Auto insurance rates can be very different from one state to the next and even within the same state. The cost of an annual policy for the same person can change by as much as $700. Agents are not required by law to tell potential customers about discounts that might apply to their insurance. There are, however, things the customer can do that may lower the price of auto insurance.
More expensive premiums
The quickest and easiest way to get a lower insurance rate is...
Auto insurance rates can be very different from one state to the next and even within the same state. The cost of an annual policy for the same person can change by as much as $700. Agents are not required by law to tell potential customers about discounts that might apply to their insurance. There are, however, things the customer can do that may lower the price of auto insurance.
More expensive premiums
Raising your premium is the quickest and easiest way to lower your insurance costs. If you have a $1000 or even a $1500 deductible, your premiums can go down by 15% to 20%. If you choose this option, you might want to put the money you saved the first year into an account that will be used to pay the deductible if you get into an accident.
Investigate auto records
Even if you have a perfect driving record, the model of car you drive can also affect how much you pay for insurance. Insurance companies make detailed reports about how cars react in accidents and how popular certain cars are with thieves. Cars that don't do well in crash tests or that are often stolen cost more to insure. Use an auto buyer's guide to compare the crash test and theft ratings of different cars when you want to buy a new one.
Use the same company for insurance.
If you have more than one car, you should get insurance from the same company for all of them. Almost all insurance companies offer discounts for having more than one car. Many companies will give you more discounts if you buy other things from them, like home insurance or life insurance.
The best way to check prices, coverage, and save money is to get several quotes and compare them.
And don't forget that driving safely is the best way to get your car insurance rates down.
Quotes from multiple insurance companies can be found at the sites we suggest. We did the research for you so you don't have to.
