•   
  •   
  •   

buyingExpert Tips for Getting the Best Car Insurance Rates

19:15  06 december  2018
19:15  06 december  2018 Source:   gobankingrates.com

Is car insurance cheaper for a stick shift?

  Is car insurance cheaper for a stick shift? Is car insurance cheaper for a stick shift?A. Nice try, but you won’t necessarily save on car insurance by having a manual transmission.

Our car insurance experts will quickly find you the best coverage from the 40+ insurance companies we work with. We are also an independent Here are some tips to help you save and get the cheapest rates : Top 45 Car Insurance Savings Tips . Car Insurance Tips For Young & New Drivers.

Consider these five points before shopping for car insurance quotes for you and your family. Because of their short driving history and high accident rate , teens usually get a bad rep on car insurance . However, there are ways to navigate an insurance quote while including your teen.


Finding good, cheap car insurance can be stressful, but shopping for quotes is too important to not take it seriously. GOBankingRates spoke to experts about the most important factors you should consider when comparing car insurance companies and their policies. Learn what questions to ask so you can get the best cheap car insurance.

1. Consider the Cost of Insurance Before You Buy

Expert Tips for Getting the Best Car Insurance Rates© Image Source/Getty Images A scratch on a car

When you shop for a car, you probably don’t think about the cost of insuring it until after you’ve driven off the lot. But the best time to consider the cost of auto insurance is before you head to the dealership, said Neil Richardson, a licensed insurance agent and product manager with The Zebra, an auto insurance comparison website. You need to pay extra attention when you’re buying car insurance for the first time.

Comprehensive auto insurance pays for cars damaged by hurricanes

  Comprehensive auto insurance pays for cars damaged by hurricanes Dropping comprehensive car insurance may not be prudent if you live in an area prone to severe storms and hurricanes.If your car is damaged or destroyed in a storm, you'll be footing the bill for its repair or replacement at a time when the cost of a buying another car has gone through the roof. That's because severe storms total thousands -- sometimes hundreds of thousands -- of cars. So prices are likely to rise on the undamaged cars up for sale as drivers scramble to purchase vehicles to replace ones they lost.

Save money with free insurance quotes from top insurance companies. Compare rates now for all your InsuranceQuotes is the top online resource for free auto insurance quotes , tools, expert tips and advice — all Did you know that car insurance rates constantly fluctuate and vary each month?

We compare car insurance policies at Ireland's leading insurers to find you the best deal. At Chill Insurance , we’re experts at what we do. We’re dedicated to getting you the right cover at the right Having trouble reducing your student expenses? Here are some helpful tips to decrease your car

“Insurance is a major factor in the total cost of ownership of a vehicle,” he said. According to The Zebra’s annual report on auto insurance, the average American pays $1,427 each year.

The most expensive car to insure is a Mercedes-Benz E Class CLS-Class at an average annual premium of $3,541 per year. The least expensive vehicle to insure is a Honda CR-V, at an average premium of $1,317 per year.

The difference between insuring those two cars is more than $2,000. That’s the cost of a relaxing getaway.

2. Your Credit Score Can Save — or Cost — You More

Expert Tips for Getting the Best Car Insurance Rates© IvelinRadkov/Getty Images Hand putting check mark with red marker on poor credit score evaluation form

Maintaining a good credit score can pay off in big ways, including lower rates on your mortgage, credit cards and auto insurance. It’s worth it to improve your score, too.

A beginner's guide to understanding your car insurance quote

  A beginner's guide to understanding your car insurance quote A beginner's guide to understanding your car insurance quoteIf you drive, you already know that it’s usually a smart idea to have some kind of auto insurance to back you up in the event of some vehicular mishap – especially because it’s illegal to drive without insurance. It’s an even smarter idea to set an annual reminder to look for a new insurance policy and compare your options, since you could always stand to save more money.

Compare auto insurance quotes from top insurance companies and get expert tips on how to save money on car insurance from insuranceQuotes. We make the process of comparing auto insurance quotes simple, fast and secure so, you get the best deal. Did you know there are 3 main factors that

Find out which car insurance companies offer the best deals where you live. 3. Consider raising collision and comprehensive deductibles. Collision insurance covers damage to your vehicle caused by impact with another car or object, regardless of who’s at fault. Comprehensive covers theft of your

“Credit plays a huge factor when it comes to car insurance,” Richardson said. That’s because people who are responsible with their finances are viewed as more likely to be careful behind the wheel.

