If you're like most people, insurance probably isn't the first thing on your mind. However, it's one of those things that can really put a dent in your wallet if you don't have it. If you are looking for ways to save money on car insurance, here are 5 easy steps to follow.
1. Get an accurate quote
2. Find discounts
3. Bundle coverage
4. Shop around
5. Get renters or homeowners insurance
Get a quote
If you're in the market for car insurance, it's important to get an accurate quote. However, not all quotes are accurate. So you'll want to compare quotes before making a decision about which company to go with for your insurance needs.
If you have an agent or broker, they will be able to give you multiple quotes from different companies. That way, you can compare the prices and coverage levels of each company before making a decision.
Even if you don't have an agent or broker, there are still ways to get multiple quotes without leaving home. One way is by using a website like https://www.comparison-quote-car-insurance.com/. This site will take your information and find multiple auto insurance providers in minutes!
Find discounts
Did you know that most insurance companies offer discounts if you bundle coverage on more than one type of insurance? For example, you can purchase your auto and homeowners or renters insurance from the same company.
Insurance companies will often provide discounts for bundling, like 10 to 20 percent off your premiums, so it's worth checking with your auto insurer to see if they'll offer a discount if you also purchase a home or rental property insurance from them.
Discounts are always a plus!
Bundle your coverage
The easiest and most effective way to get a discount on your car insurance is bundle it with your home or renters insurance.
Insurance companies offer discounts for when you have more than one policy from the same company. If you bundle your coverage, you can save up to 15% on both policies.
Shop around
It doesn't matter if you're a car owner or a renter, you need insurance. The only question is, do you have the coverage that will best suit your needs?
That's where shopping around comes in. Start by comparing your current coverage to the offerings at other companies. You may find a plan with better rates and more benefits than what you currently have—and that won't break the bank!
3. Bundle coverage
Bundling coverage can be a smart way to save on monthly premiums. Plus, when people bundle their coverage, they often get discounts for doing so. For example, bundling auto and home insurance policies together could save you up to 50 percent off your car insurance policy.
Keep in mind, though: Bundling coverage means combining two separate policies together rather than purchasing them separately. If it's too much of a hassle for you to combine both policies into one payment and paperwork every month, then don't bundle!
Get renters or homeowners insurance
You may think you're safe if you have renters or homeowners insurance, but this is not the case. You can't just assume that renters or homeowners insurance will cover your car.
However, if you bundle it with your auto policy, you'll get additional discounts on both policies. This also means that if your vehicle is damaged in an accident, you won't be paying for damages out of pocket.