The cost of auto insurance is one of the largest monthly expenses for any driver. In addition to liability and collision coverage, most drivers must also pay an annual fee for personal accident benefits, medical coverage and uninsured motorist coverage. If you’re looking for a cheaper car insurance policy, haggling may be your best option. Haggling is a technique that involves negotiating for a cheaper price on goods or services. Depending on where you live, the car insurance market may be highly competitive, which can mean lower prices for customers who are willing to ask about costs. To help you get the cheapest deal possible on your car insurance policy, we have compiled some tips to haggle for a cheaper car insurance policy.
Ask for a better price up front.
Many car insurance companies will offer you a quote over the phone or online without knowing very much about you or your driving history. This initial price is likely just a ballpark figure and probably not the best deal available to you. When you purchase a car insurance policy, be sure to ask for a better price upfront. You have nothing to lose by asking and you may end up saving a lot of money. If you’ve been with the same car insurance company for a while, you may be able to get a better price. Tell the company you are shopping around and see if they will match the price offered by another company.
Negotiate based on the type of car you drive.
If your car is paid off, you can try to negotiate a lower rate based on the fact that you have a cheaper car. If you drive a car that is considered a more expensive model, you may have to pay a higher rate. If your car is older, you may be able to negotiate a lower rate, as well. Newer cars are typically more expensive to insure. If you are driving a car that has safety features such as anti-lock brakes or automatic seat belts, you may be able to get a lower rate.
Try to bundle your car insurance with your mortgage.
If you are financing your car, your lender may be able to bundle your car insurance with your mortgage. This can help you get a lower car insurance rate, since your lender is guaranteeing the policy. If you own your car free and clear, you may be able to bundle your car insurance with your homeowner’s insurance policy. This may help you get a lower rate on both policies.
Research and find the best deal.
If you are at the point where you are ready to start shopping around for a car insurance policy, make sure you do some research first. You may want to compare rates at several different insurance companies. You can also compare rates online at sites like carinsurancestores.net. Car insurance companies use several factors to determine how much you will pay for coverage. Your age, the type of car you drive, your driving record and your gender are just a few of the factors used to calculate your rate.
Shop around every six months.
If you’ve been with the same car insurance company for a while, it may be time to shop around again. Car insurance companies change rates frequently, so the best rate you can get may not be the same rate you started with. You may also want to shop around again if you get married, have a child, purchase a new car or make any other significant life change. Any of these changes could impact your rates.
Ask for free perks.
If you are shopping for car insurance, you may want to ask about free perks as well. Some insurance companies offer discounts for things like driving less than a certain number of miles per year or maintaining a good driving record. Others may offer you a lower rate if you install a device in your car to track your driving habits. Ask about any free perks that may help you get a lower rate on your car insurance policy.
Try to get an even lower price with a coupon or promo code.
When you shop for car insurance, you may notice that certain companies offer coupons or other types of discounts that could help you get a lower rate. Some online car insurance companies may offer a coupon or a special deal. Check the company’s website to see if they have any special offers available. These coupons and special offers may help you get an even lower price on your car insurance policy.
Summing up
Getting a cheaper car insurance policy can be as easy as asking for a better price or shopping around for the best deal. You can also try to bundle your car insurance with your mortgage or homeowner’s insurance policy, or you can install a device to track your driving behavior. If you follow these tips, you may be able to get a cheaper car insurance policy.
