Once you start to add up all the associated costs, your car can quickly become one of the most expensive assets in your life. But a lot of these costs can be avoided without having to put in that much effort. Insurance is one of the most expensive costs associated with a car, but there are also plenty of easy ways for savvy shoppers to trim down that cost. Follow these simple tips to keep your insurance cheap without having to sacrifice quality.
Shop Around
After deciding that you need auto insurance, one of the biggest mistakes you could make is going with the first company that you speak with. You could pay astronomical amounts for something that you could get cheaper with a different provider. There are different methods to shop around that don’t necessarily mean that you have to call an agent which will be covered later in this article.
Compare Insurances Costs for Different Vehicles
Shopping for a new vehicle is a fun and exciting experience that you will remember for the rest of your life if you go about it the right way. But you should make sure you aren’t going to end up paying more for insurance for a lack of knowledge. Be sure to compare what it would cost to insure your potential vehicle while you are shopping around for different models. Some factors come into play when it comes to insurance that you need to keep in mind. For example, luxury model vehicles will cost a little more to insure. The number of doors on a specific vehicle could also play a part in the total cost of insurance.
Pay a Higher Deductible
Another way to save money on insurance is by asking for higher deductibles on your policy. By increasing your deductible to $1,000 you could potentially save 40 percent or more on the total cost. However, that could be a tricky scenario if you need to pay for the deductible. It is recommended that you set that money aside and save it for a rainy day if you happen to need it.
Raise Your Credit Score
Sometimes it can be easy to neglect your credit score, but having a good one could save you money on car insurance. It can take people years to build their credit in ways that will benefit them financially, so don’t fret if you have a lower score. Be sure to do your research and consolidate your debt if need be so you could reap the benefits financially down the line. Credit Karma is a good resource that will give you a good idea of your approximate credit score.
Try Squeeze
You could also use free services where you could acquire different quotes from different companies. Squeeze is one of the best resources around that will give you a general ballpark idea as to where you could find the lowest insurance quotes. Squeeze strives on finding the lowest quotes around so you could use your hard-earned money on things that you need instead of overpaying for a basic service.
Using Squeeze is very simple and takes no time at all. So there is no reason why you shouldn’t check it out. The way it works is you will provide very basic information from prompted questions. Once you provide your answers and hit “search” the site will single out companies that provide the best deal for the coverage that you require. After finding the deal that suits you, Squeeze never stops shopping around for cheaper deals. They will inform you if different companies provide the same, basic service at a lower cost.
Shopping for insurance came to seem overwhelming if you do not know what to look for which is why you should have a game plan before you begin the process. Most importantly, be patient with yourself because you will eventually find the deal that is right for you.