If you own a car, insurance is a must-have protection—for you and those around you. In fact, if you own a vehicle in any state except New Hampshire, you’re required to purchase car insurance before you can operate your vehicle.
Although you’re required to buy car insurance, you’ve got options on what you spend. To help you, we’ve put together a list of strategies for finding cheaper car insurance.
There are many car insurance discounts available to help you save money on your policy. Be sure to ask your insurance provider what types they offer. These could include:
Did you know there are varying factors insurance companies use when determining your car insurance costs? Here are some considerations:
These are just a few factors that can influence the cost of your policy. Be sure to talk with an agent to see what else you should know.
Car insurance rates can vary across insurance carriers for comparable coverage. It’s important to get multiple quotes so you can find affordable coverage for your unique situation. As mentioned, where you live plays a part in your costs, so the carrier with the lowest rates in one state could be the most expensive in another. Bottom line—do your research.
Instead of a six-month term, go with a term that covers you for one or more years. The longer your policy, the longer your initial rate is locked in. Since carriers typically adjust your rate on renewal, long-term coverage typically produces greater overall savings.
In addition to age, location, and the type of car you drive, your driving record is one of the biggest factors in determining how much you’ll pay for car insurance. If you have a history of being involved in accidents, getting speeding tickets, or committing other violations, your insurance may be more expensive. Improving your driving record is a great way to yield savings.
A nonowner insurance policy is a cheap alternative to a regular car insurance policy. Nonowner car insurance covers those who don’t own a car or have regular access to a car, but may occasionally drive. The cost of this type of policy depends on factors like your driving history and how much coverage you’d like. Nonowner policies usually don’t carry a deductible and often have coverage limits. If you think this is a good option for you, learn more about the basics of a nonowner policy here.
While price is a key factor in selecting car insurance, service, reliability, and a carrier who cares for you are equally as important. Talk with a Dairyland agent today to discover your options.
If you’re looking for advice and tips on how to budget for car insurance, we’ve got it here.