As you probably know if you’ve ever looked for auto insurance before, it can be difficult to know which company, and what policy to choose to fit your needs. Many companies are untrustworthy, and others charge way more than they should. In addition there are common mistakes that individual’s make that affect their premiums. Read on for tips and tricks for weeding out the good from the bad.
If your car is considered a classic vehicle, you can get what is known as classic car insurance. This is often far less expensive than traditional insurance. If your car is of extreme value though, you will want to insure it for enough to replace it in the event it is wrecked or stolen.
If you have a student in college who is not driving one of the family cars, speak to your auto insurance company about a discount. Most insurance companies understand that a resident student is unlikely to be driving your car very often while they are away at school, and will offer a discount comparable to removing them from the policy.
You can help your child out by adding him/her to your auto insurance as an authorized user. If your kid is a good driver, not only will he or she be able to save money on future policies, but the “authorized” label on the insurance policy will also bode well for their credit score, giving them a great head start in the credit department.
Use social media to your advantage when shopping for an auto insurance policy. Check what real drivers are saying about insurance companies via websites, forums and blogs. By going the social route, you will find out the truth about an insurance company, not the hype the insurance companies themselves pay to put out.
Buy an older and cheaper vehicle. Most insurance companies will only allow you to put liability of older vehicles, automatically lowering your premiums. If you do have greater coverage, your rates will be lower anyway, because the insurance company knows you will not be paid much for your car in the event that it is totaled.
With a little foresight, you can avoid common mistakes that can cause people to pay higher premiums than necessary or end up with inadequate cover. As you can see, once you are armed with some of these facts and suggestions, it is a lot easier to get what you need. You may also be able to save some money in the process.