Eight Ways to Lower Car Insurance Cost

Written by albertreza

Like most things, you can bargain your way to a lower car insurance premium.

If you feel like your car insurance is dragging your budget down, maybe it’s time you do something about it. Check out our ultimate guide to getting car insurance with lower insurance premiums.

  1. Opt out of car insurance auto-renewal

It is tempting to let auto insurance companies take care of your coverage ever year automatically. After all, who doesn’t want a convenient arrangement with his insurance provider? Unfortunately, locking yourself in car insurance auto-renewal will mean that you can miss out some great deals from other insurers. Ask your insurance provider if your insurance policy is automatically renewed—and get out of that deal.

  1. Shop ahead of your policy’s expiration

Procrastination may work when you’re in a pinch at work, but this doesn’t work to your advantage when you’re shopping for car insurance. If you try to look for a better insurance provider for your precious vehicle too late, you might incur penalties if your coverage lapses and you have nothing to replace it. Try to look for another car insurance provider at least one month before your coverage expires. It pays to have some sort of breathing room.

  1. Get a cheaper car

The basic law of insurance pricing is this: the cheaper the value of your car is, the cheaper your car insurance premium will be. If you think you’re spending to much on vehicle maintenance and insurance, it’s time to maybe put that car up for sale and get a smaller, cheaper vehicle that will suit your needs more.

  1. Remove unneeded addons

If your car insurance provider is selling you inclusions like acts of nature—even if there are low risks of your car getting totaled by severe environmental events—you may end up paying more than what is necessary. You can just opt for the most basic comprehensive insurance coverage if you want. The trick here is to study if such additional covers will benefit you in the long run.

  1. Invest in car security measures

In this day and age, everyone can now make their vehicles virtually theft-proof. From consumer grade car locators to remote immobilizers, they can help you keep your car in your possession while avoiding shelling out deductibles for incidents like theft and damage. Now that’s killing two birds with one stone.

  1. Pay in full (and in cash)

To make car insurance payments more amenable, some insurance companies offer flexible payment terms. But it’s still cheaper to buy anything in full. In addition, insurers also encourage their clients to pay for their auto insurance coverage in cash by offering whopping discounts. Take advantage of these and you can see maximum savings to your payments.

  1. Check the freebies and services included

If you shop around for vehicle insurance coverage, be sure to check the perks and freebies like towing, anti-theft glass etching, parts and accessories discounts. You’re getting a better deal than shelling out your own money for those.

  1. Compare car insurance costs

It pays to weigh which insurers offer the best car insurance package for you. If you shop around instead of settling for the first company you come across, chances are you can make sound choices for your insurance coverage. One easy way to do so is to use a comparison website to find the best affordable car insurance quotes.

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