Today, most of us tend to be constantly on the look out for ways to stretch our dollars. Cutting costs, especially on recurring expenses, can really help people on tight family budgets. One expense everyone who owns a car must pay for is car insurance. Fortunately, there are ways to save money on car insurance when buying it online. Here are three helpful tips to help you save money when buying car insurance online:
Shop And Compare Car Insurance Quotes
Using a car insurance quote site is the ideal way to save money on insurance. On these sites, you can receive three or more free online insurance quotes and then choose the best quote and insurance coverage that meets your individual needs. Shopping and comparing online is a hassle free, no sales pressure way get the best value for your money. There are insurance companies that provide a discount if you purchase a policy online. Also, you may want to consider Usage-Based Insurance (UBI) which are programs that can save you money if your driving habits meet the insurer’s view of ‘good driving.’ A telematics device is normally plugged in under the steering wheel. This device will record such data as how much you drive, when you drive, and whether you brake hard. Discounts are then applied to your next car insurance policy term.
If you are able to pay higher out-of-pocket cost in the event you have to make an insurance claim, choose a higher deductible as it will result in lower insurance premiums. If you have an older car, avoid Collision coverage. This type of coverage protects damage to your car, but if your car is not worth much, such as $2,000 or less, it is not worth spending the extra money to have Collision. Insuring more than one car under the same insurer and bundling insurance policies can help you save on your car insurance.
Available Car Insurance Discounts
Insurance companies will offer a variety of additional car insurance savings in the form of discounts. For example, there are discounts available for teens who have good grades as well as discounts for teens who have completed an approved drivers’ education course. There are discounts available for people over the age of 50 or 55, and for people who belong to business groups. many people will install security and safety devices such as an anti-theft device and GPS Tracking in their car to get a discount. There are even low mileage discounts and fuel efficient car discounts available. In addition, many states permit credit history to be considered when calculating rates so maintaining a good credit rating will help to lower your premiums. This is because data collected from insurance companies have shown that people with a good credit history make fewer claims.
All of us love to save money, especially when buying car insurance. Thanks to online insurance quote sites and easy ways to lower your insurance premiums, you can get a good deal without sacrificing insurance coverage.