12 Best Car Insurance Companies of 2022 (With Fees)
Although many factors affect the price of your car insurance policy, there are steps you can take to ensure you get the cheapest car insurance.
When figuring out how to get cheap car insurance, you need to get car insurance quotes from a number of providers and compare your quotes to make sure you’re paying the best price for coverage.
Your auto insurance costs can be significantly reduced when you qualify for several discounts, which vary by state and insurer. Common offers are good student discounts, accident-free discounts, multi-policy discounts, safe driving discounts, and savings for cars with safety features.
While the big car insurance companies promise you low rates, you can often find cheaper car insurance prices when you choose a local or regional provider. Figuring out how to get cheaper auto insurance is often as simple as researching more providers.
Once you’ve chosen an auto insurance policy, don’t lock yourself in. You have tons of insurance options even after committing to a provider. Auto insurance rates change often so businesses can stay competitive and attract new customers. It may be a good idea to review your policy each time you renew, whether it’s every six months or every year.
You can lower your monthly premium by changing the coverage you have and getting rid of coverage you may not need. You might be tempted to add optional coverage, but sticking with auto liability insurance can lower your rates significantly.
Just like adjusting your coverage amounts, changing your auto insurance deductible can affect your monthly insurance premiums and help you save money. If you increase your deductible from $500 to $1,000, you may see a lower monthly payment.
Another option for getting cheaper auto insurance is to consider trying a usage-based discount. If you drive fewer miles than the carrier’s limit, you may get a deduction for your insurance rate. This can be advantageous if you are driving less than 10,000 miles per year.
An often overlooked step in getting cheap auto insurance is credit rating. Having good credit is a crucial factor in determining your auto insurance premium in most states. To take advantage of these benefits, pay your bills on time and reduce your debts. Pay off credit cards and car payments to keep your credit balances low.
One of the best ways to get affordable rates on auto insurance is to maintain a clean driving record. Safe drivers prove to car insurance companies that they are not at high risk of having accidents. This means that they will generally be cheaper to insure.
When looking for how to get cheap auto insurance, keep your options open. Compare three or more insurers to get a more accurate, and sometimes lower, premium. For more details, see our full article on how to get cheap car insurance.