3 Easy Steps to Get the Cheapest Car Insurance Quote
In this recessionary world where everything seems to be going up, one wonders if there really is a simple strategy one can use to lower the cost of auto insurance. After all, we all know that insurance is a grudging purchase that, if possible, we’d rather do without.
In this article, we want to look at three very easy steps you can take starting today to get the cheapest car insurance quote.
Your first course of action is to try to lower your overall risk profile before undertaking the next two steps. Let’s take a look at some of the steps you can take to lower your overall risk profile.
Reducing your overall risk profile is not as difficult as it sounds, and there are several ways to do it. The first thing you can do is focus on improving the safety aspects of your vehicle. Vehicle protection devices such as alarms, immobilizers, anti-theft units often improve the overall security of your vehicle and entitle you to discounts.
However, you must install quality security devices that are recognized in the insurance industry. Of all the security devices that are available on the market, a tracking device will give you the highest discounts with almost every insurance company you request a quote from.
Another key aspect that improves your risk profile is the security of your parking lot at night. Virtually all insurance companies will inquire about your parking arrangements in an effort to determine the risk of theft based on where you park the vehicle at night. While parking your vehicle on the street will give you the worst risk rating, resulting in very high premiums, parking your car in a locked garage will give you long-term savings on your car insurance.
Other areas you may want to consider regarding improving your risk profile have to do with developing a safe driving record and ensuring that you remain insured at all times. This effectively lowers your overall risk profile and positively impacts your no claim bonus rating.
The second key step in getting the cheapest auto insurance quote is to insure your vehicle for the correct value. Most people mistakenly believe that the correct value for which their vehicles should be insured is the retail value. However, the simple truth is that in the event of a total loss of your vehicle, your insurer will not pay you the retail value, even though your premium was based on that amount.
Therefore, the best value for which your vehicle should be insured is market value, or better yet, trade value.
Finally, you must make a dedicated effort to collect and compare as many citations as possible. The real secret to dirty cheap auto insurance quotes lies in comparing multiple quotes. The good news is that the advent of car insurance comparison sites has made it extremely easy to search for cheap car insurance quotes. With a comparison site, you can easily compare multiple quotes for dozens of insurance companies with just one click.