Customers who are looking for the cheapest car insurance have a number of options available to them. One way to keep costs down is to increase the policy deductible. When car insurance customers agree to pay more toward the cost of settling their claims personally, the insurer is able to offer lower rates in return.
Before choosing a policy with a higher deductible, a customer should make a point of asking for quotes from several providers at different deductible levels. The buyer should should consider whether paying the higher deductible will create financial hardship before buying a policy with this provision.
Asking about available discounts is another strategy for finding low cost car insurance coverage. Companies offer price breaks to policyholders in different situations and it’s worthwhile to ask for a list to make sure that a driver gets all the price breaks that he or she qualifies for.
Insurance providers offer preferred pricing to customers who insure multiple vehicles or who buy more than one policy. They also may offer price breaks to customers who store their car in a locked garage, drive one with an anti-theft or a safety device, and who limit their annual mileage.
Shopping around is one of the best strategies available to customers who are looking for the cheapest auto insurance coverage. Start getting quotes for coverage a couple of months before the existing policy is due to expire to have time to review prices from several providers before making a buying decision.