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Getting Your Insurance At The Cheapest Price Possible |
Today, price matters more than ever. Budgets are tight and insurance is necessary. Therefore, it’s important to find the insurance coverage you need at a price that you can afford.
Payment Options:
If you can manage to purchase your insurance upfront for 6 months you’ll save more than paying your insurance monthly. Paying for your 6 month or annual policy upfront will also help reduce the risk of lapse of your policy due to non-payment. I’m not a huge fan of using credit cards, however purchasing a paid in full annual insurance policy with a credit card is a good way to use a card rather than remembering to pay for your policy each month.
Don’t Buy Unnecessary Coverage:
I had a company try to sell me collision coverage on an old 1991 Isuzu Amigo. This vehicle was only worth about $800. My payment went up enough to make it not even worth it. The company mentioned I can save some money by raising my deductible to $1,000. Seriously, does this company really want me to set up a $1000 deductible on a car worth $800? Sometimes it’s best just to go with liability auto insurance coverage only.
Buying You A New Car?
If you’re on the fence when deciding to buy the 2-door or the 4-door, keep in mind the cost to insure it. A sedan model will in most cases cost less to insure than its coupe model. Coupe models are often considered a sports car, sedans are rated as a family vehicle. Before you purchase your new car, compare a few quotes to see if the insurance price is cheap enough to make your new purchase worthwhile. Some sports cars and cars poorly rated for safety can run well over what you may expect to pay for auto insurance.
These are just a few things to keep in mind when wanting the cheapest rates on auto insurance. Learn more tips on how to get cheap car insurance.
