when you’ve got it, its easy to not think about your car insurance.
That is, until youre rear ended on your way home from work while stopped at a red light.
That insanely expensive fix would have fallen completely on your shoulders without it.
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We all need car insurance, and not as a just-in-case thing its legally required in most states.
So, how do youget the cheapest auto insurancewithout sacrificing the quality of said coverage?
Were glad you asked.
Weve outlined the best ways to save on car insurance while keeping you and your vehicle protected.
Where you live is a big one, because densely populated urban areas tend to have more accidents.
Certain kinds of cars come with more expensive insurance.
Younger drivers cost more to insure because theyre statistically more likely to get into a crash.
Your driving history also can really make or break you.
This is why its so important to do your homework and comparison shop.
We have a few suggestions on how to make that way easier, however.
Companies also tend to offer discounts to entice people like you who are looking for lower car insurance costs.
There might even be some that arent advertised, so ask the company directly to be sure.
That amount is typically $500 to $1,000.
The higher you make your deductible, the lower your premiums will be.
Other Coverage Adjustments That Can Save Money:
Pro Tip:You shouldnt drop uninsured/underinsured motorist coverage.
Thats what protects you if another driver causes an accident and cant pay.
Many insurers factor in your credit score when they come up with your rate.
In fact, a lower credit score can make premiums go up by 20-50%.
However, there are some states that ban insurers from doing this.
These make you seem like youre at a higher risk for future accidents.
Most insurers will reward drivers with squeaky clean records with discounts or lower rates.
Or, at the very least, rates that dont go up.
You might get a discount for signing up for autopay or paying in full instead of monthly.
And, your company may be your way into group or employer discounts.
But most importantly, dont think youre stuck paying an unaffordable price.
Reevaluate your policy every six to 12 months to see if anything has changed for you.
Then, do a quick comparison shop to see if changing insurers could save you money.
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