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In Consideration Of Affordable Auto Insurance

American Government Special Collections Reference Desk

In Consideration Of Affordable Auto Insurance

Nathan Roberson
November 23, 2012


Having adequate auto insurance is important, but so is keeping the premiums and deductibles at affordable rates. If you find yourself scouring the web in search for the cheapest car insurance out there, chances are you're not alone. In fact, in 2009 there were nearly 2 million registered drivers in the United States. With all those drivers cruising around, and with 48 states requiring drivers to carry liability insurance at a minimum, it should be no surprise that people everywhere are looking for affordable solutions. To find the best deal, consider the following:

1. Do You Really Need Comprehensive and Collision?

Comprehensive and collision endorsements are optional in all 50 states. They have their place in the insurance world, and they can really be advantageous in many situations, but there are circumstances which exist when comprehensive and collision policies might not be necessary. If you have an older vehicle, for instance, and you are planning on replacing it in the next few years, paying the extra in premiums might not be worth it for you. Comprehensive coverage would provide protection against theft, and damage that might occur from a fire or a severe hail storm. Assuming the risk for these losses might make sense if you have an old car.

2. What about Discounts?

Many insurance companies offer considerable discounts based on a clean driving record. If you're a cautious driver, you might not be as much of a risk to insure simply because you might be involved in fewer accidents. Many insurance companies offer discounts based on the following:

- Being accident free. Sometimes this is termed "safe driver discount," and it can include going 3 or more years without an accident or traffic ticket. Individuals who are not involved in accidents and who do not get tickets are less costly to insure.

- Having good grades. This is generally available for high school and college age kids, and is based on grade point average (GPA). The insurance company theorizes that kids with good grades tend to be more responsible. Proof of good grades is required to obtain the discount.

- Having an effective anti-theft device. If you have a new vehicle it might be worth it to install an anti-theft device. It can save you 15-20% in insurance premiums.

- Being a long term customer. If you stay with an insurance company for a number of years they may reward you with a discount.

- Insuring multiple cars. Having more than one vehicle on your insurance policy can also grant you a discount with many insurance carriers.

3. Get Multiple Quotes and Choose the Best One.

When it comes to looking for auto insurance, there are a lot of resources online. You can even get real-time quotes online so you can carefully compare insurance policies from one company to the next. A few words of caution, however, make sure you compare equivalent policies from company to company, otherwise you will have inaccurate information and you could inadvertently select a more expensive plan.

When looking for car insurance there are lots of options. If you're worried about talking face to face to an insurance agent and would rather do your research from the comfort of your own home, you can go at it online or over the phone. Determine what kind of insurance plan you want first, look for policy discounts, and obtain more than one quote. Taking the time to carefully weigh your options can provide you with insurance that is both affordable and adequate.

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When looking for car insurance there are lots of options. Determine what kind of insurance plan you want first, look for policy discounts, and obtain more than one quote. Taking the time to carefully weigh your options can provide you with the cheapest car insurance available. For more resources on car insurance, talk to the experts at http://www.ifaauto.com



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