5 Tips On How To Find Cheap Auto Car Insurance
If you are coming up on your auto insurance renewal, it may be time to start requesting insurance quotes to find cheap car insurance. Just because you are required by law to carry car insurance does not mean you are required to by high insurance premiums. There are some ways to save money and lower your monthly expense. Use the tips below and learn how to lower your premiums without lowering your liability limits.
Most insurance companies offer a multi-car discount for policyholders who own more than one vehicle. If you have more than one vehicle in your household and you are carrying two or more policies, save money by insuring your cars by the same company. Multi-car discounts can save you up to 30 percent off of your premiums.
If you own a home or you are renting a property, you could save money off of your property insurance and your auto insurance by carrying both policies with the same insurer. Insurance companies offer attractive discounts to individuals who carry more than one line of insurance with their company. Not only will you lower your auto insurance rates, but you can also lower your property insurance rates for additional overall savings.
Increase Your Deductibles
If you carry full coverage on your vehicles, consider increasing your deductibles. A policy deductible is the amount of responsibility you take on if your vehicle is damaged. The more risk you are willing to take on, the lower your premiums. When you raise your deductible set up an accident savings account and deposit the money you are saving in this account if you ever have to file a claim.
Driver Safety Training Programs
Some insurers offer discounts to drivers who participate in an acceptable driver safety training class. If you have tickets or young drivers on your plan, enroll in a fair program and save up to 15 percent for up to 3 years. Not only will you save money, but you will also brush up on your defensive driving skills to avoid accidents on the road.
Good Student Discounts
As you may know, young drivers increase your premiums because they are seen as a greater risk. If you have young drivers on your policy, encourage them to get good grades in high school and college and receive the Good Student Discount. Every insurer has different qualifications for this discount. Request transcripts regularly and keep this discount up to date.
When you start requesting auto car insurance quotes, some agents might recommend lowering your limits of liability to save money. Liability coverage is designed to protect your financial assets if you are involved in an at-fault accident. Do not compromise your protection just to save money. Follow the tips above and lower your premiums without lowering your liability. When you follow the tips above you can find cheap auto car insurance that will protect you and your family.