The Zebra’s State of Auto Insurance Report shows the serious impact credit has on car insurance rates, Richardson said. Improving your credit from “poor” to “excellent” could lower your premium 44 percent.

Related: What Is a Good Credit Score, Anyway?

3. Teenagers Cost More Than You Think

Expert Tips for Getting the Best Car Insurance Rates© Lisa F. Young/Getty Images Teen Takes Driving Test

If you have teens, you know they are expensive. That’s true whether you’re talking sky-high cellphone bills, designer clothes or auto insurance. If your teen is about to start driving, get ready for sticker shock.

Compared to other age groups, teens pay more than double for auto insurance, The Zebra report found. Although the national average annual rate for drivers ages 50-59 was $1,258, the national average for teens 16-19 was — you might want to sit down — $5,151.

6 essential car insurance terms everyone should know

  6 essential car insurance terms everyone should know 6 essential car insurance terms everyone should knowBut car insurance terms are like their own language. That's why we put together this guide explaining six of the key terms you'll need to know as you shop for a car insurance policy or try to understand the one you already have.

Get expert buying tips about Car Insurance delivered to your inbox. Amica Auto Insurance was founded in 1907 and is the oldest mutual insurer of automobiles in the United States. They scored an A++ rating from A.M. Best Company.

find the. Best car insurance rates . Become a SMARTER shopper > Our resources are developed by car insurance experts to provide you a guide to getting the best insurance . Disclaimer: The insurance products on CarInsurance .com are from companies from which

Major reasons why teens pay more is because the age group has a higher rate of tickets and accidents, compared to other age groups, according to the report. The good news is that rates drop quickly when drivers are in their 20s and are half as expensive for a 29-year-old compared to a 20-year-old.

4. Your Neighbor’s Insurer Might Not Be Good for You

Expert Tips for Getting the Best Car Insurance Rates© Guido Mieth/Getty Images Man and woman discussing after car accident

Your next-door neighbor just got a smokin’ good rate for his car insurance, so you figure that’s the best insurer for you, right? Wrong. In fact, you need to shop insurance companies if you want the cheapest insurance, Richardson said.

“Each company has a different target market based on age, credit, homeownership status and more,” Richardson said. “So the company that can offer you the best rate may not necessarily be able to offer your neighbor the most competitive rate.”

In fact, The Zebra study found a multitude of factors that determine your risk and rate. They include:

  • Credit score
  • Age, gender and marital status
  • Homeownership status
  • Level of education

The fact that insurance companies weigh these criteria differently underscores the importance of shopping around for a good rate.

Happy 25th Birthday: Lower Car Insurance Rates

Happy 25th Birthday: Lower Car Insurance Rates The money magic of your mid-20s

Home Insurance Auto Insurance Quotes and Shopping Get the Best Car Insurance Rates . Below are tips to help you seek out the best insurance coverage at the lowest rate . What Is Good Car Insurance ? Getting cheap car insurance does not necessarily mean you bought the right type or

We get you the best car insurance coverage and the lowest rates in Toronto. Compare quotes and choose the best option for your car insurance needs. Whether you are a seasoned Toronto driver or a tourist visiting the city, here are some very helpful tips for navigating the streets and highways that

Related: The Most and Least Expensive States to Own a Car

5. Don’t Carry Comprehensive and Collision Coverage on a Clunker

Expert Tips for Getting the Best Car Insurance Rates© Monkey Business Images/REX Two Drivers Exchange Insurance Details After Accident

It’s fine to love that old car you’ve been driving since the Reagan administration. But frankly, it’s not worth the cost of premiums to keep it insured. Yes, you must keep your liability coverage. But if your car is a jalopy in the eyes of everyone but you, drop comprehensive and collision coverage, which reimburses damages to your car. If you don’t you’re just making a dumb insurance mistake.

“Drivers should reduce coverage on older cars because the value of that vehicle decreases with every mile and year that goes by,” Richardson said. “Once a vehicle reaches a value of under $4,000, it no longer makes sense to carry comprehensive and collision.”

That’s because the cost a driver would likely pay to insure the vehicle is probably higher than what the driver would receive from the insurance company if the vehicle were totaled. Instead of paying for comprehensive and collision, use the money to keep the car running longer than any of your friends and family think is wise for your image.

