In this article, we’re gonna discuss the top eleven ways to get Cheap Car Insurance and what you can do immediately to lower your costs. Yes, we are going to be discussing the discounts that you can apply to your Cheap Car Insurance.

And for those of you that do want to stay till the end of the article for Cheap Car Insurance, I’m gonna go give you an added bonus, and I’m going to go through the top 15 discounts that you can save extra money with through your Cheap Car Insurance. If you guys get really good value out of this. Definitely share it with a friend that you think could use the advice that I’m giving today.

The whole goal of this article is to make you smarter about your Cheap Car Insurance so you can make more informed decisions, and get better coverage, but ultimately save money by getting Cheap Car Insurance. What I’m going to do is I’m going to go through my notes here that I’ve written. I’ve got three pages of notes to give you guys the best advice on Cheap Car Insurance. We’re going to try to cram it all in about ten minutes, so grab a pen and paper if you’re writing this down. Don’t worry if you don’t get all this information. You can always reread the article.

Don’t Assume That Any One Company Is The Cheapest For Cheap Car Insurance

The number one to get Cheap Car Insurance is don’t assume that any one company is the cheapest. And what I mean by that is, for drivers with good credit, the difference between the worst and the best insurance is about $100 a month. A driver with poor credit does the same thing. It’s even more so it can make a difference between the best and worst for Cheap Car Insurance.

The person paying for that coverage of Cheap Car Insurance with that company can be $200 a month. Don’t assume Progressive is the cheapest, because in your situation they might be the cheapest. But for someone that has perfect credit and has a house and all that other stuff, they may be $200 more a month for that situation. It’s very situational and can be different in different states. What I mean is, the difference between the company that might be the cheapest in Michigan may be the highest in Florida. Don’t just base it on one specific company for Cheap Car Insurance.

Don’t Ignore Your Local Or Regional Insurance Companies

Tip number two for Cheap Car Insurance is don’t ignore your local or regional insurance companies. I’m a perfect example of this. I actually work for a local company. We’re considered if you were to look us up, you would find us as local.

But we work with 21 odd states. We sell to 17 different companies in 21 states. That’s a small company with a huge reach. Whatever your situation is, don’t just rely on Allstate or State Farm, where they can only sell you Allstate or State Farm for those same reasons. They might be cheap in one area, but not in the other.

It’s always good to talk to a local agent that can look at multiple companies for you and determine what’s the best fit for your Cheap Car Insurance.

Your Credit

Number three for Cheap Car Insurance is your credit. It plays a very, very large factor. There are states like Hawaii, California, and Massachusetts. They don’t allow you to charge differently for credit. But in the majority of things they’ve been able to articulate that credit does play a factor in claims and history.

One way you can improve your ability to make your loan payments on time is by learning how to manage your money better. Keep credit card balances low or near half limit. My dad actually was a CPA, so I kind of grew up in the credit world. Having credit cards that are close to that half limit or lower. Personal opinion, don’t use them at all.

It’ll hurt your credit, but it’s still worth it in the end. I don’t think it’s a good idea to use credit checks or loans to open accounts. Limit the amount of credit you have available. Those are just some of the ways that you can improve your credit score, which improves what’s called an insurance score, which is kind of a fancy word for credit.

Consider Insurance Cost

Tip number four for Cheap Car Insurance considers insurance cost when you’re purchasing a vehicle. That’s the number one thing I see people miss when they’re purchasing a vehicle. They never think, how much is the insurance going to be on this? I’ve had people actually have to return the car because the cost of the insurance was as much as the car loan, and they just couldn’t afford it. So make sure that you get the difference in price.

The Volkswagens versus the infinities is a big price difference. A station wagon or a van, which is considered a station wagon, is different than driving an actor, which is considered a performance car. When you’re looking at the car, grab a couple of Vins. That’s the best way to do it. Call your insurance agent and have them plug it into their system and give you an idea of what price difference you’re going to be looking at in your car insurance. It can be $100 a month more for just a different car. Make sure you’re mindful of that.

Check For Discounts

Tip number five for Cheap Car Insurance is to check for discounts if you can qualify for a homeownership discount, which most states allow. When you’re married, you usually get a better price. If you don’t have kids, you’re getting a little bit better, but you’re not getting charged more.

If you have multiple cars, you can do multiple car discounts if you’re going to your parents. If you’re young, there are a lot of different discounts that you can qualify for, even being part of credit unions and banks and ARP and all those different things that you can apply for. There are tons of discounts. Now, remember, at the end of the article I am going to go through and I’m going to list the top 15 discounts. Also, if you are interested, That does go over the top ten or 15 discounts in car insurance as well.

Comprehensive And Collision

Number six for Cheap Car Insurance, If you have a clunker car, it might not be worth it to have comp and collision on that cuts comprehensive collision. The calculation I personally came up with is figure four years. If you add up the cost that you’re paying, if you look at your policy, it’ll say comprehensive, there will be a price that you’re paying.

It’ll say collision, there will be a price that you’re paying. Now what you do is add those up, and multiply that by four. So four years, just assume we have no claims, no tickets, no accidents, no nothing, right? And we paid that amount for four years. Assuming the price never changed, is that worth more or less than the value of your car? If your car is worth less than that, then it’s probably a good idea to remove that coverage altogether.

