Everyone wants to get the best possible deal when it comes to paying for their car insurance but the problem is knowing what to ask and what to look out for in order to get the best rates.
There are so many small details or aspects that could change your quote and also where you get your insurance from will also make a difference to the price you pay.
Here are some simple and easy ways to help you cut the cost of your auto insurance.
If you have ever paid for something at first shop you see and then find it is cheaper somewhere else, that hurts.
It pays to shop around for most things and that is certainly the case when it comes to motor insurance where the difference between quotes can sometimes not just be a few dollars but quite often, a few hundred dollars, which is money that would better staying in your bank rather than needlessly giving it to someone else.
Comparisons sites can be a bit tiresome to use for some but it makes sound sense to type in your details and let the various search engines come up the best quotes in a quicker time than you could.
Think about bundling
An area of insurance that many people fail to take advantage of is bundling. Very often, your insurer may be able to offer a premium discount if you take out more than one policy with them.
Having your car and home insurance with the same insurance provider despite the fact that they are separate policies may well be a good route to extra savings, but be careful that you don’t end up paying too much for one of them in order to get what looks like a better deal on the other one.
Bundling is worth thinking about and if you don’t ask you don’t get, so it is always worth posing the question to see if your existing insurer is prepared to reward your loyalty with a discount.
Use a broker
There are several advantages to using a broker rather than trying to do all the work yourself.
Experts like BrokerLink have the knowledge and access to deals that may not be available anywhere else and they can do the research needed to find the best rates they can for you without having to always be biased towards one particular insurance company, which is important if you are trying to get the best deal.
It also makes sense to build a relationship with a broker as they can help you out and advise you if you have any problems or need to make a claim, so you get a more personal service than you would do if you bought your policy online.
Always ask about special discounts
Most insurers offer discounts even if some of them don’t like to advertise the fact. It is a competitive environment and they are competing for your business so many will try to entice you to take out your car insurance with them by offering some sort of discount.
An area that is also worth exploring is special discounts, which is where you get even more money off your renewal quote if you meet certain additional criteria or conditions.
Examples of where you might be able to get a further special discount include having VIN etching in automotive glass, the fact that you are an alumni of a local college or university, even having good grades can make a difference.
You can earn special discounts by taking a defensive driving class or fitted your car with an alarm system, so whatever you do that will enhance your personal profile or the security of the vehicle, make sure you mention it as you might get a special discount.
Check the deductibles
Deductibles are the amount that the insurance company will hold back from your insurance claim payout and you should always check the level of deductibles on your insurance quote as this is the easiest way that your insurer can make their price look more attractive.
The general line of thinking is that low premiums will mean that there is probably a high deductible involved and if you choose to lower the amount on request, then the premium will rise accordingly.
There is nothing wrong with a high deductible to get the premium down but only do it if you have the spare cash available to make up the difference if you have to make a claim.
There are savings to be had out there on your auto insurance, you just need to know what to ask and be sure to tell them if you think your circumstances or qualifications mean you might be entitled to an even better rate.
John Wilber is a retired insurance broker and grandfather of five. When he’s not visiting with his grandkids, he likes to write about what he learned in the insurance business in order to help others.