You’ve probably noticed that some people get lower car insurance quotes than you though they seem to have the same situation than yours.
Here are 16 things you can do to lower your car insurance quotes.
1. Shop Around
This is such a common-sense one that it shouldn’t be here. But life is hectic, makes people skip it or not do it well. What one company considers high risk another one deems to be a medium risk. The difference in price can be significant.
Each company asks you the same questions about your driving habits and where you live. But different companies can have a different take on every single answer you give. And that’s why you shop around. Just make sure that all car insurance quotes you get are for the very same coverage.
2. Buy a Lower Risk Car
Insurance companies take your car into account when you get car insurance quotes. Makes sense. They group cars by risk. There are 20 different groups. Generally speaking, the lower the risk they assign your car group (i.e., the higher the rating), the lower the car insurance quotes you’re going to get.
Some car models are stolen more often than others, some have worse accident ratings than others, some are involved in more accidents than others (you’re a lot less likely to drag race a Dodge Caravan than a Mustang).
3. Consider Getting Only the Minimum Coverage Required By Law
The minimum coverage the law requires you to have is the cheapest. If you have an old car with little value left in it, you should get the insurance that covers the other car, people, not your old clunker. If the value of your car is less than what it would cost you to cover it for one year, should you cover it?
4. Keep Your Credit Scores High
An insurance guy I know assures me that there’s a close correlation between credit scores and the chances you’ll file a claim. That’s why, he says, insurance companies rely these days on credit scores to figure out what kind of a risk you are.
Whether you agree with him or not, know that, indeed, the lower your credit scores, the higher the car insurance quotes you’ll hear.
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