Let’s admit it.
Don’t we work day and night in our offices just so that we could fulfill our dreams?
And one of those dreams might include buying your dream car.
And that’s something a lot of people dream about.
A Dream Car!
Let’s just assume that you just have enough money in your bank account to buy your dream car right now.
What can stop you from buying it?
That’s car insurance we are talking about.
Often, people neglect to count the cost of car insurance while they think of buying a car.
And believe me! Spending money to buy car insurance is something that not many of us want to do. However, it’s really important because it is the law!
And the thing is different insurance companies have different rates for their car insurance policies.
How can you decide which one is the most perfect along with it being cheap? How can you get car insurance at a comparatively lower price? And that’s what we are here to help you with.
In this blog post, we will help you understand how you can get really good coverage at a much cheaper rate.
Without wasting any time, let’s just get started.
Don’t Just Consider One Company
Saw an ad on your TV about a car insurance company promising you the best services and coverage?
They might even tell you that their rates are the cheapest in the entire market.
You might think that they are literally telling the truth because you don’t quite know much about the car insurance policies. And that’s what you must be cautious about.
There’s not just one single company that offers cheap car insurance. And that’s a fact.
You want lower rates?
Make sure that you look around.
Discounts! Ask For Them
Insurance companies are always happy to provide their customers with some discounts and some offers.
Make sure you ask about them.
You can get a discount from a car insurance company if:
- Have a good driving record.
- Decide to insure many cars under a single policy.
- Combine your car insurance policy with your other policies like a homeowner insurance.
- Don’t ask for offline documents
- Pay the whole 6-month or a yearly premium at once.
- Member of a professional community
And that’s not it.
Ask the car insurance agent about the various discounts and offers that you are eligible for. Make sure that you get your car insurance at a low price.
Include Regional & Local Insurers
Let me name some of the famous auto insurance companies.
Here are the names:
And that’s just some of them we are talking about.
The chances are that you have probably heard of them. They are quite famous due the fact they spend millions in advertising every year.
However, there are smaller companies that are not so famous. However, they provide the best rates in the market and hold a great customer satisfaction record.
- Bristol West
These are companies you need to be aware about. Most of the times they will offer much lower rates than the big names. It pays to shop around!
You can get a great cheap deal from these small car insurance companies. And that’s not something that you should avoid.
Check The Cost Of Insurance Before Buying A Car
As we talked in the introduction, you might have collected enough money to buy your dream car.
However, the one thing that you ignore is the cost of a car insurance policy.
Car Insurance Premiums!
That’s what you should really take care of.
As per the research, the best-selling vehicles that are found to have the lowest insurance rates are:
- Jeep Wrangler
- Honda CR-V
- Subaru Outback
Pay-Per Mile Or Usage-Based Insurance
The chances are that you might be a safe driver.
Not many miles might be logged!
And if you are such a person, you should always opt for usage-based insurance like:
- Progressive’s Snapshot
- Allstate’s Drivewise
- State Farm’s Safe And Save
Sign up on this, and your insurer will track your driving.
That’s how you will get a good discount and would be able to buy cheap car insurance.
Discounts that you get will be based on when and how much you drive as well as how well you do.
What if you drive less than 10,000 miles in a year?
Well! You can save a lot of your money by buying a mileage-based program like:
- Allstate’s Milewise
- Esurance Pay Per Mile
- Nationwide’s SmartMiles
Not all of these will be available in all of the states. Make sure you carry out your research and check whether they are really available.
Got An Old Car? Skip The Collision & Comprehensive Coverage
Let’s take a look at what the collision and comprehensive coverage are actually for.
Suppose that your car is damaged by another vehicle or any object like a fence. That’s where you can claim the collision coverage.
Suppose that your car is damaged due to weather or any other natural calamity. That’s where you can use the comprehensive coverage. And that’s not it. Car theft’s covered as well.
However, that’s profitable if you have a new car.
If you have a car that’s old and doesn’t hold good value, you should simply skip the collision and comprehensive coverage.
Make Sure That You Are Paying Your Bills On Time
Make sure that you keep it good.
That’s what will determine whether you are eligible for cheap car insurance or not.
Improve your credit score.
And insurance companies will be more than happy to provide you with cheap rates for car insurance.
How can you maintain a good credit score?
- Pay your bills on time
- Reduce your debt
Make sure that you track your credit score on a regular basis.
Discounts and offers are just out there.
You just need to make sure that you look at the right place.
Make sure that you keep all of the above-mentioned points in mind, and you will get your car insurance at a really low price.