We are all looking at saving money in any which way that we can.
If you own a car then you are required by law to own car insurance, and the cost of this can depend on many factors.
Listed below are 5 excellent tips to ensure you can get cheaper auto insurance.
1.
Multiple Quotes It is important that you get quotes from a number of different companies to ensure that you get the best deal.
Do not go with the first one you contact as the price difference between companies could be anything from $50-$200.
This may sound like a long process that could take you hours that you haven't got, however if you use a company that compares all the best insurance companies to find you the best price, then this process can take just a matter of minutes.
2.
Sensible Car Choice If you are a new driver and are looking at purchasing your first car, then it is worth getting quotes before you purchase.
The make, model and age of the car all contribute to the quote of the insurance, along with if the car has any modifications.
If you have just passed your test and would like a Ford Mustang, then you may find that the cost of insurance will be way to high.
Work out your budget before buying your car so you have enough for both the car and the insurance.
3.
Low Mileage Discounts Insurance companies will give cheaper prices for people who do lower mileage.
Think about how often you are going to use your car, and if there a way of cutting down on your mileage, such as car pooling or working from home some days a week.
A reduction in annual mileage will result in a reduction in price.
4.
Higher Deductibles (Excess) Deductibles are the amount that you have to pay should you have a claim against your insurance.
The higher the deductible the lower the insurance quote.
It is worth getting a number of quotes with varying deductibles to see how much of a difference the price makes.
If you are doing low mileage and your trips are not in busy towns then it may be worth having a higher deductible as you could be at less risk to having an accident.
5.
Do Not Automatically Renew Your Old Policy We all get complacent with all types of insurance, such as home, travel, pet and auto, and most of us will just renew without thinking about it or just because it is easier.
This is the main reason why most of us pay too much for our auto insurance as many companies will only give their best deals to new customers and not existing ones.
It is vitally important to compare auto insurance quotes every year to ensure you are getting the best possible deal.
This step is so easy when using a comparison website like the one listed below.