Comparing auto insurance rates can help you save money on your premiums. Here's how:
>1. Shop with different companies. Different insurance companies use different formulas to calculate rates, and prices can vary significantly. Get quotes from at least three different companies to find the best rate. Also, remember to compare policies, not just prices, since some cheaper policies might provide fewer benefits.
>2. Consider your coverage. The coverage level and the amount of your deductible will affect the insurance premiums.
>3. Look at your discounts. Many insurance companies offer discounts for certain things, such as being a good driver, bundling your auto and home insurance, and having a car with safety features.
>4. Think about increasing your deductible. A higher deductible can lead to lower premiums, but it also means that you'll have to pay more if you file a claim.
>5. Take a defensive driving class. Insurers usually offer discounts for taking defensive driving courses.
>6. Consider usage-based insurance. This type of insurance offers a discount based on how much and how safely you drive.
>7. Get quotes for different deductibles. Generally, the higher the deductible, the lower your premiums. Just be sure you can afford to pay the deductible if you file a claim.
>8. Ask about special discounts. Some insurance companies offer discounts to military, seniors, students, and good students.
>9. Pay your premium in full. Many companies offer a discount for paying in full.
>10. Work with an insurance broker. An insurance broker can shop around for your quotes with different companies and help you find the best deal.
