When you think of insuring your vehicle, then the first thing that comes to your mind is how to get the cheapest rates on the auto insurance policy. When it comes to finding the cheapest rates, you need to compare auto insurance quotes. There are some smart tips that will enable you to save money on auto insurance rates. Read on to know about them.
1. Shop for insurance quotes: Before taking an auto insurance policy, you must compare auto insurance quotes offered by various insurance companies. Experts are of the opinion that you should get at least three price quotes from three insurance companies. The more you choose from options, the better you can make a choice.
2. Maintain a good credit record: Insurers often use credit information to decide whether or not you qualify for a loan. You need to maintain a good credit score to become eligible for auto insurance. Pay your bills on time, don’t go for more credit than you need and try to keep your credit balances as low as possible, to keep your credit score intact.
3. Ask for high deductible: Deductible is the amount that you have to pay out of your pocket when you file a claim, before the insurance company starts paying. Hence, if you ask for a high deductible, then you will be charged less on the premiums every month.
4. Ask for low mileage discount: As you compare auto insurance quotes, you will see that there are various kinds of discounts. Check with your insurance company whether they offer a discount for drivers who drive lower than average number of miles per year. Try to drive less to save on your auto insurance premiums.
5. Avoid high theft cars: Try to avoid buying those cars which are more prone to theft or even to accidents. Sports cars can be driven very fast and hence it becomes more likely to face accidents. Such cars will cost you heavily on premiums. It is safe to buy a low-profile car.
Follow the above mentioned points to save those extra dollars on your auto insurance policy. Compare auto insurance quotes from different insurance companies to get the best results.