How to Get the Best Car Insurance Rates for Your Family
Tuesday, October 8, 2019, 6:00 AM | Leave Comment
Getting the best car insurance rates is often problematic for families.
If you have teenagers, this can present even more of a struggle.
Here are some guidelines to follow when it comes to getting the best rates for your whole family.
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Determine Coverage Needs
Determine the needs of your family when it comes to getting car insurance. For example, an older car doesn’t need to have comprehensive and collision insurance. This will just drive up your rates unnecessarily. Another thing to consider is your deductible. Having a higher deductible can work to your benefit when it comes to lowering your overall premium. If you use your insurance frequently, you may want to consider having a lower deductible to balance your out of pocket expenses.
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Shop Around
Not all insurance companies and plans are created equal. Shop around so that you can get the best rate. You may be able to use online tools in order to compare plans in the most effective manner. Another option is to use independent insurance agents to get the best deal on car insurance. This method works because these types of agents aren’t affiliated with any particular company. The only thing that they have to worry about is retaining you as a customer and ensuring that you’re happy with their service.
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Factor in Usage
How much you drive should play a part in how much you pay for your insurance. Look into using a mileage counter or even a pay by the mile type of plan. This could work to reduce your rates when you don’t drive much or only use one of your vehicles occasionally. Some insurance companies will offer you a discount for lower mileage vehicles. It may work to offset some of the costs when it comes to adding your teenagers onto your insurance plan.
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Evaluate Credit Rating
Your insurance credit rating is slightly different than your credit score. This is where the insurance company evaluates your level of risk to them. It takes into account your credit score but also works to try to evaluate how likely you are to file a claim. Paying your bills on time also works to your benefit when it comes to lowering your premiums. Setting up autopay may qualify you for discounts with your insurance company.
Car insurance rates can vary depending on a variety of factors. Use these tricks so that you can get the best rates for your family without having to sacrifice your level of coverage.
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Brooke Chaplan is a freelance writer and blogger. She lives and works out of her home in Los Lunas, New Mexico. She loves the outdoors and spends most of her time hiking, biking, and gardening. For more information, contact Brooke via Facebook at facebook.com/brooke.chaplan or Twitter @BrookeChaplan
