Published On: Fri, May 17th, 2019

Ways to find cheapest car insurance companies

The car insurance industry is huge, and you have enormous options to choose the most affordable car insurance companies near you. The industry is highly competitive, and the car insurance companies go all out with offers to attract customers who often find it confusing to make a proper selection.  Comparing car insurance policies by matching apple to apple is not at all easy because the local car insurance companies structure their price in various ways that can be confusing to sort out.

photo/ Jan Vašek

Shop around for the cheapest deal

Never go by the claims of auto insurance companies and believe that they only offer the best rates. Anyone can offer rates that are best for you because what is best for others may not be best for you. The company that provides the best rates to you might charge higher for other clients because every policy is unique as also the requirements of clients. For getting the best deal, you must shop around because any insurance company that you might not have thought about earlier could spring a surprise by turning out to be the company of your choice that offers the best deal.  

Do not go by names of insurance companies

The biggest players in the auto insurance business might seem attractive due to their fame but might not be the right choice for you when you are shopping for the best rates. Although the big companies enjoy the lion’s share of the business, do not be carried away by it. Instead, you must look for the deal that best serves your interest in terms of price and coverage, and it should be surprising that some local auto insurance companies though smaller might be the right fit for you.

photo supplied, courtesy of guest blogging network

Mind your credit score

Auto insurance companies consider the credit score of its customers to work out the premium amount. Poor credit score can jack up premiums, and you must pay attention to paying bills on time especially for your debts.  Only a few states do not allow insurers to follow this method, but the majority of states have no restrictions on it. Insurance companies co-relate the chances of customers filing claims with their credit score, and you may have to pay extra hundreds of dollars every year for poor credit score.

Increased deductibles lower insurance cost

Comprehensive car insurance and collision insurance policies come with deductibles that have a direct relation to the premium.  Comprehensive covers pay for vehicle repair arising from vandalism, damage due to weather and natural calamities and car theft. Collision coverage pays for damages after an accident. By increasing the deductibles, you can keep the premium low.

Look for discounts

Discounts are available in plenty in the car insurance industry, and you must be aware of the instances when you can qualify for it. If you take a policy for more than one car, you get some discount just as you would be eligible for a discount by bundling your car insurance policy with some other insurance policy like homeowner’s insurance.

Having a clean record also makes you eligible for a discount.

Author: Charlie Brown

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