Cheap Car Insurance: Five Tips You Need to Know
If you’re paying too much for car insurance – or suspect you are – you’re not alone. The reality is that many companies offer cheap car insurance, but unless you’re in the know, you may get stuck with a higher rate. Here are five discounts for cheap car insurance that will help you lower your premiums.
Submit a Detailed Application
Insurance is all about risk. Insurance companies want the lower risk exposure possible. The more the auto insurance company knows about you, the better able they are to determine your risk profile. A lower risk profile means lower auto insurance premiums. By all means use a website that allows you to request multiple car insurance quotes at the same time – but once you get a response from the insurance companies, request a detailed application so you can get a more personalized auto insurance quote.
Drive Fewer Miles
The fewer miles you drive, the lower is your risk of getting into a car accident, and insurance companies love people who avoid accidents. When you request auto insurance quotes, ask the agent about low mileage discounts to figure out if you qualify. Generally, if you drive fewer than 10,000 miles a year, you probably qualify for cheap car insurance with a low mileage discount.
Get As and Bs
Good grades mean less expensive auto insurance. If you’re a student – or you have a student on your insurance policy – get on the honor roll. The insurance companies figure that a student who is responsible enough to attend classes, study and get good grades is probably also a responsible driver. Or, more to the point, they have data that shows high school and college students who get good grades are less likely to file claims against their carriers. Lower risk to the auto insurance company means cheap insurance for you.
Insurance Company Monitors
A number of car insurance companies are trying out a pilot program that includes a driving monitor in your car. You install a monitor that tracks your speed and driving habits and transmits the information to the insurance company. In return, you get cheaper insurance premiums. While some people feel that monitors reek of Big Brother, others consider it a fair tradeoff for cheap insurance.
Double Up on Policies
If your carrier offers multiple insurance products, you can probably qualify for cheap car insurance premiums by purchasing your car, home and life insurance from the same company. Bundling discounts are a popular way to get cheaper auto insurance premiums.
Bonus: Stack Your Discounts
Check with your car insurance company to find out about any discounts to which you may be entitled – and make sure you use them all. You may qualify for good driver discounts, no-claims discounts, multiple car discounts, multiple policy discounts, low mileage discounts – the list goes on and on. Don’t miss out on bargains because you don’t know about one of the discounts offered by your insurer. Do your research, ask questions and reap the benefits of cheap car insurance rates.
Chris Robertson is an author of Majon International, one of the world’s MOST popular internet marketing companies on the web.
Learn more about Cheap Car Insurance
Processing your request, Please wait....
