Car insurance rates are on the rise and there seems to be nothing you can do about it. While it is true you can’t change your past driving record, your age, or your credit rating there are some actions you can consider taking to get a cheaper car insurance rate.
For a start, if you are purchasing a car consider buying a car with a smaller engine. The faster the car goes the higher the insurance rate will be regardless of your other risk factors. Fins, a spoiler or other modifications to your car can raise your insurance rates. Make sure you identify all your car’s security systems or consider adding security features as these can help you get cheaper car insurance rates.
If possible park the car overnight in a garage or driveway off the public streets. Insurance companies will give you a cheaper car insurance rate if there is less risk of the car being hit or stolen overnight. If you don’t drive many miles make sure you indicate that on your application to ensure you get a cheaper car insurance rate. Raising your deductible always results in a cheaper car insurance rate. Adding an older, more experienced driver to your policy will sometimes get you a cheaper car insurance rate.
If you are a first time driver, make sure you take a driver’s education safety class to get a cheaper car insurance rate. Completing the Pass Plus course, designed by the Driving Standards Agency in conjunction with the insurance industry, will lower your rates. Pass Plus is a minimum six hour course you can take after you pass your drivers’ license test. This course will give you additional driving skills and confidence and is a factor many insurance companies take into account in determining your car insurance rate. If you are still in school and have good grades you may also qualify for cheaper car insurance rates with a good student discount. Car insurance for high risk drivers is much more expensive.
The easiest way to get cheaper car insurance rates is to shop around and get quotes from multiple insurance companies. You can do this on numerous car insurance quote sites. Research results indicate that consumers who shop around get cheaper car insurance rates. Don’t assume that if you stay with the same insurance company for a long time they will reward you with the best rates. Many insurance companies offer a lower rate to new customers so it is a good idea to compare other company’s rates with your current rate every so often.
Whatever else you do don’t eliminate from your coverage any insurance you really need. It might make the rate look better right now but could cost you sometime in the future. And be honest in your application. A white lie or an omission of relevant information could invalidate your policy.
And remember cheaper is not always better. Make sure the policy you are buying has everything you need. A lower car insurance rate will not save you money in the long run if it does not include the coverage you need. Make sure when you compare car insurance quotes you are comparing apples to apples coverage.