The law states that all car owners need to have some form of vehicle insurance for their cars. Auto insurance is mandatory insurance. Car or auto insurance prices vary depending on a number of different factors. Of course insurance companies would love to sell the most expensive auto insurance they have. But if you are on a budget, you would probably want to pay the least insurance premium. Here are some suggestions on how you can get cheap auto insurance for your vehicle.
Prepare the necessary papers and vehicle related information. The following are the information the car insurance company will need from you:
- Year, make and model of the car to be insured
- Vehicle identification number or VIN
- Driver’s license
- Phone number
- Work details (type of work, employer, address, etc.)
- Mileage driven
- Financial details (only when a lien is attached to the vehicle)
- Copy of existing auto insurance policy (for reference and comparison)
Find auto insurance companies. You get ask family, friends and co-workers where they got their auto insurance policies. Another source of information is your personal mechanic. Mechanics can tell you which insurance companies process claims with minimal hassle. You can also use the local phone book and the World Wide Web to find auto insurance companies. Get details for at least five insurance companies.
Contact the insurance companies. Call or email the five insurance companies in your list. Inquire about their rates making sure to request for identical coverage options.
Evaluate your options. Compare the different rates and rank the five insurance companies. Decide which insurance company can give you a cheap rate but at the same time include enough coverage for your vehicle.
Don’t Feel Like You’re Stuck
Change your existing policy. If you already have an existing auto insurance policy, consider having the policy changed to lessen the amount you are already paying. See if there are any parts of the existing policy that can be lowered or removed. For example, not including towing service can bring down the cost of the insurance. Lowering the mileage amount in your policy for annual use can lower the cost of the insurance. Installing anti-theft devices to the vehicle can also lower the amount you are paying.
Getting higher deductibles or lowering amounts can help lessen the amount you pay for auto insurance. There are surely several options available to you. Work with your insurance agent on this. He can give you options just to make sure you stay with their company.
Get insurance from one company. If you have life insurance or home insurance, get your car insurance from the same insurance company. Some insurance companies offer customers a discount if they get more than one policy.
Auto insurance is not exactly easy on the budget. Since all car owners are required to buy insurance, there is no escaping this added cost. Depending on the type of policy you buy, your age, driving record, credit score, where you get the auto insurance from and the type of car you own, auto insurance can either be cheap or expensive. You can get cheap auto insurance for your car if you know where to find it and how to negotiate with your insurance agent.