You can get the best car insurance rates by comparing quotes from several companies, taking advantage of discounts, and rethinking how much coverage you really need. To start shopping for the best car insurance rates, check out WalletHub’s picks for the best car insurance companies in your state.
How to Get the Best Car Insurance Rates
1. Compare Quotes
Since every car insurance company calculates premiums differently, the easiest way to ensure you’re getting the best rate possible is by comparing quotes from several insurers. Additionally, you should compare quotes every time you go to renew your policy so you can make sure you’re not overpaying.
2. Consider Smaller Insurers
While the big car insurance companies may have great ads, they may not always offer the best rates. Be sure to consider smaller insurers when shopping for coverage. WalletHub’s list of the cheapest car insurance companies is a good place to start shopping for the best rates.
3. Look Into Discounts
Car insurance discounts can help you save up to 35% on your premiums. Most insurance companies offer a wide variety of discounts, such as multi-policy discounts and discounts for being a safe driver.
4. Check Your Coverage
At the very least, you will need to have your state’s minimum required amount of coverage and any coverage your lender or lessor requires, if applicable. Beyond that, you can determine whether optional types of coverage are worth the cost.
5. Improve Your Credit
In most states, car insurance companies use “insurance scores” to help determine rates. Insurance scores are based on credit report information and indicate a driver’s likelihood of filing a claim. By raising your credit score, which is based on the same information, you may be able to find better car insurance rates.
6. Change Your Deductibles
Higher deductibles result in cheaper premiums, but remember to only choose a deductible that you can afford to pay out of pocket in an emergency.
7. Practice Save Driving
The easiest way to make sure you can get the best car insurance rates possible is by being a safe driver. Speeding tickets, DUIs, and at-fault accidents can cause car insurance premiums to skyrocket. If you already have some moving violations on your driving record, remember that they only affect your rates for a few years. Taking a defensive driving course could help minimize the impact on your premiums in the meantime, too.
Car Insurance Companies with the Best Rates
To learn more, check out WalletHub’s guide to lowering car insurance costs.
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