Cheapest Auto Insurance: Right on the Money and Your Vehicle Too

An auto insurance is all about providing ample protection on your vehicle, consider it your shield against losses arising from collision and accidents. While you will certainly spend for that, there are plenty of ways you can save on your premium costs without sacrificing your car’s level of protection.

Are you ready to know how you can get the cheapest auto insurance? Talk to our specialists today.

On the Road to the Cheapest Auto Insurance

Auto insurance premiums can average hundreds of dollars a month. It’s an essential albeit a hidden cost of car ownership, together with maintenance and repair.

Don’t be fazed though as you are looking at solutions, which you can possibly combine, to lower your insurance rate, get discounts, and make your monthly payments more affordable.

Tip No. 1. Buy insurance policies from one insurer. Insurance companies offer discounts to customers who patronize their homeowners insurance, car insurance, flood insurance, et al. More importantly, this “piggybacking” keeps your costs of carrying your car insurance manageable as you were able to lump them with your other insurance policies.

Tip No. 2. Be rewarded for your military service. Brave men and women of the U.S. Armed Forces can look to discounts on their car insurance policies. Discounts vary between 2% and 5% so check with your insurer.

Tip No. 3. Your decades-long driving record will earn you discounts. Through membership with the AARP, which is the largest nonprofit organization for Americans 50 and older, senior car drivers with a good driving history can avail of discounts of up to 45%.

Tip No. 4. Your field of work matters. People with degrees in science, math, and engineering are believed to be lower insurance risk and thus enjoy discounts between 10% and 30%. Teachers, which ranked the lowest when it comes to insurance risk, shared basically the same perks. Farmers who shared the lowest insurance risk with educators can negotiate to avail of similar discounted pricing.

Tip No. 5. Teen drivers are considered high-risk but they are workarounds for that. Minors can join their parents’ insurance to avoid paying higher premiums. Parents can also install newer car technologies or devices that will allow them to monitor their kids’ driving behavior. Car safety devices + parental supervision = lower insurance costs.

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Tip No. 6. Even adults need continuing driver’s education. Completing a defensive driving courses entitles you to discounts of 10% of your premiums for three years. What’s more, you can take these safety driving courses online.

Tip No. 7. Safety first. Installing alarms, onboard security systems, and other safety devices in your car protects it from theft especially when you park in risky neighborhoods. This lowers the car’s insurability risk, helping you get a lower rate.

Tip No. 8. Pay in bulk. It’s not just insurance policies that you can bundle, you can also make bulk payments worth six months or so to get a discount between 5% and 11%.

Tip No. 9. Pay as you drive. Drivers who alternate between commuting and driving can take advantage of a pay-as-you-drive policy whose premiums are dependent on the miles. This keeps your premiums lower by as much as 50%.

Tip No. 10. As your car value goes down, so do your premiums. Some aspects of your car policy especially the more important ones like collision and crash are tied to the value of your car. As it depreciates, you could probably see a decrease in your insurance premium. Better check with your insurer about a possible drop in monthly premiums as your car ages.

For as long as the right level of coverage is in place, you can weed out unnecessary coverage that will only add to your insurance costs.

Don’t forget to ask insurers about discounts. Sometimes it just takes a call. Start here.

Learn about insurance essentials here.