How to Save Money on Car Insurance For New CarsApril 29, 2016
A Little Preparation Can Save Money On Insurance Payments
Everyone wants save money on car insurance payments. Car insurance is something all drivers must have in the United States and we don’t want to pay more for it than we have to. Car insurance for new cars can be particularly challenging as most of us don’t consider the added cost of insurance until it’s time to get a quote. This is where a little planning can get you some significant savings. Compare.com has come up with a few ways to help reduce the cost of car insurance for new cars.
Pick the Right Car to Save Money on Insurance Payments
The car you drive affects your car insurance premium. For example, a used car is less expensive to insure than a brand new car. We recommend getting insurance quotes for your prospective vehicle prior to purchasing it. That way, you’ll know what to expect as far as car insurance payments go. Some cars may have higher insurance premiums than you expect, or they could have lower premiums, which mean you could take those savings and go up a trim level or get that sweet stereo package you really want.
Keep your Auto Insurance Policy Up to Date
If you bought a new car a while ago, but haven’t updated your policy in a while, you might want to look over your coverages. Raising deductibles, eliminating unnecessary coverages, and lowering certain coverage limits on your older vehicle are great ways to save money on your car insurance payments.
Pay for your Policy Up Front
Most insurance companies charge you extra to make monthly insurance payments. You could be saving a lot of money by paying for your policy all at once. Plan ahead and start saving money now so that you can pay your whole policy up front when it comes up for renewal, just be sure to let your insurance company or agent know your intent to pay in full at least 30 days in advance as they may need to log that change in their system ahead of time to prevent you from being enrolled in monthly payments. See the difference between monthly and up-front payments by getting a quote for car insurance for new cars on compare.com
Buying auto insurance can be a confusing and disoriented process. We want to make sure that our users can make informed choices about their car insurance, selecting from as many options as possible. Read our Auto Insurance Buying Guide to educate yourself before you start a quote.