How to find cheap car insurance in 2022 - Finding cheap car insurance may be easier than you think. Car insurance can protect you from financial loss if you have an accident. About 87% of drivers have some type of insurance coverage, according to the Insurance Research Council. A study by AAA estimates the average driver spends $1,202 per year on auto insurance.
Shopping online for auto insurance quotes is one option for finding affordable coverage when you need to save money. That may be important to your financial goals if the coronavirus pandemic has impacted your household income.
You can visit Credible now to explore free auto insurance deals. And as you compare auto insurance premiums, keep these money-saving tips in mind:
5 Steps to find the cheapest car insurance
Homeowners insurance policy bundle with auto insurance
Consider a safe driving course or certification
Contact insurance companies to find other ways to save
Choose carefully when looking for affordable car insurance
1. Search for the best car insurance provider
What you pay for auto insurance is largely based on your driving history, from a clean driving record to moving violations to collisions. Your rates may be higher if you have an accident that requires you to file a car insurance claim. Your auto insurance premium may also increase if you have points against your license for a driving violation. In that case, you might consider no-fault insurance designed for people with poor driving records.
"This type of insurance will only cover the bare minimum required by the state, but it's useful for helping to improve a person's record in the eyes of other insurance companies," said Josh Simpson, a financial advisor at the Lake Advisory Group in Lady Lake, Florida.
Finding the right car insurance company with the best auto insurance rates is a must to save money. You can start by visiting Credible to compare rates and find the car insurance plan that's right for you.
2. Bundle homeowners insurance policy with auto insurance
You can get a discount on auto insurance if you combine several policies into one. Insurance companies may offer multi-policy discounts when you have more than one type of insurance policy, such as home and auto, under one umbrella.
If you own a home, you may be able to get auto insurance through the same insurance company that issued your homeowner's policy. Even if you don't own a home, you may still be able to reduce your car insurance costs by combining it with another type of policy. For example, you might be able to combine your auto insurance coverage with renters insurance or life insurance.
Use a tool like Credible to compare home and auto insurance policy rates and see if you can save some money today.
3. Consider a safe driving course or certification
Many auto insurance companies offer safe driving or defensive driving discounts when you maintain a clean driving record. The insurance discount you can claim may depend on the insurance company and the terms of your auto insurance policy, but you may be able to save from 5% to 20% this way.
What you should consider is the cost of safe driving or defensive driving certification. If you can get certified for $100, for example, and doing so saves $250 a year on your auto insurance premiums, then it could be well worth it.
Also, if the savings on your auto insurance premium are going to be small, then you might be better off researching other ways to save money. Again, you can visit Credible to compare auto insurance companies and insurance quotes for free to find a policy that fits your needs and budget.
4. Contact insurance companies to find other ways to save
The most effective way to save money on auto insurance may be simply to ask your insurance company what options are available. For example, you may qualify for a safe driver discount if you have had a policy for some time and you have never made a car insurance claim.
Discounts may also be available if you have more than one vehicle on your auto insurance policy or you have a young driver or student driver in your home. Your car insurance company can also deduct you from the insurance rate if your car is equipped with anti-lock brakes and other safety features.
If you are not satisfied with your current insurance company, then go to Credible. You can compare rates and companies with the click of a button to find a cheaper auto insurance plan that's right for you.
5. Choose carefully when looking for affordable car insurance
Paying less for auto insurance means saving money, but consider what the trade-offs might be. For example, going with liability insurance only coverage instead of comprehensive coverage or full coverage can make you pay for repairs or other expenses directly if you are at fault in an accident. Instead of forgoing full auto insurance coverage to save money, you may be better off increasing your deductible than lowering your premium costs.
Consider the reputation of the car insurance company as well as the price. "Paying a few extra dollars per month for a better company will be worth it if you need to file a claim," says Samson.
Most importantly, take the time to compare auto insurance rates using an online service like Credible.
Thus the discussion on how to find the cheapest car insurance in 2022, hopefully the reviews above are useful for all of you.