5 Inexpensive Car Insurance Shopping Tips

You don’t have to own a car for very long before you realize that it’s a lot more expensive than you anticipated. Some people think of their car as an asset, but considering how much money you put into it, you’ll never get the value back, unless by some miracle it becomes a rare and valuable classic down the road. Even then, you’d only see some return on investment if you anticipated this outcome and kept it in all original, mint condition. The point is, it’s in your best interest to save as much money as you can when it comes to owning and operating a personal vehicle. And while you can debate the merits of new versus used until the cows come home, there’s no denying that any way you can save on a reliable insurance policy is worth considering. So here are just a few tips to help you find a provider and a policy that will offer you the protections you want within a reasonable budget.

1. Comparison shop. Progressive is well-known for providing interested consumers with rate quotes from various insurance providers in order to show prospective customers what they stand to save by purchasing Progressive insurance. However, it’s not all about up-front costs. In addition to premiums you need to consider what you might have to pay in the event of an accident, including your deductible and a percentage of overall repair costs and medical bills. You also need to find out what happens if an accident is your fault or another is to blame. Progressive may have the lowest rates, but if their coverage doesn’t measure up to pricier policies, you might not end up saving in the long run. In short, it’s important to know all of your options in order to make an informed decision.
2. Bundle policies. A great way to save on all of your insurance policies is to bundle items like home, car, and/or life insurance. When you buy multiple policies with a single provider you’re a lot more likely to earn a discount on all of your coverage in the process.
3. Ask about discounts. If you’re a safe driver or a good student, if you’re in a certain age range, or if you have safety features (anti-theft, extra airbags, etc.) installed in your vehicle, you could be eligible for discounts on your auto insurance policy. But you may not know what you qualify for if you fail to ask about discounts offered by your provider.
4. Consider different policies. Did you know that there are “pay as you drive” policies that allow you to pay less if you put fewer miles on your car than the average driver? Did you know that once your car is paid off and you have the title you no longer have to carry full-coverage insurance? There are all kinds of different policies that vary by cost, coverage, deductible, and driver, just for example. And you need to understand what’s out there and how it can work for you before you select a one-size-fits-all insurance policy.
5. Set up a personalized plan. Whether you talk to Russ Levinton State Farm Insurance Agent, who serves the interests of your extended family, or you opt to strike out on your own by seeing what others can offer, what you really want to look for is a company that will create the personalized policy that’s going to best meet your needs. If you’re looking to save, you may have some difficult decisions ahead of you where car insurance is concerned. But a good agent from a reputable company can help to craft the policy that serves your needs for both coverage and budgetary restrictions.