If you are wondering whether it is possible to get cheap car insurance during the present times, then, the answer is definitely a “yes”. Obtaining the perfect car insurance for your needs without paying an arm and a leg is now definitely possible, if you think wisely and follow a set of simple, but highly effective, tips.
Opt for yearly premiums
One of the easiest ways to avail cheap car insurance is by going in for yearly payments. Monthly payments, quarterly payments and bi-annual payments will have some overhead costs associated with them which make them relatively higher. Even if your monthly payments has $10 extra added to it per month, at the end of the year you would have collectively paid about $120 more than your yearly premiums. This is a significant amount of money that can be put to better use considering the economic condition today.
Opt for an existing provider
One way of getting cheap car insurance without compromising on the coverage is by opting for a lender who already insures your home. It is wise to consider opting for various policies such as home insurance, life insurance, car insurance and medical insurance from the same provider since they will be willing to throw in larger discounts which you can benefit from.
Encourage your children to do well in school
Teen insurance at low prices is a dream. However, this dream can be realized if your child maintains good grades at school. Encourage your child to excel in his academics not only for his future, but also to get larger discounts on auto insurance premiums. You can avail discounts up to 15% if your child has consistently maintained A or B grades; however, getting C grades will entitle him/her to minimal discounts which may not have a big impact.
Use your credit card
Did you know that using credit cards to make your premium payments is one way of obtaining cheap car insurance? Well, it’s true! Instead of using your card at departmental stores and supermarkets that charge you extra for using it, save your card for paying your car insurance premium and get discounts of up to 5% depending on the card you use.
In addition to this, simple aspects like increasing the safety features of your car and using your car less frequently will also entitle you to cheap car insurance that does not forgo coverage.
