The RateZip Guide to Car Insurance

Auto insurance can be costly, often ranging from one to two thousand dollars each year. Yet, for most people, it’s a necessary expense, making it seem difficult to shop around for the best policy. But just because you need auto insurance doesn’t mean you have to pay an arm and a leg for it, nor do you have to do hours and hours of research just to find a policy that works for you. Take a look at these eight tips to start saving on your auto insurance!

Get Insurance Quotes Before Purchasing a Car

If you need insurance for a new car and haven’t decided on a specific car yet, consider getting insurance quotes before making a purchase. Premiums for auto insurance are based on multiple factors, including the value of the car, safety features, estimated repair costs, and risk of theft. Factoring the cost of auto insurance into your new car purchase could help you pick a vehicle that will cost less to insure. Search for vehicles that have high safety ratings or anti-theft features, as these are the types of cars most likely to come with a discount.

Compare Multiple Quotes from Top Providers

Whether you’ve had your policy for a while now or are looking to insure a new vehicle, it’s important to shop around and find a deal that works for you. RateZip has a free online tool that allows you to compare top insurance providers in just a matter of minutes. This is a great option for those trying to find cheaper premiums or better coverage. Even if you’re happy with your current insurance, it’s smart to use RateZip to double check that you really are getting the best deal for your money. Find a range of options that work for you and get multiple quotes, all in one place!

Choose a Higher Deductible

Opting to have a higher deductible will result in lower premium costs, providing you with savings if you don’t need to submit any claims. However, what if you do have to submit a claim? Will you have enough saved up to cover a high deductible? In instances such as these, building up an emergency savings fund can be beneficial, in order to afford a higher deductible and benefit from low premium costs. Check out this article for tips on building an emergency fund!