14 Details That Will Help You Find Inexpensive Auto Insurance

There are many factors that go into your auto insurance rate. We can’t say it’s a simple formula that you can understand easily but it is not hard to bring your payments down. The first step to auto insurance savings is understanding how your rate is calculated.

There are 5 basic aspects companies look at when determining your rate:

  1. Your car. More “luxury” and bigger engines tend to come with higher insurance rates.
  2. Auto Insurance claims. Insurance companies believe that the more accidents you have, the more likely you are to have another one.
  3. Your driving record. If you abide by the law you’ll be fine. Speeding tickets and DUIs will make your rates jump.
  4. Usage. Work, pleasure or business? The more you drive, the more likely you’ll be in a car accident. Insurance agencies usually ask how much you’ll drive in a typical month.
  5. Your credit score. Insurance companies are now using your credit history when determining your insurance rate, Pay your bills on time.

Armed with this information, you can now work at reducing your rates by following our 9 money saving tips:

  1. Consider your deductible. Higher deductibles mean lower car insurance premiums. However, don’t accept a deductible you won’t be able to pay.
  2. Add safety features and anti-theft devices to your car and let your insurance broker know about them.
  3. Revise your car insurance policy and premiums every year. Rates vary and so do your needs. Revise your policy and changes insurers if there’s a better rate available..
  4. Reduce coverage. If your car is worth less than 10 times the premium, purchasing comprehensive coverage may not be cost-effective.
  5. Voluntarily taking a driver safety course may lower your rates. This is especially true in the case of young drivers.
  6. Shop around for car insurance. Your broker may only be affiliated with a few companies, which means you might find a cheaper rate by looking around by yourself.
  7. Check the Internet. Car insurance company websites post their best rates online. You can also take advantage of car insurance estimators available on the web and comparison shop for inexpensive auto insurance.
  8. Most insurance companies will give you a discount if you store your car in a garage overnight. Tell them you have a garage!
  9. Get quotes from all your local dealers online. BuyingAdvice.com connects with dealerships to get quotes from them to you easily. It will save your time and you can use competing quotes to make dealers compete with each other. Get started by clicking here and selecting your preferred vehicle.

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