How You Can Get the Cheapest Car Insurance Coverage

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Car insurance premiums can take a serious portion out of your household budget. According to data from industry sources, as of May 2009 the average cost of auto insurance premiums reached $1,837 annually. However, the cost of not getting coverage could be disastrous if a member of your family gets into an accident and has to pay for the cost of repairs. Fortunately, there are a number of steps that you can take to get the cheapest car insurance coverage. 
  1. Have anti-theft devices installed on your car. Auto insurance providers are generally willing to give discounts on coverage if you have devices such as alarms and crook locks installed on your car in order to deter thieves.
  2. Many providers also offer substantial discounts to drivers who take defensive driving courses. A car owner's driving record is one of the determinants of the rate they will be charged by the insurance company, and attending such a course would signal to the insurer that you are willing to go out of your way to become a safer driver.
  3. Another way to get the cheapest car insurance is by preserving a good credit record, since your credit standing is one of the factors that help determine the premium you will be charged for your policy. If your credit is not in good standing, you might want to get coverage from an insurance company that does not conduct credit checks.
  4. If you are a member of a organization such as a credit union or a college fraternity, you might be able to get discounts based on your association, but you'll have to check with your insurance provider.
  5. You can get the cheapest car insurance if you get several policies from one provider. For example, if you have a provider that offers both home and auto insurance, you might be able to get a discount if you get both forms of coverage from them rather than from separate companies. The discount you get can be as much as twenty percent.
  6. You might be able to save money on your policy by raising your deductible and lowering the amount of comprehensive and collision coverage. This would result in smaller monthly premiums that might free up money that you need right now. Of course, you have to ensure that you can cover the deductible in case you get into an accident.
  7. If you are getting coverage for teenage drivers, you can get the cheapest car insurance by making sure that they are driving a model of car that will not be charged expensive premiums by insurance companies. This means that sports cars and cars with a bigger horsepower are out, while older cars with good safety records are definitely in. Many providers also offer discounts to teen drivers who have good grades, as well as those who enroll in driver's education classes.
  8. Finally, if you are in a high-risk category and are quoted too-expensive premiums or refused coverage altogether, you might be able to get the cheapest car insurance by taking out a policy through your state insurance commissioner. While the coverage will be small, at least you will be insured.
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Article Source: http://EzineArticles.com/4415075

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