Finding cheap auto insurance can be tricky. The experts at Affordable Insurance in Aurora have put together this helpful list, our top 8 tips to score cheap auto insurance.
Take a look then get in touch to set up your new policy.
#1 – Teen Drivers
New and young drivers should try to remain covered by a parental policy as long as possible.
Individually insured drivers between the ages of 16 and 19 pay the all-time highest premiums for car insurance because of their lack of experience. At age 19, 21 and 25 you should see a significant drop in your premium.
Try to maintain continuous insurance coverage from when you first start driving. Your rate drops by over 7.7% after being insured for just one year.
#2 – Skip the Payments
If at all possible, pay for your plan up front. Choosing to pay by installments increases the cost of your insurance by an average of $62. That is $62 you can save by simply paying in full when you purchase the policy.
#3 – All for One
Find out if you can bundle your car insurance together with your homeowner’s policy. This can potentially save you more than $100 per year.
If you are not a homeowner, but still have insurance for your rented house or apartment, it is worth bundling your policies. For renters, the savings average at 5.5% or $72 annually.
#4 – No Hot Rods
Your choice of vehicle can have a huge impact on whether or not you’ll be able to find cheap auto insurance.
Minivans and SUVs are the least expensive to insure, whereas a luxury car, muscle car or hybrid vehicle will typically incur higher insurance prices.
#5 – Credit Control
Maintaining a good credit score can go a long way in reducing the price of your auto insurance. Drivers with poor credit pay more than double the amount paid by drivers with excellent scores.
Even by moving your credit score up one tier, you can save 17% on your yearly premium.
#6 – Shop Around
If you move to another state, it is a good idea to shop around for a new insurance policy. There is a huge variability in insurance prices between states, so you may be able to get a better bargain once you move.
Also, try to be aware of state-specific traffic laws and understand how violations can affect your insurance cost.
Even if you’ve lived in Colorado all your life, don’t stick with the same insurance provider just for loyalties sake. Every few years, let our experts shop around for a lower price on your policy.
As your situation changes regarding age, experience, marital status and credit rating, you may become eligible for much better deals.
#7 – Go Digital
Always choose the paperless option if it is available.
Signing your documents electronically and managing your policy online can qualify you for extra discounts. Also, you’re doing your part for the environment and less likely to lose key documents if you have them saved on your computer and phone.
#8 – Drive Responsibly
Avoid a DUI at all costs. A DUI charge is the one thing that can instantly increase your insurance cost by 80%, and much more in some states. Stay safe on the road and avoid unnecessary extra charges.
Now that you know what it takes to find cheap auto insurance, give us a call at Affordable Insurance. We work with multiple carriers and will do all the comparison legwork for you.
Our goal is to provide you with the best possible rate no matter your age, driving record or credit score.