Four Tips for Getting Cheap Auto Insurance

Whether you are getting a new (or new-to-you) car or you are just looking for ways to minimize your monthly bills, you may want to consider how you can have the best possible auto insurance without breaking the bank. It is possible to have a solid insurance policy without paying an arm and a leg for the coverage. Keep reading to learn four ways to get cheap auto insurance rates.

1. Comparison Shop

Some people just want to stick to one company, but you should take the time to shop between insurers. In fact, the easiest way to comparison shop is to speak to an independent insurance agent that does business with multiple insurance companies. This will allow you to get multiple insurance quotes in one fell swoop without having to visit multiple agencies yourself.

2. Move to an Area with a Low Crime Rate

When an insurance company determines your premiums, your home address is used. Many people do not realize that where they live has a direct impact on the amount that they are paying for their auto insurance. If you live in a wealthy area, there is less risk that your vehicle will be broken into, stolen, or damaged because the properties might have higher security. Areas that have little to no security might see more risk, and it will show up in higher insurance premiums. 

3. Increase Your Deductible

The deductible is what you will pay if an accident occurs before the insurance company will actually pay your insurance claim. The deductible plays a huge role in determining the premiums of your insurance. Ultimately, the larger of a deductible that you have, the lower your insurance rates will be on a monthly basis.

Some people don't realize it, but it is entirely possible to increase your deductible in order to have a lower monthly premium. This is great for individuals who have clean driving records. However, just keep in mind that you will need to pay this deductible amount before a claim is paid out, as you never know what can happen or when. Therefore, you will want to keep it within your budget.

4. Improve Your Credit Score

There are a lot of individuals out there that don't realize that their credit score can impact their insurance rates. So, if you are looking to reduce the amount that you pay for your auto insurance, start repairing your credit, as it could essentially be costing you hundreds or thousands of dollars each year.

If you would like to learn more about how to obtain cheap car insurance or would like to obtain a quote, contact an insurance agency company like Illinois Insurance Center Inc.

Share