How You Can Get Cheap Car Insurance!

Even you can get cheap car insurance!  Having cheap car insurance means that you are purchasing the bare minimum amount of coverage necessary to provide a benefit for any damages or other loss suffered as a result of an accident or theft. Getting cheap car insurance requires some steps on your part to locate and research quotes from different insurance companies in order to make sure you get the level of coverage that you can afford or are willing to pay for.

Risk Factors Considered

The factors that go into determining the cost of a car insurance policy include the type of vehicle being insured, the age of the car, the condition of the car and your driving habits and record. These factors are all risk criteria used by the insurance company to determine the value of the benefit they provide. The more risky you or the car is to insure, the more you should expect to pay in premiums. To obtain a cheap car insurance policy, you should look at what risk factor you can control in order to contain your costs and lower your car insurance premiums.

Your Driving History

Your driving history is an important factor to consider. If you have a lot of speeding tickets, moving violations, or other risks including DUIs, you are going to have problems finding a cheap car insurance policy, if you are able to find coverage at all. Some states require that an individual driver who is uninsurable obtain S-22 coverage, which is the bare minimum collision and liability coverage that protects the interest of the other motorist and not you. S-22 can be very expensive and is not option that you want to consider to meet your car insurance needs.

Raising Your Deductible

Assuming that your driving history is acceptable, you want to look at ways to make the car insurance as cheap as possible, while also providing adequate coverage that protects you against any personal liability or out-of-pocket expense. A deductible can be used to lower your premium costs and increase the cost to you in the event of theft or damage to your car. The deductible is a controllable variable that has a direct relationship on your premium cost and should be considered.

Limit Your Coverage

You can choose to forego damage and repair coverage and any other benefits that will aid you should you be a victim of an accident and opt instead for basic collision coverage. This will cover your liability in the event of an accident but will not provide you with the benefit necessary to repair your vehicle. You may also decide to not accept coverage for uninsured motorists, which means that if you are hit by a driver with no insurance, you will need to pay for all necessary repairs.

Cheap insurance should be adequate insurance. What you save in premium costs should not be to the detriment of you being able to fix or repair your vehicle in the event of an accident where another party or even you may have been at fault. You should weigh carefully what elements of a car insurance policy you can do without and have a contingency to meet your needs in the event of a loss.


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