Auto Insurance Quotes
Automotive insurance is one of those expenses that few people think about. It's an annoying cost of owning a vehicle – one that most people living in either a city or a semi-urban area need to take care of in some form. From low-cost motorcycle insurance to full coverage for car and SUV owners, the right auto insurance package can be quite a hefty expense and an unusually lengthy process.
You see, there's more to consider in the standard auto insurance policy than you'd expect. From your vehicle's year to its previous crash history, hundreds of factors can affect the price of your insurance policy. There's the oh-so-cruel driver history examination, the power output of your vehicle, and the safety of its interior and airbag system for passengers and those in other accident-involved vehicles.
Simply put, it's a right hassle finding the best auto insurance quotes, even if you're a careful driver in a fairly safe vehicle. We've prepared this simple seven-part guide to help you get the best quotes for your vehicle and for your driving history. From SUVs to low-cost city cars, apply these tips and you'll enjoy full automotive coverage without the annoyance of a hefty monthly insurance premium.
1. Speak with several different insurance companies
Not all insurance companies offer a competitive deal. Some specialize in insurance for luxury cars and high-end vehicles, while others are geared towards low-end vehicles and newbie drivers. Due to this immense variation in insurance services, there's a great deal of flexibility and variation when it comes to policy pricing, accident coverage, and the premiums and excesses for insurance policies.
Speak with a variety of insurance companies to ensure that you're not being taken for a ride when it comes to pricing and monthly costs. Also, check the excess costs of your policy to make sure that a small crash or otherwise inconsequential accident isn't going to result in thousands of dollars of fees and other administrative payments.
2. Compare costs using different vehicle types and models
Some vehicles are expensive to insure; others aren't. As with driver demographics – which can add a hefty sum or subtract an equally large amount from an insurance policy – the best auto insurance quotes often depend on your vehicle's make and model. Sports cars and exotic vehicles cost more to insure than their budget counterparts, largely due to the added risk of driving them.
When you're shopping for auto insurance quotes online, add a second vehicle into the calculator to check its expense compared to your standard car. While it seems slightly bizarre to purchase a car specifically for its low insurance cost, doing so can often act as a good reason to upgrade to a more modern, significantly safer, and less expensive vehicle for your insurance policy.
3. Check that you're not in a high-risk driver demographic
Are you an eighteen-year-old sporting a Suzuki Hayabusa and a BMW M6? If so, you may find that your insurance premiums are, quite rightfully so, higher than those for an older individual in a more reserved vehicle. Young drivers, particularly younger drivers with sports cars and a history of speed and safety offenses, are typically much more expensive to insure than their older counterparts.
If you're a young driver that's seeking a competitively priced auto insurance deal, remember that the relative safety and value of your car can often interfere with pricing. A sports car is always going to attract a greater premium than an economy vehicle, particularly when its owned by a young, risky, and inexperienced driver.
4. Consider buying an all-in-one insurance package
Do you have home and contents insurance? How about medical insurance? Do you frequently use a single insurance company for travel and international care insurance? If so, you may be able to find a great automotive insurance quote from your current provider. Insurance companies are desperate for your business, and they'll often offer it at a discount to loyal and current customers.
So before you flock to the cheapest provider on the block, consider calling your current insurance provider and asking about an all-in-one discount or comprehensive package. Most insurers have a specialist package that provides comprehensive medical, automotive, and home care, which could be a competitively priced and easily available option for their current customers.
5. Got a low-value car? Think about third-party insurance
Is your car your pride and joy? If so, it's best to go with a comprehensive insurance package. But for those that aren't all that concerned about their car's well being, a third-party or limited car insurance package may be a better deal. These insurance policies only cover the expenses that other parties in a crash can claim, lowering your premium while simultaneously protecting you from costly bills.
If you're not concerned about your vehicle – perhaps you own an aging and otherwise inexpensive car – these packages are worth a look. While your vehicle will not be covered in the event of a car crash that's your fault, you will still be covered by the other party's insurance if you're crashed into on a public road.
6. Check your vehicle's theft and crash rates
It's not just your vehicle's power output and crash safety that affects its insurance price – its the car's theft and crash history too. Vehicles that are frequently targeted by criminals are most costly than an otherwise inconspicuous model to insure, even if they're less powerful. If you own an SUV or sport vehicle, this theft-friendly pricing clause could drive your insurance policy cost quite far upwards.
Check your vehicle's theft and crash rates online before you consider purchasing a new model, as a thief-friendly vehicle is likely to attract higher insurance costs than its counterparts. Vehicles with a car alarm system or anti-theft protection system are generally given lower rates – speak to an agent if your high-risk vehicle is fitted with such a system in order to score a lucrative discount.
7. Consider buying a vehicle that's inexpensive to insure
Finally, it may be worth buying a new vehicle altogether to access lower insurance rates. While that sports car might look good, it can quickly become a liability when the insurance costs begin to reach into the mid five-figures annually. Owning a secondary vehicle for city driving can lower your rates quite significantly, especially if it's paired with another expensive vehicle.
For example, consider insuring your sports or exotic car only on the weekends, cutting its policy to a fraction of what it was previously. There are plenty of ways to lower a high-value car's policy, and many of them are friendly to insurance customers as well as companies. Think laterally – even if it means buying another vehicle – and you'll be able to find significant overall auto insurance savings.