How To Buy Cheap Auto Insurance: 10 Tips [2023]

April 7, 2023

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Need help to buy cheap auto insurance? Use these 10 tips and save money on your auto insurance in 2023.

Finding the right insurance for your precious car is the best way to take care of it. At the same time, affordability remains an important issue regarding insurance shopping. Luckily, there are a number of ways to ensure that you can buy cheap auto insurance that provides adequate coverage for your car.

Table of Contents

How Can You Buy Cheap Auto Insurance? [2023]

Your car insurance depends on several factors. If you want to buy cheap auto insurance, here are some handy tricks and tips that can help!

Raising Deductibles
Choose Your Coverage Wisely
Keeping Your Driving Record Clean
Go For A Defensive Driving Course
Pay As You Use
Improve Your Credit Score
Keep Track Of Discounts
Go For Group Insurance
Compare Different Company Rates
Consider The State You Live In

1. Raising Deductibles

Raising your deductibles might not be an option if you are only investing in liability coverage in your auto insurance. But going for more than simple liability coverage can help you with this trick. If you opt for comprehensive and collision auto insurance coverage, you can raise your deductibles.

Deductibles refer to the amount you have to pay besides the amount the insurance company pays for any damage. When you do that, your monthly premium price drops. Increasing your deductible on comprehensive and collision can reduce your overall auto insurance cost, especially if you intend to file claims on only some small issues.

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2. Choose Your Coverage Wisely

While raising your deductibles on comprehensive and collision coverage can help, you must remember that biting off more than you can chew is never a wise option. For example, if your car is getting older, you should steer clear of expensive coverage options that will not do you any long-term favors.

Your auto insurance coverage needs to be something you can afford, so there might be better options than comprehensive collision coverage for a very old or damaged car.

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3. Keeping Your Driving Record Clean

A squeaky clean driving record can seriously help you get the cheapest car insurance. A clean driving record is one of the many considerations your insurers will have when they approve your insurance application.

Avoiding any run-ins with the law indicates that you are careful on the road and will not likely cost the insurance company any inordinate amount of money. This can mean that your insurance cost drops 5% – 25% because of your credibility as a low-risk client for your insurer.’

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4. Go For A Defensive Driving Course

A defensive driving course can often help you cut your insurance costs and buy cheap auto insurance. It indicates that you are committed to better road traffic behavior and more careful driving to avoid the possibility of damage.

Naturally, this can help significantly reduce insurance costs by getting discounts on the deal. Please consult with your agent to know more about these options. They vary from one state to another.

5. Pay As You Use

If you aren’t a frequent driver, a pay-as-you-go insurance policy is the best option for you to cut down on your insurance cost.

Here, your insurer will keep track of how much you are driving or how well you drive, usually through a telemetric tracker. Then, your insurance charges are decided based on those pieces of information, saving many extra costs.

6. Improve Your Credit Score

Your insurance credit score is an essential determinant of the price of your auto insurance. A high credit score testifies that you have a record of settling debts on time. This, in turn, points to your credibility as an insurance client because it proves that you are capable of maintaining discipline in your financial commitments.

A high credit score will likely make insurers trust you more, which can significantly lower your auto insurance costs. It will require you to slowly but steadily build your credit score. Regularly paying your credit card bills, clearing loan installments, and fixing outstanding debts are ways to maintain a high credit score.

7. Keep Track Of Discounts

What is the point of a good discount if you don’t use it best? Keeping track of the discounts and using them to their fullest is the most convenient way to find affordable car insurance.

Car insurance companies offer discounts, including discounts for good students or students living away from home, loyalty towards the insurance company, or even for simply paying your annual bill in full. These discounts can lower your insurance costs significantly.

8. Go For Group Insurance

Many auto insurance companies tend to give out group discounts on car insurance. For example, say you get your insurance from your workplace, alumni groups, or something along those lines. In that case, you are buying the same car insurance in bulk for a large group.

This might entitle you to a discount on the group insurance. So opting for group insurance is an intelligent decision when you want to avoid costly car insurance.

9. Compare Different Company Rates

Comparison shopping is your best bet to get the cheapest options in car insurance. However, doing your research right is very important for this. You need to know what parameters to compare based on zip codes, and states; the insurance company offers a driver’s risk profile, trim level, and more. It is not just the insurance price or the monthly premiums that matter.

Ideally, the coverage plan should include a variety of possible damages and accidents. Go for a comparative analysis of insurance plans based on comprehensive considerations. That way, you can rest assured that your car insurance is the best the market offers.

10. Consider The State You Live In

Sometimes, the state you live in can have defining factors for buying cheap auto insurance. Car insurance prices vary vastly from state to state. The auto insurance rates in San Diego will differ from those in California or Florida. The differences can majorly affect your budgeting if you move states. So the state you live in definitely has its fair share of influence on the auto insurance you finally get to buy.

A good option would be to look into comparative prices to determine the change from one state to another. Moreover, you can opt for the minimum liability coverage required by your state, which may vary from one place to another. Although it might mean that you are underinsured, this can be an excellent affordable option for an infrequent driver.

Conclusion

Hence, multiple personal and external factors determine your auto insurance cost. At the same time, it might become overwhelming to keep track of everything. But worry not! Mount Shine can efficiently guide your journey to buy cheap auto insurance. We curate the best offers in auto insurance based on your car model, the coverage you need, and other state-required conditions.

With Mount Shine, find the best car insurance option that fits your needs at affordable rates. Compare and shop around for the best deals on car insurance so that you never have to compromise.