Cheap Car Insurance Rate

If you are searching for a cheap car insurance rate there are practical steps you can take to ensure the most affordable premiums. Understand that to get the least expensive coverage for your car, cheap insurance rate quotes come with a clean driving record. Having at-fault accidents and moving violations on your record is hazardous to your wallet, just as your driving might be hazardous to your health!
The second step to getting a cheap car insurance rate is to maintain a high deductible. The more of the cost you are willing to pay for repairs, the less money the insurance company will spend to fix your car; cheap insurance rate premiums will result. High deductibles are considered to be $500 or $1000, so when you choose one of those with your car insurance, cheap quotes will follow.

Thirdly, for low-cost car insurance, cheap quotes are given for older, less valuable vehicles. The newer the vehicle and the more it is worth, the higher the premiums you will pay. If you are concerned about saving money, and want a car cheap insurance rate, drive a vehicle at least 5 years old, and one that was in the lower half of the price spectrum to begin with.

The fourth step to a cheap car insurance rate is to insure all your cars, and your home, with the same company. All insurance companies have multiple vehicle or multiple policy discounts which will account for a substantial reduction in your rate.

There are a few more tips for getting the right car insurance, cheap quotes, and the best coverage. If you live in a high crime area, installing an anti-theft device to your vehicle will be rewarded with lower rates, and the device may pay for itself in a year or two. Next, look for discounts based on your membership in groups such as AAA, AARP, or others. These discounts won’t be very high, but will help a little bit. Also, your premiums will be less if you keep your mileage low, since insurance companies assume that the further you drive, the greater the risk of accident.

Finally, if you drive an older vehicle that isn’t worth much, consider removing collision coverage altogether, keeping only your liability coverage. This means, of course, that the insurance company will not pay anything to repair the vehicle, but will cover you only if you are sued for damages in the event of an accident. This will result in the most attractive cheap car insurance rate possible, but is not advisable if your vehicle is worth a substantial amount.

For any type of auto, car or truck, a cheap insurance quote is the result of many factors. The more factors you have working for you, the better your insurance rates will be. Get quotes from 2-4 different insurance companies, demonstrating these factors, and you’ll likely be rewarded with a very attractive and cheap car insurance rate.