Discounts To Keep Your Car Insurance Rates Low

Reader’s Question:

How do I keep my car insurance rates low? I am from Arizona if that will help you.

Carl

Phoenix, AZ

Hi there Carl! Keeping your car insurance rates low is pretty easy and here’s how:

First, make sure to get higher deductible. As you see Carl, the higher your deductible is, the lower your car insurance rates may be. If you can afford to get higher deductible the lower your car insurance rates will be.

Second, keep your driving records clean. That’s easy, you just need to make sure that you drive carefully every time you hit the road.

Third, if you are about to buy a new vehicle, make sure you’ll be buying something that will not be too expensive to insure. Vehicles that are expensive to repair or replace are those that are usually expensive to insure.

Fourth, if you are thinking of getting another insurance product aside from your car (like home or health insurance), you may want to get it from the same insurance company that offers your car insurance. With that, you may get lower car insurance rates.

Fifth and lastly, ask for car insurance discounts. There are a lot of insurance discounts you can get like multi-vehicle discount for insuring multiple vehicles, multi-policy discount, for getting several car insurance products, good driver discount, for having clean driving records etc.

For more information on how you can save on your car insurance rates, you can also check with your insurance agent.

Choosing an Auto Insurance Company For A Used Car

Reader’s Question:

What kind of policy should I look for from an auto insurance company for a used car?

Maureen

Burke, VA

Good question, when looking to get coverage from an auto insurance company it is important to take note of the advantages when insuring a used vehicle. Unlike a brand new car, owners of used vehicles need not buy a policy that has very high comprehensive and collision insurance. In fact, owners of used vehicles may opt to drop collision and comprehensive insurance or keep it to a bare minimum since filing a claim with an auto insurance company with this kind of vehicle would not be cost effective. Your policy may have a $500 deductible for comprehensive or collision but if you have a car that is around $1000only, then you would save more in the long run by having damages on your vehicle fixed out of your own expense. If you would be getting minimal comprehensive and collision you could also increase your deductible to get much lower rates that will make for cheap auto insurance.

You would need to still have adequate liability insurance coverage, as per the Financial Responsibility laws of the state of Virginia. Your policy should have at least 25/50/10 worth of coverage purchased from your auto insurance company. That would mean $25,000 for each individual you injured in an accident, $50,000 for everyone you injure and $10,000 to cover for liability due to property damages. Make sure to shop around for the best rates online.