If you’re like most auto owners, you’re likely interested knowing how you can qualify for the lowest car insurance rates. Most consumers are aware of the negative impact that a bad credit history can have on their ability to afford car insurance. However, there are other factors that can help you qualify for the lowest car insurance rates and save money on your auto policy. It’s a good idea to review your policy from time to time to make sure you’re receiving all the discounts available to you.
Lowest Car Insurance Rates and Traffic Laws
How much impact a speeding ticket or other traffic citations have on your premiums is difficult to tell. Each state has its own laws regarding premium increases due to speeding tickets and other traffic violations. However, if you have a clean driving record, you pay about 25 percent less on your auto policy, according to Car Insurance.com. That’s because insurance carriers often offer a 25 percent discount to drivers with clean driving records but getting a speeding ticket disqualifies you from receiving the discount. Your base rate could then increase by 2 percent, according to the same website. It makes sense that if you obey traffic laws, you’ll qualify for the lowest car insurance rates save money on your auto premiums.
Compare Products and Choose the Lowest Car Insurance Rates
If you’re in the market for an auto policy, get quotes from at least three carriers. Compare coverage and any discounts available to you. Discounts may vary depending on the carrier. Consider the deductible amount as well before choosing the carrier offering the lowest car insurance rates.
Discounts Contribute to Paying the Lowest Car Insurance Rates
Discounts on auto insurance can vary depending on the carrier. Make sure that you’re receiving all the discounts that your insurer offers and that apply to you. To help you qualify for the lowest car insurance rates, notice the following list of discounts that auto insurers generally offer:
- Safety features - If you have power steering, air bags, and a safety device installed on your vehicle, you may qualify for additional savings.
- Driving course - If you’ve taken a driving course, make sure to inform your carrier. You’ll likely qualify for a discount. Note that you don’t have to receive a speeding ticket to take a driving course. Any driver can take a driving class at any time. If you already have an auto policy, simply contact your agent to inform him that you took the course.
- Pay your auto’s premium up front - If you break up your premium and make installment payments, you generally pay more. Each monthly bill typically reflects a fee of about $5 or more.
- Low mileage discounts - If you work close to home and don’t drive very much, you may
- qualify for a low-mileage discount.
- Timely payments - If you pay late or let your policy expire or lapse, you may pay a higher premium. If you’re in the process of changing insurance carriers, make sure your new auto policy is in effect before cancelling your current policy.
- Low-risk profession discounts - If you belong to a low-risk profession or organization, like a teacher, you may qualify for an additional discount.
Lowest Car Insurance Rates and High Deductibles
Consumers often don’t realize that choosing a high deductible can reduce insurance premiums by almost one third.
In conclusion, if your conscious of traffic laws, pay your premiums on time and make your agent aware of any safety devices or features on your vehicle, you may qualify for a discount. Additionally, if you belong to a low-risk profession or organization, take a safety driving course and making sure that your agent applies any discounts available to you, you will likely receive the lowest car insurance rates possible.
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