Affordable Auto Insurance
Five Tips for Finding Affordable Auto Insurance
Live in a less populated area
Statistics show that if you live in a densely populated state, your car insurance premiums are likely to be higher. This is not only due to the increased risk of accidents due to traffic, but also because your car is more vulnerable to theft and vandalism. In 2008, Detroit was found to be on average the most expensive city for auto insurance premiums – people there pay, on average, a whopping $4,759 each year on car insurance; whereas someone from Norfolk, VA will pay only $954 on average.
Think about car insurance prior to buying a car
Make sure that you will be able to get affordable auto insurance for a new purchase – car insurance premiums will differ according to the age of the car, its safety record, and the costs to repair it. The Insurance Institute for Highway Safety can provide you with information to help you decide the best car for you – cost-wise.
Decrease insurance coverage for older cars
In order to get more affordable coverage for an older car it may make sense to opt out of a comprehensive policy simply because your car may not be valuable enough to warrant the cost.
Take out affordable auto insurance you’re your home insurance provider
You may be able to get more affordable auto insurance by taking out your home insurance from the same insurance company – so called "loyalty" or "dual" discounts are often available for doing so.