Auto insurance is legally required for you to drive, so you should definitely have it. If can be a total pain to figure out which auto insurance policy is best for your particular situation. Here are several tips to help you get the protection that you deserve at a good price.
The notion that car insurance premiums drop instantly when a driver reaches age 25 is a common misconception. Insurance starts going down at around 18, depending on their track record.
When selecting your insurance policy, be sure to get quotes from several different agencies. There is a drastically large variation of rates in the world of auto insurance. To make sure that you are getting the best deal, get quotes at least once a year. Being sure that the coverage is the same between the quotes that you are comparing.
As you shop for auto insurance, remember that your coverage may only apply to the driver named on the policy itself. Normal insurance policies are unlikely to pay out if someone other than the policy-holder was driving at the time of an accident. You would have to pay more to cover other drivers using your car.
Spreading your car insurance payments into monthly allotments is not a great idea. A monthly payment plan may cost you as much as five dollars a month above what you would pay with less-frequent payments. The extra money you spend could easily add up. With everything else you pay, this can become a strain. Pay off your car insurance in as few payments as possible to avoid incurring unnecessary fees.
Trade in your sports car for something more insurance friendly. Although fast and furious sports cars are impressive, they also cost a premium to insure. Pick a small, less flashy, economical car. Those with high performance engines will be expensive to cover because they are involved in more accidents. Sports cars are also more likely to be stolen, so they cost more to insure.
Raise your deductible to save money on your premium. You should then put some money aside to pay your deductibles in case you get in an accident. A higher deductible will pay off in the form of a lower premium.
If you plan on moving soon, look into how your new home will affect your insurance rates. Insurance rates can vary among geographic areas, and are affected by local crime rates. Suburbs and rural areas tend to have lower insurance rates than major metropolitan areas.
Bundling your insurance needs can give you big discounts. Try to take part in these offers and get a policy for your house and your vehicle in one. Ensure you are paying an affordable rate for good coverage as sometimes two sets of insurance is the better option.
Never drive without car insurance! Auto insurance can save you a lot of money in the event of an accident. You should use the tips stated above to find the auto insurance that fits you best.