6. Some Safety Features Won’t Help Reduce Your Rate

Expert Tips for Getting the Best Car Insurance Rates© Eric Van Den Brulle/Getty Images Two damage cars after accident

If you’re counting on that fancy backup camera, blind-spot warning system or lane-departure warning gizmo to get you a discount on car insurance, think again, Richardson said. “An anti-theft device is really the only security feature on cars that has any impact on rates,” he said. “Crazy, right?”

These states have the most outrageous car insurance rates

These states have the most outrageous car insurance rates Auto insurance will cost you up to 140 percent more in one state. Here's the easiest way to lower your rates no matter where you live.

Expert Advice + Best Quotes = Car Insurance Savings. London Car Insurance Quotes - Save With Cheap Rates . Why Choose ThinkInsure As Your London Car Insurance Broker? Whether you get an online quick quote or you call 1-855-550-5515, the best car insurance at the lowest price in

7. Get help from a Hong Kong car insurance expert . Last but not least, it often pays to get impartial advice from an established car insurance broker like Kwiksure. With almost two decades of experience matching drivers with the best value insurance policies for their needs, our team of experts (and

Well, maybe not. According to statistics from the FBI, car theft has declined slightly in recent years, largely due to anti-theft technology motorists are using, said Richard Lewis, digital marketing manager for Elephant Auto Insurance.

“There are several highly effective security systems that you can install, but you should check with your insurer if it has to be one in particular to yield savings,” he said. “Once you do, you may be able to lower your insurance premiums by as much as 5 percent, depending on the insurer.”

7. You Need to Research the Company and Its Rates

Expert Tips for Getting the Best Car Insurance Rates© Jetta Productions/Getty Images A man looks at charts on his computer.

The entire point of having car insurance is knowing your insurer will respond after you have an accident. For this reason, you shouldn’t base your decision on price alone: The cheapest car insurance might not necessarily be the best insurance.

“You should always consider the financial strength of the insurer and their record of service,” said Dale Sharpe Jenkins, lecturer of risk management and insurance at the University of North Texas College of Business and founder of The Jenkins Agency, an independent insurance brokerage and consulting firm. Companies such as A.M. Best rate and rank insurers in both of these areas, she said.

“When we buy insurance, we hope that we never need it,” Sharpe Jenkins said. “But when and if we do file a claim, we want to [know] the insurer has the financial strength to make us whole financially and to handle our claims with a good attitude of service.”

Drivers Say These Are the 11 Best Auto Insurers

Drivers Say These Are the 11 Best Auto Insurers Consumers have ranked these car insurance companies highest based on customer satisfaction. How does your auto insurer stack up?

Compare cheap car insurance quotes using Money Expert 's comparison service. We will find the cheapest policies from the UK's leading car insurance companies When it comes to car insurance , the more you know, the more likely you are to be able to get the absolute best deals around.

Here are nine tips for getting the best car insurance deals. Start your search for the best auto insurance rates by getting an online car insurance quote from Nationwide. Insurance terms, definitions and explanations are intended for informational purposes only and do not in any way

8. Discounts Are Not Automatic

Expert Tips for Getting the Best Car Insurance Rates© l i g h t p o e t / Shutterstock.com Money Buys Safeguards Against the Unexpected

Don’t assume your insurer will automatically give you every discount for which you qualify. The insurer will ask you to fill out a policy questionnaire that will be used to qualify you for discounts. But you should ask for a list of all discounts because there might be one or more that are not obvious from your application, Sharpe Jenkins said.

And there are probably more discounts than you think. Here’s a partial list from The Zebra’s insurance report:

  • Buying your homeowners or renters insurance from your auto carrier can save you 8 percent.
  • Purchasing your policy in advance can save you 10 percent.
  • Increasing your deductible from $500 to $1,000 can save you 11 percent.

Click through to learn the biggest do’s and don’ts when buying your next car.

More on Your Car and Saving Money

We make money easy. Get weekly email updates, including expert advice to help you Live Richer™.

Think Twice Before Paying for Accident Forgiveness.
If you pay extra for accident forgiveness with your car insurance, you might think your premium won’t go up if you cause a crash. But don’t bet on it —…

—   Share news in the SOC. Networks

Topical videos:

This is interesting!