Ways to Get the Cheapest Car Insurance Rates Possible

The great thing about insurance is there are multiple ways of lowering your bill, so if you feel like you’ve found everything through shopping around and you can’t seem to get the best rate, don’t be afraid to switch carriers! Don’t worry, it usually takes just a few days to switch. Read on to find out ways you can lower your car insurance costs — and how it could save you hundreds or even thousands of dollars a year.

1. Set up auto pay, or set up an auto payment

You don’t want insurance company compliance (which requires annual inspections for certain types of drivers) because it costs a fortune and you’ll likely never get the full amount. When shopping, shop around at least five different companies and figure out what's cheaper for you.

2. Ask your insurance agent if you can just ask all your question in writing

Car insurance companies won’t be able to give you their full knowledge on each company they work with, but they can give you information on the company they work with that they won’t be publicly talking about. When you let them ask your questions in writing (with the question included in the email and even a little note in the envelope), you’re much more likely to get the best info and save a lot of money.

3. Take advantage of breaking crisis car insurance discounts

Unfortunately, insurance companies nationwide aren’t issuing these panicky car insurance discounts right now. We know you need to make sure you're covered in the time of a huge natural disaster like hurricane or wildfire — but so do other car owners as well. If you're covered right now, shop around to see if it's any easier to get your policy anniversary date.

4. Look for free or low-cost coverage with plans

Take advantage of the cooling off period you were given for your extended unemployment. You know your company loves you so if the unthinkable happens and you lose your job, you'll be protected. Open a plan with the best premium, the cheapest triple-payoff coverage, and lowest deductible possible, and try to get coverage through your mortgage lender, not your auto insurance company — especially if you live in a low-risk part of the country.

5. Look for “no questions asked” policies

Sometimes these “no questions asked” policies are one of the best deals out there and they even come with discounts while you wait. They might actually be the best deal at any price.

Which car insurance companies can offer the best deal? For example, are some carriers better at tracking repair amounts than others?

Below you’ll find ways to find the best insurance coverage:

1. Shop Around

Obviously, you’ll be better off shopping around for car insurance in general—just as you would any other service, like purchasing a coat, picking up a prescription, or changing a tire. But don’t limit yourself to just one carrier—check out swing both ways, and seek out companies that offer lower premiums in exchange for higher coverage.

For example, if you have a higher-than-average deductible, think about switching to a carrier with lower levels of lower-end coverage. People often set high deductibles in order to claim coverage if their insurance companies don’t offer it. And no matter what type of insurance policy you choose, make sure you always shop for the best car insurance price (preferably, no matter what policy you have).

2. Shop the Site

After you’ve narrowed down your search to ten or so companies, ask them to submit your details for you. Some sites give you a list of companies offering the lowest rates, but you might have to dig in further to find the lowest coverage amounts. The information received isn’t always 100 percent accurate, but many companies they analyze have minimum limits for coverage amounts, so you can get an idea of what to expect. These days, 80 percent of the companies that offer car insurance have a mailing address in the U.S.

We’ve all heard horror stories about insurance companies denying claims or changing plans mid-semester.

Often overlooked is a benefit of shopping around: You can get the best price possible on a policy because the companies who sell to the government as Fannie and Freddie are required to hold their rates down in order to maintain their federal status.

When you compare different policies, ask actual customers what price they pay (and compare that to what they pay when they shop at major carriers). Budget for it – if the car the insurance company is offering you is worth more or less than an Audi/VW Golf on a comparable policy, even if you never drive the Audi, the insurance cost will add up quickly. Do you want a low deductible or a low rate? Maybe – but interview several insurance agents to see what works for you.

It’s easy to get excited about free insurance, but the truth is that often the cheapest insurance isn’t free. Remember to shop around, but you shouldn’t stop there.

There are many tools out there to help shop around for the best rate, but vise versa, tips about tools could easily fill an entire book. So below, we’ve got eight ways that you can save big by slashing the cost of car insurance.

Shop around for the best coverage – There’s no point paying more for something that isn’t in jeopardy. Research and find the best coverage that fits your needs.

Don’t rely on the time of day to compare rates – You can sometimes drastically improve your luck by shopping on the weekends. Most insurers will still be in business during the week, so not comparing rates every weekend is very effective.

Pay a premium on the Spo - One of the best bangs for your buck is a price match when shopping around. You can switch policies in less than an hour and save thousands in the process.

Buy a second (or even first) car for your policy – Car insurance is a real PITA if you don’t already have a car. After all, it’s not like physical damage can’t happen if you make a left turn onto the wrong side of the road, right? However, a car insurance policy is a huge hassle without a vehicle. So, if you have the money, invest in a car to get the car insurance you really need.

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