Lowest Auto Insurance

Everybody wants the lowest auto insurance rates available but few of them know how to find them.  The internet is your best tool when finding the lowest auto insurance rates and online quotes can save you a lot of time.  But once you find the lowest quote there are other things you can do to drive them even lower.

The word “discounts” has become very popular lately and never more relevant as when it comes to auto insurance.  There are more discounts available to you than most people know and it’s as simple as looking at your lifestyle, your assets and your spending habits.  Simply put, the better risk you are the more discounts you can get on your auto insurance. 

For instance, look at where you live.  Do you live in a small town with light traffic or in the suburbs?  Less traffic means you are less likely to be involved in an accident or to have your vehicle damaged when it’s parked on the street.  Conversely, if you spend a lot of time driving in city traffic your chances of an accident increase and any insurance company will charge you more for coverage.  If you’re thinking of moving you could save a lot on your car insurance by moving to a small town, the suburbs or a rural area.

The kind of car you drive can also affect your rates.  Sports cars are rated more highly than family cars just because drivers tend to go faster and be more reckless.  They are also more expensive to repair or replace so when choosing a car you would be wise to forego the glamour and buy a serviceable, sensible car.  You should also look at the make and model of the most frequently stolen cars and avoid them.  Coverage for those types of cars can be much more expensive than for cars that are not popular with thieves.

You would not think that your finances would matter when it comes to getting the lowest auto insurance for your vehicle but in fact, it makes a huge difference.  Insurance companies study trends as well as human behavior and their research has shown that people with low credit scores and a high income to debt ratio are involved in more accidents than people with good credit scores and savings accounts.  It’s a fact that generally, the less people have to lose the less cautious they are.  Insurance carriers will give a lower rate to a person in their 30’s with little debt and some savings put away than to a driver in their 50’s whose debt is more than their assets.

It’s a given that you can qualify for discounts if you’ve taken a defensive driving course and have a clean driving record.  But did you know that if you’re a student with a 3.0 GPA or above you may also qualify for a discount?  Or if you drive your car only occasionally that you can get a lower rate?  Drivers who put less than 6,000 miles per year on their vehicle can qualify for low mileage rates. 

In general, the lowest auto insurance rates are given to those who can show that they are responsible individuals as well as good drivers.