If you feel as though high car insurance premiums are stifling your lifestyle and making you crazy, then you should check out the advice offered by Consumer Reports. No matter what types of coverage you want. The magazine has helpful tips to find the best auto insurance rates for Americans.
Start by picking a top-rated insurer.
“Don’t be short-sighted. It’s not just about getting the lowest premium. You want to make sure you get a company that’s going to pay your claim, in a reasonable amount of time and gives you good service,” said Tobie Stanger, Consumer Reports Money Editor.
Once you set your deductible, it’s important to choose the right amount. You can reduce your monthly premium by increasing your deductible, but you’ll pay more out of pocket if you have a claim.
“It’s generally a good bet, just make sure you have enough to pay that deductible if your luck runs out,” said Stanger.
If you’re a safe driver, you can lower your car insurance rates by asking about discounts for things like good grades, safe drivers, or people who take defensive driving classes.
Having a good credit report is pretty important to your financial planning.
And also consider bundling your policies. Even though you may not like the idea of combining two policies into one, it is an excellent option when it comes to saving money on auto insurance. There are plenty of good reasons you can consider getting insurance through the same company covering your home insurance.
By sticking with the same insurance company for a long time. Consumers risk not getting the right amount of coverage or paying more than necessary. Today’s economy is changing, and people are starting to shop around to find better deals. The New York Times suggests that people should always be comparing insurance quotes to make sure they’re getting the best deal.