How To Reduce Rates For Low Car Insurance

September 29, 2017 · Posted in General Articles on Car Insurance 

One challenge drivers face is finding an insurance company that will offer the lowest car insurance rates. Rating structures vary from company to company and this is why shopping around is highly recommended. By comparing quotes, your chances of finding a lower car insurance rate are much better. Provided below are some additional tips and techniques used in order to begin saving more on car insurance.

Having prior insurance is a big plus for insurance companies. This shows that your vehicle is already covered and there is less of a chance that you will lapse any future policies. The amount of prior coverage will also help the insurance company determine your level of responsibility. If you happen to have high limits of coverage, most insurance companies will be offering you a ‘preferred customer’ rate. The more insurance you have, the better your new rate will be quoted.

If you’re driving an older or less expensive vehicle, you may only need to insure it with liability coverage only. There is no need for comprehensive and collision insurance coverage if your vehicle isn’t worth much. Deductible normally range anywhere between $100 and $1,000. The deductible is the cost to file a claim in the event of a loss. If you do need full coverage, generally the higher deductible you choose, the lower your insurance premium will be.

Are you looking to buy a new car or truck? If the cost of insurance is a concern to you, you should first shop quotes of several insurance companies prior to purchasing a new vehicle. Typically sports cars, SUV models, 4×4 and convertible will generally see higher rates than smaller coupe and sedan models. The cost of the vehicle as well as safety and security feature will also play a factor in the rating process.

You may want to consider installing a car alarm. By installing a theft device you can greatly reduce the risk of your car being broken in too or stolen. Usually a car thief would rather put their thieving efforts into a vehicle without an alarm than take the risk of being seen. Some professional auto thieves target high end models and know how to quickly deactivate standard alarms systems. If you happen to drive a more expensive car you may want to consider installing a theft tracking device such as lo-jack. As you reduce risks, you will find your insurance rates will be reduced as well.

Consider combining your auto insurance with a home or renters policy. By insuring both policies with the same company you can save as much as 15% on your auto insurance premium. For those paying well over $1,000 a year on car insurance, this discount can really save you several hundred a year on auto insurance.


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