive insurance on older cars.