First-time car insurance buyers and experienced drivers alike are often told what they should or shouldn’t buy and from whom. It ends up leaving them confused about how much insurance costs and whether they can save money. In this article, we’ll separate the facts from the fiction.
5 Things You Didn’t Know About Cheap Car Insurance
Whether you are getting your teen driver their first car, use your own car to drive to work or you plan on taking your vehicle with you on vacation, you’ll need insurance.
Here’s what everyone should know about cheap car insurance.
1. Cheap Car Insurance is Available for All Drivers
There’s a common misconception that cheap car insurance is only available to certain drivers, but that isn’t the case. While you’ll save more on insurance if you’re a good driver, you can still get a good deal if you have 3 or more demerit points on your license or an SR-22 certificate.
An SR-22 certificate is a special type of insurance some states provide while you’re in the process of reinstating your license. The certificate proves your auto insurance policy meets the minimum liability coverage in your state. Eight US states don’t require an SR-22 certificate.
2. Insurance Comparison Sites Make Shopping Easy
A lot of drivers will refuse to shop for car insurance because it’s seen as a tedious process, even when they know they’re paying more than they have to. But it isn’t hard to see why. You typically have to call insurers individually, ask for a quote, and repeat that process a hundred times.
With insurance comparison sites, you don’t have to do all that busy work. Just enter in your address and car insurance type, and you’ll receive hundreds of quotes from qualified insurers. After signing up, drivers receive their insurance documents immediately in their email inboxes.
3. Usage-Based Insurance Can Save you Money
Some states offer usage-based insurance (UBI) or telematics, a pay-as-you-drive insurance plan that’s based on the driving you do instead of what your insurers think you do. If you don’t drive often, you benefit from all the benefits of usage-based insurance and limit the negatives.
What are the negatives of usage-based insurance? A lack of privacy, sometimes poor accuracy, and steep penalty fees could result if the UBI device detects reckless driving. With that said, drivers in Canada saw a 20% to 30% decrease in their insurance rates when switching to UBI.
4. There Are Dozens of Ways to Get Cheap Insurance
There’s more than one way to save big on car insurance, so don’t stress if you don’t qualify for everything. For example, if you don’t want to switch insurers, you could get a loyalty discount if you’ve stayed with one insurer for many years. A clean driving record is a sure way to save.
Some cars are cheaper to insure, and used vehicles have lower premiums than new ones. Decide against canceling your insurance policy, even if you aren’t driving for a while. It’ll cost you more to insure your vehicle when you start up again. Finally, increase your deductible.
5. Getting the Coverage You Need Equals Savings
Drivers will often go without to save money, but you should never do this if your coverage is deemed necessary. For example, if you drive every day and only have liability insurance, you could be paying for your own medical or repair expenses if an uninsured driver hits you.
The chances of you getting into a car accident during a 1,000-mile trip is 1 in 366, and 77% of drivers have been in at least one accident. To ensure that you don’t become a part of that rate, it is essential to follow traffic rules and avoid distractions while driving, as well as seek help from tulsa-criminallawyers.com/tulsa-criminal-defense/dui-dwi-tulsa-dui-attorneys if you are facing DUI charges. Since it’s practically inevitable that you’ll be in a vehicle accident, it’s actually much cheaper to buy more insurance now rather than pay later.
