#car insurance price
How to Get the Best Price for Auto Insurance
Many variables comprise your auto insurance premium. These include vehicle type, your driving record and your state’s insurance rules. You can get the best price for your auto insurance if you know what questions to ask your insurance company. For example, does your auto insurance company offer discounts if you have been accident-free for three years or more? In addition to asking this question, you can take other steps to get the best price for your auto insurance.
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Shop around for the lowest auto insurance rates. Since auto insurance rates can vary among insurance companies, get at least three quotes from financially stable companies.
Request higher deductibles. Higher deductibles typically mean lower costs. According to Insurance Information Institute, increasing your deductible from $200 to $500 could reduce your collision and comprehensive coverage cost by 15 percent to 30 percent.
Keep good credit. Many insurance companies use credit to determine your auto insurance rate. “It is a fact that drivers with long, stable credit records have fewer accidents than drivers who don’t,” says Insurance Information Institute.
Ask the auto insurance company about discounts that they offer. These may include defensive driving courses, anti-theft devices, air bags, good student and customer loyalty discounts.
Drop full coverage on older vehicles. Use the Kelley Blue Book to determine your auto’s value. Then decide if it is cost-effective to lower coverage on that vehicle.
Compare auto insurance rates before you purchase a car. Part of your auto insurance premium is determined by the type of vehicle you choose to insure. Auto insurers consider the vehicle’s price, repair costs, safety record and theft risk.
Bundle your auto and home insurance together. Some auto insurers give multi-policy discounts that may further lower your auto premiums.