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How to Get the Best Auto Insurance for Affordable Prices?

Auto insurance is mandatory across the United States and depending on your age, location, and driving history, it could cost anywhere from a few hundred to a few thousand dollars. It’s an expense that every driver has and it’s one that’s often paid begrudgingly.

But just because it’s required in all 50 states, doesn’t mean you need to take the first offer you get, and it definitely doesn’t mean you need to pay over the odds. There are several ways you can save money on auto insurance while still getting the cover that you need.

1. Speak with the Experts

Finance Council is a referral company that was founded to help Americans secure cheaper insurance, clear problematic debts, and improve struggling credit scores. It works with a series of trusted credit and insurance partners that have helped over 500,000 consumers.

During your free 10-minute consultation, one of Finance Council’s advisors will guide you through whatever issues you have. They’ll point you toward the best and cheapest insurance, help you repair your credit report, and more.

There is no obligation to buy, no pressure selling, and the first phone call is completely free.

2. Understand How Auto Insurance Rates are Judged

Insurance is all about risk. When the risk is high, the likelihood of a payout is also high, which means the rates will be adjusted accordingly.

Young drivers are charged more because the research suggests they are more likely to be involved in an accident. The same applies to anyone charged with speeding or a DUI, as well as those with existing at-fault accidents on their records.

Understanding what the underwriters consider allows you to make some changes here and there, potentially saving a few bucks in the process:

  • Your Habits: Mileage doesn’t play as big of a role as you might expect, but it is still factored into the equation. Generally, if you cover lots of miles, drive late at night, and drive through busy areas, you may pay more.
  • The Type of Car You Drive: Does your car have any safety features; does it have a high safety rating and is it more likely to be stolen or vandalized?
  • Age, Homeowner Status, and Marital Status: Married drivers and homeowners pay less than unmarried renters, and you’ll also see those rates reduce as you get older. Drivers aged 16 to 20 pay the most, and rates will continue to fall until you reach your senior years.

3. Look for Discounts

Most car insurance companies offer discounts. Some of these are required by state law, others are there to encourage drivers to make smarter decisions. They include:

  • Good Driver Discounts: Offered to drivers with a clean record (no at-fault accidents or tickets).
  • Student Discounts: Include savings for students who maintain a high grade point average, as well as those studying away from home.
  • Payment Discounts: Choosing auto-pay or paperless billing could secure small savings, and most insurers will also reduce your policy costs if you pay for everything upfront.
  • Membership Discounts: Being a member of certain groups, including those aimed at healthcare workers and seniors, could shave a few percentage points off your premiums.
  • Safe Driving: If you prove your skills by completing a defensive driving course, many insurers will give you a discount.

4. Change your Coverage and Deductible

Higher deductibles mean you will pay more in the event of an accident, but they will also reduce your monthly premiums. Determining the ideal range is a careful balancing act, but while it’s tempting to set the deductible as high as it will go, this could leave you in serious hot water if you’re involved in an accident.

Your coverage options should also be considered. Most states require a minimum level of bodily injury and property damage insurance, and these cover you for the damage that you cause to other drivers and cars. Some states also require you to purchase underinsured/uninsured motorist cover, which covers you in the event of an accident with an uninsured/underinsured driver.

And that’s not all, either, as you also have comprehensive coverage, collision coverage, medical payments, and personal injury protection.

There’s a lot to consider, and that’s why many motorists look to services like Finance Council when they need assistance.

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