Car Insurance Deals

Keep up to date with the latest news regarding auto insurance. By learning as much as possible about auto insurance, you are guaranteeing yourself the best possible policy you can get. Here are some tips to help you make better decisions about auto insurance.

Do your homework by comparing and contrasting different insurance plans before making your purchase. Each company uses a different formula, based on your answers to their questions and previous driving records, to figure out what your insurance premium is. You will find the policy that is most affordable and best suited to you by checking into policies from several different companies.

Compare the cost of adding a teen to your current plan versus getting their own policy, to see which has the most value. If you have various vehicles, it is sometimes beneficial and cheaper to get them each their own policy.

Spend some time with your agent reviewing the specifics of your coverage before you add expensive personalization to your car. You may put out $1,000 for a fancy stereo system for your car, but if the car is stolen, your insurance is only going to reimburse you for the $30 value they add to your car’s actual function.

The notion that car insurance premiums drop instantly when a driver reaches age 25 is a common misconception. In fact, insurance rates go down over time starting at age 18, provided the driver continues to drive safely.

Lower your mileage by using public transportation or joining a carpool. Insurers love when their clients are responsible and they can reward them by lowering their mileage. Letting your agent know that you frequently use mass transit or ride in carpools, can be a great way to lower your insurance costs.

Do not try to keep a lid on your premiums by juggling cars and family members. Having one driver linked to each car can result in better insurance premiums.

You may not want to buy after-market add-ons if you don’t need them. Luxuries in your vehicle, while nice, are not a necessity. When your car has a problem, insurance probably won’t reimburse these items.

Sports Cars

If you own a sports car, consider downgrading it to another model. Sports cars cost significantly more to insure than many others. Instead, buy a less flashy car. In fact, cars that have larger motors are more expensive to insure. Also, since sports cars are more often the target of theft, they are more expensive to insure.

Hopefully with this article, you have learned some knowledge that you can apply to your auto insurance decisions. You will increase your ability to make intelligent decisions when you increase your knowledge. As many of these helpful tips can benefit your family members and friends, as well, consider sharing this information with them.