How to Find the Best Car Insurance When You’re on a Tight Budget

how to get cheap car insurance lower rates

When you are on a tight budget, you will want to find ways of saving costs. One expense that you could reduce is your car insurance. 

There are various ways in which you can lower the cost of your auto insurance. Here are some of the best methods. 

Looking Up Car Insurance Options Online 

Some insurance companies offer lower rates when you accept policies and sign documents online. That is because the insurer is saving time and labor, so it can pass on the savings to you. Furthermore, it is easy to compare different car insurance companies when you use an online comparison platform like CheapInsurance.com. By shopping around to get different quotes, you can quickly and easily find the coverage you want for an affordable price. 

Bundling Insurance Policies 

Many insurance companies offer better deals for car insurance when you bundle your policy with other types of insurance policies, like homeowners insurance. 

So, if you have or need other types of coverage, get quotes from different insurers for bundling policies. You could make substantial savings. 

Increasing Your Deductible 

When you choose a car insurance policy, you can usually select a deductible, which is the amount you pay before the insurance kicks in after a car accident or theft or damage to your vehicle. 

Typically, you will pay a higher annual premium the lower your deductible is and vice versa. 

While you will need to have some money saved to cover costs should you have an accident or your car is stolen or damaged, it can often make sense to increase your deductible so that you can lower your premium. 

Installing Anti-Theft Devices 

To find the best car insurance when you are on a tight budget, ask potential insurers whether they offer discounts for installing anti-theft devices. Many insurance companies now provide that option. 

You could even save as much as 25% on your car insurance when you install anti-theft devices like car alarms and LoJacks in your car. 

Taking A Defensive Driving Course 

By maintaining a safe driving record, you can lower the cost of your coverage. 

Some insurers will provide discounts to people who successfully complete accredited defensive driving courses, or other such similar courses, like an accident prevention course. 

By taking a course, you will drive more safely and be less likely to be involved in an accident or make a driving violation. Therefore, your insurer will deem you to be a safer driver and, in turn, your insurance costs can be cheaper. 

Driving Fewer Miles 

If you usually do not clock up many miles driving your car, an insurer could reduce the cost of your auto insurance. 

You may even consider reducing the amount of time you spend driving to be eligible for this option. For instance, you could get public transport sometimes instead of driving. 

Ask insurers about their policies for different mileage thresholds and then perform some calculations to see if you can make savings by adjusting your driving habits. The fewer miles you clock up, the lower your insurance costs can be. 

Downsizing Your Vehicle 

The type of car you drive can significantly affect the cost of your auto insurance, so when you are on a tight budget, consider downsizing your vehicle. 

Typically, family cars like sedans are less expensive to insure for policy coverage than sports cars and SUVs. 

You can also save on other costs. For instance, gas will be cheaper for some vehicles than others that require high octane fuel. 

Furthermore, some insurance companies now offer discounts if you drive a hybrid car. So, you could save money and become more eco-friendly at the same time if you change the car you drive. 

Car Cost Cutting Conclusion 

Car insurance is one of those things you just can't do without. You might as well make the best of it by lowering your vehicle insurance policy rates as much as possible without sacrificing coverage. 

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