3. Ask about discounts:
Often times, membership in a professional organization - such as the American Automobile Association - can provide a discount up to 10% of your premiums. Other discounts involve being a homeowner, holding another type of insurance policy with the provider, holding a college degree or even working in a certain profession, such as a teacher or engineer. Discounts reduce your premium without affecting your coverage.
4. Check on accident forgiveness:
With some insurers, submitting an accident claim results in higher premiums as you get bumped from a lower-risk group into a higher-risk group. However, some providers offer accident forgiveness. This benefit rewards safe, accident-free drivers; if you've got a clean record for a specified period of time (depends on the policy), your rate won't go up if you're at fault in an accident. Find out if a provider offers accident forgiveness, and if you qualify under their terms -- which usually means having a clean driving record to start with.
5. Research the company:
While there's no harm in searching for cheap insurance coverage, it's also a good idea to make sure your insurance provider will be there when you need them. Check with your state's department of insurance (
for contact details) to make sure there aren't any major consumer complaints pending. BankingMyWay also has rankings of the
25 best auto insurance providers
, ranked by financial strength.
Once you've hit the right balance of low premiums, good coverage and a dependable provider, you'll be all set for some carefree cruising.