If you own a vehicle, then you know that you must have car insurance on it. Choosing a quality car insurance company is important not only for your budget but for your vehicle, as well. Finding cheap car insurance doesn’t necessarily mean skimping out on services and additions. There are a few tips and tricks to finding cheap auto insurance that will work for your wallet and still provide you the coverage that you need.
Decide What Coverage is Necessary
When you are trying to find cheap car insurance, you may be able to skip out on a few add-ons that can cause your premium to increase. Rental insurance is one type of coverage that you will be asked about when you are signing up with a cheap car insurance company. Rental coverage will help pay for a rental vehicle if your car or truck is in an accident and in the shop for repairs. If you have multiple vehicles at your home that you can use, then you may wish to skip this coverage, as you can simply drive another car while yours is in for repairs.
Another type of coverage to consider is emergency assistance. Many cheap car insurance companies offer this coverage, but do you really need it? If you are already a member of AAA or another roadside assistance program, you don’t need the added expense. If your vehicle is relatively new, the manufacturer of the car may even offer free roadside assistance for a number of years. This will save you money when you need to get cheap car insurance .
Collision, Comprehensive and Liability
One of the biggest factors to consider when you are looking for cheap car insurance is whether you need comprehensive and collision coverage for your vehicle, or if you can get by with just liability. Comprehensive and collision may be a required coverage if you do not own your vehicle; for example, if you have a loan out for the vehicle that is not paid off yet. These two coverages will cause your insurance rates to rise but also cover your vehicle completely if you are in an accident that is found to be your fault.
However, liability coverage is a lot less expensive and may be a good choice if your vehicle is an older model or you do not drive too often. Liability will cover the other person and their vehicle if you are in an automobile accident. It will not cover you or your car. Consider liability coverage if you are trying to keep your car insurance costs low.
Raise Your Deductible
When you are looking for cheap car insurance, consider raising the deductible to a higher amount. This allows you to lower your premiums for every month. While many people decide on a deductible of $500, raising it to $1,000 or more will greatly increase your chances of finding cheap car insurance easily. Just make sure you will have the resources to pay this amount if you are in an accident in the future.