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What Are 10 Easy Ways To Get Cheap Car Insurance?
Jeff Ryan - CLU, ChFC, AIA, CIC, CPCU
October 19, 2022
If there was an easy way...
Easy is cool.
Earning a cheaper rate on car insurance? Maybe not as much.
Can we be real for a second? If obtaining a cheaper car insurance rate was “easy”… wouldn’t everybody be doing it? Here’s the truth.
You earn a lower rate on your auto insurance.
You don’t obtain it through some “cheat code” or finagling it another way.
Anybody serious about reducing car insurance costs can make that happen. There are strategies you can employ that produce short-term and long-term positive results.
Want to know how? Here’s a post that will help: Factors That You Control When Trying To Lower Your Car Insurance Rate. In a nutshell, the factors include:
- Your Driving Record and Habits
- Taking a Defensive Driving Course)
- How Much You Drive
- Proper Use of Deductibles
- Your Credit (Insurance Score)
To see HOW you can control those factors, click here.
This article may have been originally published at Quora.com.
To see Jeff's Quora.com profile click here.
“Am I covered if I drive someone else’s car?” Or, “Am I covered if someone else drives mine?”
Many don’t realize that the insurance industry is one of the country's most regulated business segments, especially in New York State. The New York State Department of Financial Services (NYS DFS) wields significant control over the insurance business and has a stated goal of protecting consumers.
Most property insurance companies offer Actual Cash Value or Replacement Cost settlement options. Typically, insurance companies will require that you insure the property to the settlement value you choose. If you select Actual Cash Value, the amount you may be required to insure the property for will be less than the corresponding Replacement Value.
In that spirit, the Ryan Agency is sponsoring a Stearns BBQ Dinner pickup at our office on 57 Broadway Mall in Hornell on September 12th from 3:00 PM to 4:30 PM.
Today, an individual’s credit history can play a more significant role than any one of those traditional factors. Good Credit Scores lead to a Positive Insurance score. A good Insurance Score greatly influences what someone will pay to insure their vehicles.
Insurance companies offer various discounts for which their policyholders may qualify.
Great Eight number Six (6) suggests taking a look at removing Comprehensive and Collision on Older Vehicles.
By reducing the number of claims in your insurance history, you can significantly affect your rates in the future.
Sometimes, this concept meets with resistance from policyholders. The thought of paying more in the event of a claim is off-putting to some. Even if that means I pay more for my insurance.
OK. Admittedly, this strategy doesn't benefit everyone, but it can be very beneficial for those it does. You may have unique home or auto insurance needs that prevent you from bundling with the same company. Alternatively… you might have a better rate without the bundle discount by splitting up your insurance between multiple carriers.
