Everyone loves saving money, so it’s understandable that you want the best deal on car insurance. If you’re wondering how to get the best car insurance rates, we’ll take you through ten easy ways to save. The cheapest car insurance in Texas for families doesn’t always guarantee the best value. These ten simple steps will help save you money without sacrificing proper coverage.
Just because one company is cheaper for a friend or family doesn’t mean it will be the cheapest for you. One of the ways to get cheaper auto insurance is by getting quotes from multiple insurance companies. As you’re looking at quotes, don’t just look at price.
One company may look like the cheapest for your family, but if it doesn’t contain as much coverage as another company, you’re not getting a true price comparison or the best value.
Check With Smaller Companies
You probably know the big four insurance companies and see advertisements all the time claiming one of them can save you the most money. If you want to know how to get the cheapest car insurance, check with other companies like local and regional carriers. These companies often have higher customer satisfaction ratings and they may have lower car insurance rates.
Ask About Discounts
The cheapest car insurance for Texas families often comes from getting discounts that lower your rates. You could qualify for discounts if you have multiple policies, have more than one car on a policy, have a great driving record, pay your premium up-front, enroll in online billing, or are a member of certain professional organizations or affiliate groups.
Try to Boost Your Credit
Another way to get cheaper auto insurance is by raising your credit score. In most states, your credit score is a big factor in how your car insurance rates are determined.
Unless you live in California, Hawaii, Massachusetts, or Michigan, a poor credit score can increase your rates by hundreds of dollars a year. If you improve your credit score, you could be on your way to better rates.
Reduce Unrequired Coverages
If you have an older vehicle with a lower market value, it might be worth considering removing collision or comprehensive coverage that covers damage to your vehicle. Since the payout in the event of a claim can be limited because of market value, it may not make sense to pay for that coverage.
Although, this is not one of the recommended ways to get cheaper auto insurance if you still have a payment on your car because your lender will require you to keep that coverage.
Raise Your Deductible
You can get the best car insurance rates by raising your deductible. Simply increasing your collision or comprehensive coverage deductible can save you between 15-30% on that portion of your premium.
If you raise the deductible to $1,000, you could save up to 40%. Keep in mind that a higher deductible means more money out of your pocket in the event of an accident or claim.
Look Into Group Insurance
Some companies offer reduced rates to drivers that get insurance through a group plan from employers or business and alumni groups, other associations, or schools. You should check with your affiliated organization to see what discounts they offer.
If you work for a large employer, you may have access to a reduced-rate group car insurance. Colleges and trade schools often offer their students, staff, and alumni groups car insurance discounts as well.
Buy the Right Type of Car
There are many features and specifications of a car that can play a part in what it costs to insure. You might thinking that a cheap car is cheaper to insure, but that is not always the case. A more expensive car will cost more to replace, so the premiums may be higher, but a cheaper car may be more vulnerable in an accident and that can also affect your family’s premium.
Car insurance rates on average tend to be lower for the Subaru Outback, Jeep Wrangler, and the Honda CR-V. When you start to shop for cars, begin checking around to see what kind of insurance rates are the averages for the make and models you are considering.
Keep a Clean Driving Record
A poor driving history can be a red flag to insurers and cause your rates to rise. The cheapest car insurance rates for families usually goes to those who do not have speeding tickets, accidents, or DUIs on their records.
Being a good driver can save you up to 25% on your total premiums! Your company will require you to have a clean record for three years to keep the discount. Drive sensibly and avoid violations and collisions.
If you drive less than a specified number of miles per year, usually 7,500 to 10,000, you can get a reduction in your base insurance rates. Since you are driving less than the average driver, you are considered less of a risk.
Your insurance company may require you to install a small device that tracks and transmits your mileage data to the company. If you stay under the threshold, you keep the discount.
Let LOOP Help
If you or your family is looking for the best value on car insurance in Texas, LOOP is for you. We’ve got a quick and easy process that makes purchasing insurance a breeze. Get a quote today!
Cheap Car Insurance FAQs
How do I lower my car insurance rates fast?
If you need to lower your rates as soon as possible, the easiest way to do that is by raising your deductibles for comprehensive and collision coverage and removing any optional coverages from your policy.
What is the simplest way to lower my car insurance premiums?
The simplest way to save on car insurance premiums is to shop smart. Understand how expensive insurance might be for a car before you make the purchase and shop around with different insurance carriers to look for the best value.
Can I ask to lower my car insurance premiums?
You can contact your insurance agent any time to go over the coverages on your policy and look at areas where you might find savings. You cannot be “granted” a lower premium, but you can look for ways to reduce optional coverages or add discounts you weren’t aware you were eligible for.