Affordable Car Insurance Options To Save Money
Car insurance is expensive and it seems like companies are finding ways to increase rates even if you never have an accident. Even so, there are ways you can save money if you know what to look for when talking to your agent. There are plenty of ways for you to find affordable insurance – all you have to do is do a quick search and you’ll find several options.
Once you have saved money, you can put your focus on learning how to budget and manage your personal finances. To help you out, here are five affordable auto insurance options to save money.
Use These 5 Tips To Find Affordable Car Insurance Options
1. Compare Car Insurance Rates
The first thing you should do before you get any insurance is to compare rates. Every insurance agency is going to have different prices, so you want to make sure you are getting the best deal before you make a decision. And don’t just check the big-name insurance agencies for their rates. Remember that there are local insurance agencies that you need to check with if you want to make sure you are being thorough.
2. Skip Collision Insurance On An Old Vehicle
When it comes to car insurance, you want to make sure you get what you need to protect yourself. However, there are certain things you should skip out on if you are trying to save money. One of those things is collision insurance if you have an older vehicle. You see, a lot of insurance agencies base the amount of money you’d get in a collision on your vehicle’s value. And the older your vehicle, the lower its value. This means you’ll end up getting less money.
Just keep in mind that without this insurance, you are responsible for the repair payments if there is a collision and your car suffers damage. The insurance won’t give you a cent to help without having a collision in your policy. So it is something you have to take into consideration when thinking about taking collision out of your policy. However, if you feel like you’d like to take your chances, this could be a good way to save you some extra money.
3. Bundle Home And Car Insurance
Insurance companies love to bundle. Getting both your home and car insurance from the same agent will save you some money, although it varies with companies. Ask your agent about your boat or motorcycle too for additional savings. You can also get a multi-car discount. Multi-vehicle insurance offers some of the same savings as bundling, so get all of your cars on the same insurance to save money. The discount varies with different companies, but it usually is around 10 percent.
4. Ask About A Safe Driver's Discount
Insurance companies are offering a lot of programs that have advantages for safe drivers. Some will lower your deductible if you drive for a time without a claim. Others will lower your rates if you install a device that monitors your driving habits like speed and coming to full stops. Those with teenage kids who are starting to drive may find that helpful to encourage safety. Some extra cash is a good motivator!
5. Increase Your Car Insurance Deductible
When it comes to your insurance’s deductible, raising it will get you instant savings. If you do have things like collision or comprehensive insurance, you could lower your premium from these two insurances just by increasing your deductible. There is one thing to keep in mind before you decide you want to do this. Increasing your deductible means that if you file a claim, you will have to pay more money out of your pocket.
What If Your Car Is In An Emergency? Get A Signature Installment Loan For Help
You can try to save money in every way possible, but sometimes you need extra money for unexpected expenses like body damage from an accident. If that happens to you, we here at Wisconsin Auto Title Loans, Inc. can help. If your car suddenly experiences an emergency before you have insurance, you can get our signature installment loan to help. Signature installment loans are unsecured loans that you pay off in equal amounts – hence their name.
The way this loan works is your signature acts as your promise to repay the loan on time. This is why we don’t require you to have any collateral to secure the loan. We will also look at your income and your ability to repay the loan to determine how much we can lend to you and if you qualify. The last thing we look at is your credit through a credit check.
Find The Affordable Car Insurance You Need Right Now!
When it comes to your car, you must get insurance to protect yourself from anything bad that could happen. And as you read, it doesn’t have to be difficult to find affordable car insurance to save money. With just a little work and these tips, you could have your car insured soon! And if your car has an emergency before you get insurance, let Wisconsin Auto Title Loans, Inc. help you out. Fill out our online form to see if you can get our signature installment loan right now!
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.