5 Ways To Get The Lowest Car Insurance Rates

Lowest Car Insurance Rates

Did you know there are several ways to get the lowest car insurance rates possible just by knowing what an insurance company considers a risk?

Car insurance premiums are calculated by how much risk the insurance company takes and sometimes things that don’t seem worth mentioning can actually make a big difference in your costs.

5 Easy Ways To Get The Lowest Car Insurance Rates

Garage Or No Garage
If you park your car in a garage overnight you can get a lower rate than if you park it outside. So why would that matter to an insurance company? Your car is more likely to get vandalized outside so that means a bigger risk which translates into higher premiums. So it may pay you to clear out your junk so you can park in your garage because it could save you some money.

Mileage
The miles you drive has a lot to do with how much your car insurance premiums are. Just by carpooling with your co-workers a couple of days a week can significantly lower your car insurance costs.

Ask the person giving you your car insurance quote how many miles they allow before bumping rate up to the next level so you know how many days you need to carpool to get that savings.

Combine Homeowners With Your Auto Insurance

Most often an insurance company that offers both homeowners and auto insurance will offer you discounts if you combine your homeowners with your auto insurance.

Even the smaller insurance companies are offering this to compete with the larger companies but you need to ask for it to be sure you are getting the very lowest quote.

Small things like this is what gets you the lowest car insurance rates.

Higher Deductibles
The difference in a $250 deductible as opposed to a $1000 deductible is significant when it comes to saving a lot of money on your car insurance.

Even if you put away $1000 as a buffer in the bank you will find what you save on your premiums quickly pays for it.

This is an immediate premium savings so ask what the difference is between a $250, $500 and a $1000 deductible and quickly gets you the lowest car insurance rates available.

Good Credit Report
Probably some of you don’t even realize that a lot of insurance companies look at your credit report to determine your car insurance premium.

The better your report is the more affordable your premium is. To get a free copy one time a year go to AnnualCreditReport.com.

Look for mistakes because 70% of all credit reports have errors and that alone could cost you money. Clearing up your credit report can lower your car insurance costs.

Whether you shop around for insurance by telephone or buy car insurance on line these tips can save you a bundle on your car insurance and get you the lowest car insurance rates possible.