Finding the cheapest car insurance rate is simply a matter of comparison shopping. But how can you get the cheapest rate without spending hours on end talking to insurance agents? Here's how...
Make a List
The first thing you need to do when it comes to getting the cheapest car insurance rate is to make a list of all the discounts you can get. Here are some of the biggest money savers:
1.Deductibles - Raising your insurance deductible from $200 to $500 can save you 30% on your insurance premium. Raising it to $1,000 could cut your premium in half.
2. Cars - The type of automobile you drive determines the insurance rate you pay. The difference in insuring an expensive sports car and an inexpensive family sedan can be as much as $1,000 a year.
3. Safety features and ant-theft devices - Most insurance companies will give you discounts for air bags, anti lock brakes, and automatic seat belts. They will also give discounts if you have a burglar alarm or other anti-theft devices installed in your car.
Eliminate unnecessary coverage
Drop your medical coverage if you already have a medical insurance policy that covers you, and get rid of your towing coverage if you're an AAA member.
Eliminate your collision coverage, comprehensive coverage, or both if you drive an older model car and the cost of your annual premium is the same as the value of your car.
Go Shopping
Shopping online is a quick and convenient way to shop for most anything, and it's especially true when it comes to getting the cheapest car insurance. Rates for the same auto insurance coverage from different companies can vary as much as $1,000.
After you make your list of auto insurance discounts, fire up your computer and head to an online car insurance comparison site. Here you can get a number of quotes from top-rated insurance companies so you can compare quotes and choose the cheapest car insurance rate.
