Tips For Saving Money On Car Insurance

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Even though car insurance is almost required by all states, most consumers don’t know enough about car insurance to know how to keep their rates as low as possible. Consider that even if you were paying $25 more per month to your agent or for online travel insurance company than you could be paying, since car insurance is something that you have for your lifetime, after 30 years, you would have paid $9000 more in car insurance than you needed to pay. Now aren’t there better things you can think of to do if you had an extra $9000 to spend?

Comparison shopping is key for almost anything you buy, and buying car insurance is no different. The much more difficult task is making sure that you are comparing apples to apples so that you know if you are REALLY comparing two identical policies when you get your quotes. Are the deductibles the same? Are the coverage limits for medical and liability the same? Is the property damage ceiling the same? Not all car insurance policies are created equally, and you need to know what you are looking at so that you can be sure that you really are comparing two identical quotes for car insurance.

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Here are some things you can do to make sure that you are getting the best car insurance quote possible, which is designed to protect you and your driving habits:

1. Keep your driving record as clean as possible. Having parking tickets is not good, but having traffic tickets that are classified as a moving violation is deadly and will send your car insurance rates through the roof. A squeaky clean driving record is the best thing in your favor.

2. Consider what you can handle for a deductible. If you are in an accident and your deductible on your car insurance policy is $500 (which is pretty standard), and the damage to your car is only $498 to repair, you probably will not even file a claim with your insurance company because they will not pay a dime. In other words, the first $500 comes out of your pocket. Now you might be saying no way, and choose a $100 deductible. You can do that, but note that your insurance rates will rise significantly with that little change. The higher the deductible that you specify, the lower the rates are going to be.

3. Consider what other insurance needs you to have, because many insurance companies will give additional discounts, sometimes 15% or more, on each policy if you have multiple policies with them. So can this company also quote your boat insurance, your home owners or renters insurance, your life insurance? If so, look at the bigger picture so you can determine where you can save the most money.

4. What kind of car are you trying to get car insurance for? If you have not purchased the car yet, the cost of insurance for that car is something that should be figured in along with the car payment. The total value of the car is only a part of that equation — all cars are also rated by the insurance companies as far as the typical cost to repair them. It may be typically more expensive to repair a Kia than a Dodge, even if the total value of both cars is the same, so be sure you know how your car is rated by the car insurance companies.

Lastly, take the time to shop around every couple of years. There could very well be a new insurance company in your area that is willing to make you an even better deal. Do not assume that the deal you got 3 or 4 years ago is still the most cost effective game in town.

Comparison shopping for auto insurance, even after you are already insured it, cannot be underestimated because there are so many factors considered in car insurance policies such as where you live, your driving record, your age and the type of car you drive just to name a few.

Even after you have secured insurance for your car, it is wise to periodically check the rates that other providers will offer you. Car insurance, as well as your circumstances, are perpetually changing and you may find that the provider who is willing to offer you the best car insurance rate varies periodically. Many providers give discounts and these discounts can be related to your age, car, school. record etc.

These discounts can cause tremendous money saving on your auto insurance but while many providers offer these discounts, they don’t always show them. This means that you may have to do research to determine what type of discounts you may qualify to receive. Carefully, review your car insurance policy to determine which discounts you are already receiving and then con