In today’s economy the last thing you want is for your car insurance rate to go up. For most people their car insurance premium is a sizable portion of their monthly budget. If their premium goes up most people are unsure where they will find the money to pay it. Here are a few tips that will help keep affordable cheap car insurance month to month.
The first tip available is for those whose policy is about to need renewal. With today’s internet it is possible to search multiple car insurance companies pricing through the computer. There are many car insurance companies online like Esurance that will take your information and give you several quotes from different companies. If you find one you prefer, it costs you nothing to switch to a different insurance carrier.
The second tip is to watch what kind of car you buy. Everyone knows that high risk cars like sports cars are more expensive to insure. That also goes for the newer models and models that are targeted by car thieves. The least expensive cars to insure will be the cars that are not new, that are less expensive to buy, and that are safer or have more safety devices, those cars that have more anti-theft deterrents.
The third tip to keep insurance costs down is to adjust your car insurance deductible. It is possible to save up to 30% on your policy by raising the deductible from $500 to $1000. Again, since you are trying to save money make sure you can afford to pay the new deductible amount if you are at fault in an accident.
The fourth tip that will help you to keep affordable cheap car insurance is to choose the correct coverage. In most instances you do not want to keep the minimum state requirements on your cars due to the fact that a major accident could financially ruin you. There are many choices in coverage amounts insurance companies offer that will allow you to choose a lower coverage but still be covered fully in case of an accident. Monitoring your coverage can save you money.
Lastly, one of the best things a person can do to keep their costs down is to monitor their policy often. Most insurance companies add and drop possible discounts often and by updating your profile you are at a greater chance to benefit from these offered discounts.