Deductibles

And that leads to tip number seven for Cheap Car Insurance. And that raises your deductibles. If you are paying too much and the price is just getting outrageous, it may be worth it to put a higher deductible on your policy. If you look at that same line where you’re looking at how much you’re paying for comprehensive and collision, what would it be if you did a $500 hundred dollars, $1,000, or $1,500 deductible?

If you have a really high-end car, you can go $2,500 if you want, but typically it doesn’t make a big price difference past that 1000 or $1,500 mark. If it does make sense, make sure that you put enough money away. So if I have a $1,000 deductible, set up a savings account. Try to get $1,000 in there.

Maybe you pay $20 a month, $100 a month, whatever it takes. But try to get that $1,000 in that account. That way in the case of an emergency, you’re not going to have to come out of pocket. It’s already saved up and it’s ready to go. And then you just continuously save that extra cost that you were paying in your insurance every year.

Usage Based Insurance

Tip number eight for Cheap Car Insurance, consider usage-based insurance. This is very good for those that don’t drive a lot. They are usage-based insurance. They don’t do them in all the states.

But there are also companies like AAA. They often offer discounts to people who use their cars less.. They offer AAA drive Progressive offers Snapshot. Safeco or Citizens offers a system where you can get a discount. It’s 10 to 25% off. If you are a good driver, the company will keep track of your driving.

Most of them don’t share your information. I don’t think any of the approaches mentioned in this article can guarantee that a project won’t have any risks. But you could ask, they have to disclose that stuff. If they get caught. They are going to lose a lot of money if they’re disclosing that information. You got to trust them at some point.

Location Matters

Tip number nine for Cheap Car Insurance. So location, where you live, makes a difference. If someone is moving, they should call their insurance company and find out what the prices are. This will help them make sure that they are not overpaying for the moving service. We changed the address in their system, and they’re now paying ten to $20 a month or more.

They weren’t too happy, but you can’t control that. What they do each company rates a location and take all the insured that they have in that location and they calculate what’s the cost or what’s the average of somebody having a claim there.

Driving Records

Tip number ten for Cheap Car Insurance. Driving records, driving history. Oh, my goodness, I feel sorry. You can’t control them all. So there are states that count not-at-fault claims against you. Most states or a lot of states count partial claims. So if you’re 50% at fault and 50% not at fault, your insurance is going to pay part of that, and you will have a rate increase. Now what you want to do is make sure that you’re not just filing claims to file claims, because if you file a claim that’s putting you in a different pool, so to speak or a different risk.

Sometimes if you have a chip on the windshield and it’s only 20, $25 to get it repaired, it might be worth it to out pocket that cost if your state charges comprehensive claims against you. Well, Mark, what the crap do I buy insurance for? That’s the reason, it is but it’s a pool of people. Everybody’s sharing the risk.

When you have that claim that at fault, accident, and boom, it pops you up. And so now you’re a higher risk in this pool of people. So the price that you pay is going to be contributed to the amount of risk that you’re adding to the group.

The Amount You Pay

Tip number eleven for Cheap Car Insurance is going to be the amount you pay. So if you pay more upfront and I’ll explain what I mean, you’re going to get a better deal.

If you pay monthly, that’s fine. If you’re using a credit card, you’re going to have to pay a fee. If you’re on an EFT, electronic funds transfer comes right out of your savings or your checking account, they’re usually going to waive that fee if you pay quarterly. Not all, but a lot of companies will give you a discount. If you pay six monthly, it’s less.

If you pay every year, it’s even less. I’ve got a company that I work with that knocks off almost 200, 300. I’ve seen them knock off close to $400 a year if they’re willing to just pay the whole thing in full. It’s kind of like investing. You’re not getting money back from the stock market because you’re not paying more for the insurance. When you’re paying monthly, you’re paying an extra cost. There are fees involved with that.

Congratulations. You guys made it to the end. We are going to go through the 15 discounts right now. So we’ve already gone over the top eleven discounts, and we’re going to add the additional ones to this.

Group Discounts

The other discounts that we’re missing on Cheap Car Insurance are group discounts as I mentioned earlier. Are you part of a credit union? The biggest one is, are you part of the military, or have you been part of the military? That’s huge. Are you an engineer?

Engineers get big discounts. Teachers get big discounts. If you don’t talk to your insurance person about that, make sure you do. Now, have you graduated college? Alumni, usually get a discount.

Are you part of a motorcycle club? For any club that you’re part of, look at ARP as one of those discounts. If you’re 50 or older, you can get a discount from many different companies. I know Nationwide gives a huge discount for it. Liberty Mutual gives discounts for different things, and there are just tons of them.

So it’s just what you’re attached to. Take a defensive driving course, check with your agent. Make sure they offer this. But most states offer a discount for taking a defensive driving course. It’s usually an online course, so you don’t have to do much for it.

Pay in full for Cheap Car Insurance. We mentioned that earlier. Security system. Having an alarm system, there are a couple of versions that will give you a discount on that as well. Not just a security alarm system, but also an anti-theft, but a vehicle recovery system.

You can track the car. Where did it go? Your occupation actually plays a part in most insurance companies, whether you’re a construction worker or a businessman at a bank. One thing you want to think of is whether there are other words you can use for Cheap Car Insurance. When I used to work at a large company, it was just mind-boggling.

If you were a professor versus a teacher, the professor was like 10% higher than the teacher. I don’t get it because you can call yourself a teacher or a professor. So kind of play with the thoughts of that. Anyways, guys, I hope this was helpful.

Share with anyone that you think can get good advice from this.