Q: I need to cut down on my auto insurance costs for a family of three, with one teen driver. Any tips or advice on how to get cheaper auto insurance, or which car insurance companies offer the best deals?
A: Car insurance rates are heavily based upon driving record, so for individuals who have a poor driving record, getting cheaper auto insurance rates will likely be difficult. However, for drivers who have a good driving record, there are some steps you can take to help get cheaper auto insurance, or at least make certain you are getting the best deal possible on your auto insurance.
First, the best way to get cheaper auto insurance is to compare auto insurance quotes. Do not simply purchase a policy from the first company you find, because auto insurance rates can be different from one car insurance provider to the next.
Second, take advantage of auto insurance discounts. Auto insurance discounts can be applied for a variety of different reasons including: a good student discount (for high school and college drivers), no accident discounts (for remaining accident and claim free for a period of time), multi-policy discounts (for having more than one insurance policy with the same company), and more. Utilizing auto insurance discounts, and stacking as many discounts as you can may help you get cheaper auto insurance.
Third, try something new. For example, if you are someone who does not drive very often or very far, consider trying a program such as Progressive’s Snapshot Program, or another Pay As You Drive Program. These types of car insurance programs record how much you drive, and how well you drive, and adjust your car insurance rates accordingly.
Lastly, review your auto insurance policy. Individuals should be conducting an annual review of their car insurance policies to make certain they are not paying for coverages they may no longer need, and/or to help make certain their car insurance provider is still offering competitive prices compared to other insurance providers. When conducting a review of your auto insurance policy, you may be able to get cheaper auto insurance by lowering your limits to the state required levels, or by removing coverages you no longer need.