Easy Ways to Lower Your Car Insurance Bills
Posted by David Schneider | July 17, 2007

If you have a car, you need to have car insurance. That’s just the way it is. And car insurance can be expensive. Most people feel they are paying too much for car insurance and would love to cut those payments down. If you are one of them, here are some ideas on how to start paying lower car insurance bills ASAP.

Drive Defensively

Being a safe driver may not lower your current payment, but it may prevent them from getting any higher. If you choose to switch car insurance companies and you don’t have a brand new speeding ticket or accident on your record, it will be a lot easier to get something close to the rate you are looking for.

Buy a More Insurable Car

Nicer, newer, pricier cars usually cost more to insure. Of course, you should buy the car you want, but it never hurts to ask the dealer what kind of rates particular cars demand. That way, if you’re choosing between a few cars and you know one will get you a better insurance rate, your decision will be that much easier.

Decide How Much Insurance You Need

If your car is getting up there in years, you may end up paying more in collision and comprehensive than the car is worth. If this is the case, you may want to stick with liability and save yourself a considerable amount in premiums.

Deductible

You can often get a better rate if you accept higher deductibles. If you’re given the option of a higher deductible for a lower rate, compare and do the math. Since you’re paying the premium every month, that higher deductible may pay for itself pretty quickly.

Credit Score

Whether it’s home insurance, car insurance, a mortgage loan or a car loan, or for that matter, any other time of insurance or loan, the credit score is the universal standard. Car insurers may not use your credit score as the primary determinant of your premium, but in most cases, you can be sure they’ll consider it. Make your loan and insurance payments on time and make sure to keep that credit score as high as you can.

Compare

When all is said and done, you won’t know if you’re getting the best rate you can unless you do a few comparisons between some of the various auto insurance companies that are out there. When you make sure auto insurance companies are competing with each other for your business, you increase your likelihood of getting a great rate. Thanks to the Internet, finding multiple quotes couldn’t be easier. Just put the necessary information, such as the type of car you are looking to insure, the types of insurance you need and the relevant personal data, and you’ll be on your way to receiving multiple rate quotes to help you make your decision. It’s quick, easy, and one of the best ways to get a great rate on auto insurance and lower those monthly bills.