Cheap Auto Insurance

Finding a cheap auto insurance policy that offers great coverage can be a challenging task if you don’t know some of the cheap auto insurance “tricks” of the trade. In order to get the best value for your money, you need to search for an auto insurance plan that suits both your needs and your budget. Rates vary from one auto insurance provider to another, so taking the time to compare car insurance quotes is very important. Finding the cheapest auto insurance quotes online is a snap with our free cheap auto insurance rate finder! Find the cheapest auto insurance companies – just enter your zip code in above to compare quotes from competing auto insurance companies now!

Factors That Affect Your Car Insurance Rates

Before you go shopping for cheap car insurance, you should be aware that there are several factors that may affect your premiums. Insurance companies calculate auto insurance rates based on your age, gender, marital status, location, driving experience and credit score. The number of miles driven each year, as well as the type of car you own may influence your rates.

• Age – The youngest and the oldest drivers are more likely to get involved in car accidents. That is why they usually pay more on auto insurance. After the age of 25, drivers can see a decrease in their rates.
• Gender – Women are safer drivers, so they get lower premiums than male drivers.
• Marital Status – Insurance companies believe that a married person is more responsible. In addition, married couples usually buy insurance for more than one car, which helps them receive a discount.
• Location – People who live in rural area spend less money on car insurance than those living in big cities or suburbs.
• Type of Car – Sports cars and luxury vehicles cost more to insurance than traditional cars. Insurance providers look at the likelihood your vehicle will be involved in an accident or stolen and how much it will cost to replace or repair.
• Mileage – The more you drive, the more likely you are to get involved in a car accident. If you only drive occasionally, you will qualify for a low mileage discount and save money on auto insurance.

The rates you will pay on car insurance also depend on your occupation, years of driving experience, driving record, accident claims and history of bankruptcy. Although you have no control over some of these factors, there are a couple of things you can do in order to get the best rates on your car insurancepolicy. 

Types of Cheap Auto Insurance

When shopping for cheap car insurance, it is important that you do a little research to learn more about the different types of coverage out there. Each state has minimum coverage requirements, but you need to evaluate your options and buy a policy that serves your interests. Here are the main types of auto insurance:

Liability Insurance

Most states require drivers to carry liability insurance. In the event of a car accident for which you are responsible, this type of insurance covers the medical bills, as well as the cost of repairing a house or any other property damaged in that accident. You may opt for bodily injury liability or property damage liability insurance. In case you decide to buy liability insurance, opt for a large amount of coverage. If you select limits that are too low, you will be required to pay out of the pocket for the amount above your limits. It is recommended that you purchase higher levels of coverage if you have a lot of assets to protect.

Collision Insurance

This type of auto insurance coverage pays for damage to your car as the result of a collision. The policy covers repairs, towing and other expenses less the deductible you choose. Insurance companies will only pay the value of your car.

Fully Comprehensive Car Insurance

As its name suggests, fully comprehensive car insurance offers extensive coverage in the event of an accident. This policy insures you against damage to your car, but it also covers medical bills, accidental damage, theft and fire. Since most insurance providers refuse to insure 100% of the value of a car, make sure you read the small print on your policy in order to find out what is included.

Uninsured/Under insured Motorist Bodily Injury

These two types of auto insurance pay for injuries to you and your passengers, as well as medical expenses and other damages caused by a driver who has little or no insurance. In some states, the number of uninsured drivers can reach 25%. Therefore, you should do some research and decode whether you need to buy this type of coverage or you can go without it. The amount of coverage you will receive when buying this type of insurance depends on the limits you choose. Keep in mind that the limits required in some states usually provide insufficient coverage.