The car insurance industry is a vibrant marketplace, full of different providers vying to stand out from the crowd with lower prices or better promotions.
But beyond the ebbs and flows of the market, your car insurance rates are also determined by your driving record, address, and vehicle choice. This means that you can’t necessarily negotiate with your car insurance provider for a lower price. But there are lots you can do to lower your insurance price tag.
Ultimately, saving on car insurance starts during the shopping phase. Before you connect with an insurance agent, you have the chance to figure out what sort of coverage you need, browse different discounts, and compare quotes.
Luckily comparing quotes is easier than ever, thanks to Insurify. Insurify’s easy-to-use interface lets drivers quickly compare 10+ free car insurance quotes and see their coverage options side by side. No matter your needs or your budget, Insurify makes the quote comparison process painless.
5 Steps to Finding Cheaper Car Insurance
Here are our top tips to secure a cheap policy.
#1 Apply for Car Insurance Discounts
Every driver dreads that moment when their auto insurance bill arrives in the mail. But before you once again put a dent in your wallet by shelling out for expensive insurance rates, ask yourself: Are you taking advantage of all the car insurance discounts at your disposal?
While they don’t always go out of their way to advertise their discounts, just about every insurance provider offers a handful of them. These can include good student discounts that lower rates for young drivers who maintain good grades at school, good credit discounts for drivers who keep up a favorable credit score, and generous military discounts for those who serve in the armed forces.
One of the most common deals is the bundling discount. It turns out insurance companies like when you do lots of business with their company. So if you buy a car insurance policy and a home insurance policy or life insurance policy from them, you can qualify for significant discounts. You also have the bonus of only having to deal with one provider for basically all of your insurance needs.
There are also some easy steps you can take to qualify for more discounts.
For instance, many insurance companies will offer you a discount if you enroll in a defensive driving course. This proves to the provider that you’re a safe driver who is less likely to file at-fault insurance claims.
You can also enroll in a provider’s telematics program, which is a data-driven option that tracks how much and how safely you drive. Major insurance carriers like GEICO, Allstate, and State Farm offer popular telematics programs. So if you only drive occasionally and practice safe driving habits, you can unlock lower car insurance rates through telematics.
#2 Choose the Right Car for You
One factor that providers will weigh when determining your car insurance premiums is the type of vehicle you drive. In general, smaller, sportier cars come with higher insurance costs. Insurance companies assume that a flashy convertible will be driven at higher speeds, which makes them more likely to be involved in a car accident. Meanwhile, a safer family car like a mid-size SUV is less accident-prone and, therefore, cheaper to insure.
Enhancing your car with certain key safety features is another way to get a better rate. For instance, investing in anti-lock brakes, anti-theft features, or powerful airbags can earn you more discounts from your insurer. So the next time you shop for a new car, keep in mind that your choice could impact your auto insurance rates.
#3 Alter Your Current Coverage
You’re taking advantage of every discount you qualify for, and you’ve picked a car that comes with low auto insurance costs—but you still find yourself paying high insurance premiums. Don’t worry. There are always things you can do to lower your rates.
Maybe you don’t need all the coverage you’re paying for. For instance, if your car is a bit older and you own it outright, you might find that it’s not worth paying for comprehensive and collision coverage. These coverage products protect the value of your vehicle—but if you probably would just replace your vehicle instead of repairing it, it’s probably not worth adding these options to your coverage. Other add-ons like rental car coverage and roadside assistance are undoubtedly helpful to have but might not be relevant to your situation as a driver. In that case, call up your car insurance agent and have them remove these coverages.
You could also opt for a higher deductible. Deductibles only come into play if you get in an accident. But if you don’t drive your car too often and aren’t very accident-prone, it might be a good idea to go with a higher deductible and lower premiums. Keep in mind that raising your deductible or getting rid of specific coverage add-ons could result in you having to pay more out of pocket in the event of a car accident.
#4 Use a Quote Comparison Website
Comparing quotes is the most effective way of finding a lower car insurance rate. After all, quote comparison tools give you direct insight into how much a company charges. All you have to do is enter your driving history, age, location, and vehicle information, and you’ll have access to quotes from a wide range of providers. You can also see which companies offer discounts that could lead to massive savings.
You can get up and running with a quote comparison tool in minutes. And for just a few minutes of your time, you could uncover significant savings on insurance coverage. Some drivers even find that their current provider is offering a lower policy. After all, insurance companies are always changing their rates. Or you might find that a new insurance company has come onto the scene and is providing cheaper rates. That’s why it’s a good idea to compare quotes regularly to make sure you’re seeing the different rates and never missing a good deal.
Insurify is your go-to option for all of your quote comparison needs. You can put dozens of auto insurance quotes side by side—so you don’t have to worry about jumping from site to site and writing down the prices you find. Insurify puts all the information you need in one place so you can pick the cheap car insurance policy that meets your needs.
#5 Tell Your Current Insurance Provider You’re Switching to Another Company
The car insurance industry gives consumers lots of choices. In that sense, most drivers have leverage when they deal with their car insurance company. That’s why if you tell your car insurance provider that you’re considering canceling your insurance with them and opting for a new provider, they might consider lowering their rates to retain you. Or they might offer you some unique add-ons and perks to make it worth your while to stay.
When speaking with your car insurance company, be polite but firm. Let them know that you’ve appreciated their service, but be honest about your situation. Like any good negotiator, you want to show the value you bring to the table. So if you’re a longtime customer who’s always paid their bills on time, make that clear to the insurance agent you’re speaking to. If you show why you’ve been a valuable customer, you have a better chance of convincing them to offer a discount.
The Single Easiest Way to Save on Car Insurance
While drivers might not be able to negotiate rates with their car insurance provider directly, there are still plenty of chances during the shopping process to find good deals. Doing your research and comparing quotes is the single easiest way to save on car insurance.
Here’s the bottom line: You should use Insurify to access free car insurance quotes and gain a deeper understanding of the car insurance landscape. Insurify puts all the car insurance quotes you need side by side so that you can easily compare rates and zero in on the policy that works for you.