Loyalty may actually cost more

That price optimization comes in the form of small yearly rate hikes for loyal customers who have been with the same insurance company.

That’s because you likely won’t protest or switch when the rates slowly move their way up even if you’ve done nothing to show you’re a greater risk or the policy costs haven’t changed. 

It adds up over time, and before you know it, you’re paying more than you should be paying for your car insurance. 

As such, you’re probably overpaying on your car insurance. But how do you find out? And how do you get a lower rate? These car insurance hacks can help you save more and get more money back in your pocket.

Car Insurance Hacks Every Driver Should Use

Yes, there are ways to save more on your car insurance. And the good news is it’s easier than you think! However, there are a few things you should know that can impact the cost of your car insurance.

The solution? According to experts, you should shop around. You may even get your current insurance company to lower the rates for the same policy. While that sounds good, that will prove you’ve been PO’ed. 

Know the difference between the best and the cheapest auto insurance

Just like anything you can buy out there, sometimes the best car insurance for you isn’t the cheapest. If you only go based on price, you may find you’re disappointed.

Your rates will also depend on where you live, how many cars you’re insuring, what kind of cars you have, age, and credit. 

So, if your neighbour says they’re paying less for car insurance with a different company than you, check it out but do know that certain personal factors will be key in how much your insurance policy costs. 

Despite this, the answer is clear when it comes to the best vs the cheapest car insurance. You’ll need to shop around to see if you can get the kind of quality coverage and service you’re looking for at a better price.

See if you’re eligible for discounts

You may be missing out on savings if you don’t ask about discounts. Many insurance providers will issue discounts for some of the following:

● Education Discount

● Good Student Discount

● Automatic Payment Discount

● Occupational Discount

● Military/Law Enforcement Discount

● Multi-Policy Discount

● Multi-Vehicle Discount

● Good Driver Discount

● Paperless Discount

● Anti-Theft Discount

● Loyalty Discount

● Marriage Discount

● Mileage Discount

● Location Discount

Certain restrictions may apply, but it is worth it to ask. If you don’t ask, you’ll never know about how much you can save!

Other factors that affect car insurance prices

Buying car insurance doesn’t always mean staying with the same company from the moment you start driving. You don’t have to wait until your policy expires to switch to another company. And staying with the same company for a long time usually doesn’t guarantee lower rates.

You will get your first discount on auto insurance at the age of 25. More discounts can come when you get married, or for bundling multiple policies together. It’s recommended that you call to see the rates for bundles and shop those around too.

Also, your credit rating affects your insurance rates. The reason is because those that are responsible with personal finances tend to be less likely to file claims on car insurance. If you’ve recently improved your credit, it can work to your advantage to shop around for a new car insurance company to save even more.

Here’s How You Can Switch Car Insurance Policies Without Really Do Any Work 

It’s so simple to make the switch to a new car insurance provider. Each provider has an easy way to cancel the previous policy.

Once you find a quote that you like, you can go with that new provider. You’ll get a cancellation form to sign and they’ll send it to your previous provider along with a cancellation notice. 

If you’re wondering how often you should shop around as the industry experts recommend, ideally when your policy is up for renewal or every other year if you’d prefer. 

You’ll see that different companies offer different rates with the same coverage. Competitiveness between them will also differ by location, making it worthwhile to check. 

When comparing quotes, it’s wise to get at least 3 of them from different insurers.

But if that sounds like too much work for you, call the number below and ask for a car insurance quote to see how easy it is to save on quality car insurance policies. 

It’s a WIN-WIN for YOU! Either get a better quote from another company or make your current insurance company lower your rate.