19 Best Ways To Get Cheap Car Insurance

Fran Majidi
November 4, 2020

Maybe you did tons of research and comparison shopping for a new set of wheels and landed a great deal on the car and the financing too. Congratulations, but you’re not done yet. You’ve got car insurance to buy. You’ll want to apply the same level of hard work, diligence and comparison shopping to your car insurance shopping experience. But it won’t be as hard as you think. We’ve gathered together the 20 best ways to get cheap car insurance. To save the most money, you’ll want to use as many tips as apply to you. Some tips offer money-saving ways to pay for your car insurance. Did you know that how you pay your car insurance can save you money? You will now. How you drive your car matters too. Are you a safe driver? A low mileage driver? It makes a difference. Your car’s safety features and your professional organization memberships make a difference too, so do some interesting personal characteristics. Are you married? Do you own a home? Both are good news for your car insurance. Shopping around is a big way to save money on car insurance and can’t be emphasized enough. But there are plenty of small ways that really add up. Without further ado, here are the 20 best ways to get cheap car insurance.

1. Bundle insurance policies. Bundle your car insurance policy with another insurance policy such as a homeowners insurance policy and you’ll save money on your car insurance premium.

2. Insure More than One Car. Got more than one car? Insure them with the same car insurance company and save money with a multi-car discount.

3. Pay Once or Twice A Year. Rather than signing up for monthly payments, pay the entire annual amount or six months amount. Your car insurance premium is lower when you pay just once or twice a year.

4. Keep A Clean Driving Record. Be a safe driver with no at-fault accidents, no speeding tickets, no moving violations and no DUIs and you’ll save money on your car insurance premium. There is something called a good driver discount and you’ve earned it. So let a car insurance company know about your squeaky-clean driving record.

5. Check Safety Features. Having certain anti-theft and safety features on your car will lower your car insurance. So be sure to check with a car insurance company to see if the features on your car qualify you for a discount.

6. Check Organizations. Members of particular professional organizations and affiliates get discounts on car insurance. So look to see if the memberships in your wallet will help to lower your car insurance premium.

7. Insure Less on Older Cars. With older cars, you can save money by dropping the collision coverage and comprehensive coverage. The maximum payout for collision and comprehensive coverages is limited by the value of the car. So if your older car has a low market value, it may not make financial sense to carry comprehensive and collision coverages any longer.

Find Cheap Car Insurance

8. Shop Around. This may be the biggest tip of all. To save money on car insurance, you’ll need to compare insurance rates from several insurance companies. SmartFinancial makes this easy to do. Just input the type of insurance you are looking for and a zip code to get started. Next, answer a few, quick questions and you’ll be comparing auto insurance rates from car insurance companies near you in no time. SmartFinancial has access to more than 200 insurance companies so you are bound to find the insurance coverage and price that you want.

9. Choose a Higher Deductible. A deductible is the amount you need to pay before your auto insurance company begins to pay for damages to your car or losses. Choosing a higher deductible will help to lower your car insurance premium. Here’s a tip. Put the deductible amount in a small emergency fund. This way the money will be there should you need to make an auto insurance claim.

10. Maintain Your Insurance. You’ll pay higher insurance rates if you don’t maintain continuous coverage of your auto insurance. So stick with your insurance and save money on your premium.

11. Check for Discounts. Students, veterans and good drivers all may be eligible for discounts on car insurance. So reach out to your car insurance company and apply if you qualify.

12. Get Married. If you are married, you will pay less for car insurance. There is a correlation between being married and exhibiting safe driving behavior. Because of this, married drivers pay less for car insurance than singles.

13. Buy a Home. Are you a homeowner? Statistics show people who own their homes drive more safely. Because of this, they pay less money on their car insurance premiums. So be sure to let your car insurance company know if you own your home.

14. Choose A Safe Neighborhood. Live in a neighborhood with low car insurance claims, low auto theft and low crime and you will save money on your car insurance.

15. Build Up Your Credit Score. In most states, car insurance companies use consumer credit data to help determine auto insurance pricing for consumers. If you have a good or excellent credit score you will pay less for car insurance than someone with a poor credit score. So your good credit helps you in another good way, good prices on auto insurance. Need help building up a credit score? Get past due accounts current, pay down debt and avoid taking on new debt. All these things will help your credit score.

16. Keep Mileage Low. Keeping mileage low will help to lower your car insurance premium. So drive less and pay less on your auto insurance premium. Being a low-mileage driver is an easy way to save money on car insurance. Try it and you’ll see.

17. The Type of Car You Drive. Auto insurance premiums are based on the car’s price, the cost to repair it, its overall safety record and the likelihood that it will get stolen. Choosing an affordable car with a good safety record will get you a lower price on your car insurance.

18. Make Good Coverage Choices. It makes sense that the car insurance coverage choices that you make will affect the price. You want to be safe and have enough protection on your car, getting the minimum requirements from the state and then adding more coverage for the safety and protection of your family. Once you know the coverage that you want, choosing higher deductibles will help to lower your car insurance rates. An older car may be able to get by with less insurance such as dropping collision and comprehensive coverages because the car’s market value has dropped so low.

19. Choose A Car With A Good Safety Record. A car’s overall safety record is factored into a car’s insurance premium. So choosing a car with a good safety record will help to lower the price that you pay for your car insurance premium. Wondering where your car stands? Check out safety ratings from the Insurance Institute for Highway Safety.

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