5 Tips For Finding The Best Auto Insurance Rates

Face it, owning a car is expensive. After maintenance, repairs, and gasoline costs, the last thing you want is to have to pay through the nose for decent insurance. Luckily, you can minimize your insurance costs by employing a few clever strategies. This article will present five tips for sniffing out the lowest insurance rates possible.

Don't settle for just one quote.

Lots of people assume that insurance prices are basically the same from one company to the next. As a result, those same people often end up stuck with an exorbitantly high insurance policy. Find the best possible rate by soliciting quotes from multiple companies. If you're unsure of all the options in your area, refer to the Department of Insurance website for your state.

Go with a higher deductible.

Many people are scared of high deductibles because they mean paying more in the event of a collision. Yet a high deductible also means a lower monthly bill. For infrequent and/or careful drivers, this can be a smart strategy. Likewise, because insurance companies consider them a higher risk, younger drivers can also stand to benefit from this strategy.

Keep your credit healthy.

Car insurance companies are increasingly using credit scores as a way to calculate the risk of a potential customer. Thus poor credit often translates to a higher premium. This relationship is expressed in terms of what is known as an insurance risk score. In order to keep your insurance rates as low as possible, be sure to manage your credit wisely and avoid falling into debt whenever possible.

Opt for a humbler model of car.

Though it may seem hard to believe, both the make and the model of the car you drive can impact the amount you pay for insurance. In other words, the more luxurious your car, the more exorbitant your insurance rates are likely to be. Even among closely related models, rates can vary somewhat unpredictably. Thus it is a wise idea to contact your insurance company and inquire about the rates for different models before you purchase a new car.

Look into discounts for low miles.

More and more, people are exploring alternate modes of daily transportation. Whether you've begun walking, biking, or taking the bus to work each day, your green habits may entitle you to a discounted insurance rate. Simply put, the less time you spend behind the wheel, the less likely you are to cost your insurance carrier money. As a result, many companies now offer discounts to those whose monthly or yearly mileage is below average.

For professional car insurance, contact a company such as Peake Insurance Agency.