Where to Get Cheap Auto Insurance
- 1). Begin by shopping around with other agencies. Get quotes from several competing agencies. During this process, make sure you have your policy in hand and compare item for item. Remember that cheap insurance should not mean less insurance or even bad insurance. This is not the place to skimp to save money. Also, do not hesitate to find out such things as to how claims are paid and how quickly.
- 2). Shop for discounts. Companies make money by insuring motorists, the ones that other companies do not have. To make sure they maintain the numbers they need to be profitable, companies offer discounts for a variety of things, such as a history of no wrecks or tickets and anti-theft devices or other vehicle systems. When you speak with an agent, do not be shy, ask. Also let them know you are shopping for new insurance.
- 3). If you must adjust your policy to see a greater reduction in cost, you might consider raising your deductible. Simply stated, the deductible is the amount you pay out of pocket to have something fixed, while the company pays the rest, and hopefully the majority. For example, if you crack a windshield, and have a $100 deductible on such damage, then you will pay the first $100 while the company pays the rest. The more you are willing to pay out of pocket, the less you will pay in premiums. However, you should put great thought into just how much you can actually pay in the case of a major accident.
- 4). Reducing the amount of coverage on your older car, truck,or SUV can actually add up. For example, something as simple as adjusting or even dropping the collision or comprehensive portion of the policy can save literally hundreds or thousands of dollars a year depending. What you will have to keep in mind is the cost of insuring the vehicle compared to the actual cost of replacing the vehicle. Is it wiser and cheaper to just scrap out the vehicle after a significant collision? Is a $2000 truck worth the expense of carrying a policy that costs you hundreds of dollars a year?
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