It is always advised to look for affordable car insurance as the money saved can be utilized in some other productive ways or it may prove to be useful at the time of financial crisis. This is the reason one should look for those insurance companies whose premiums are the lowest possible ones. One should avail each and every discount he is eligible for. This can be done in several ways like comparing the companies and making a thorough research.
When it comes to buy affordable car insurance one is his own advocate. Though it is not that easy but then, it is not that hard either. What one needs is to take a little time and follow the following simple steps which are sure to guide in finding the lowest insurance rates without getting ripped off.
Always know the self limits: There is a predetermined set of minimum liability of the insurance coverage, both for human injuries and the damages to the vehicle. One should opt for a balanced insurance and act according to his personal requirements. If the vehicle is new he should opt for more liability towards the vehicle. If it is old then he should opt for liability of the body only which will save money.
The less stylish and least expensive the car is, the less will be the rate of insurance. It is therefore advised to go for an inexpensive car than an expensive one. Or second hand vehicles in good condition will the best option.
Calculate the highest possible deductible and act accordingly. It is a calculated risk which will surely lessen the upfront payment. But it will prove to dearer when the vehicle meets an accident. So one should calculate the amount of risk he is ready to take.
Keeping a high and good credit score is always helpful as the insurance companies are more than willing to give discounts to those with a good credit score.
Find an appropriate agent who is reliable enough and whose past records are all positive and proven. Tell him about the research you have done and what discounts you are offered. Ask him if he can give a better deal. Chances are you will get a better deal.
Insurance companies give good discounts to drivers with short commutes, students with good grades, retired persons etc. In addition to these if a vehicle is fitted with self alarm system it is given discount as the chances of theft of this type of vehicles are very few. So it is advised to buy a vehicle on the name of student or a reputed driver.
Search for the state run insurance companies nearby as the premiums levies by them are less than the private insurance companies. These companies provide insurance to those who are below poverty line.
Dont go for additional riders as they attract additional premium. Instead, if you own old vehicle consider dropping comprehensive and collision coverage which will save big bucks.
The process of elimination should be followed to select the best and the lowest premium offering company.
Last but not the least one should always make an assessment of his personal insurance needs and how much premium he can actually afford and must act accordingly.