Car insurance is a pricey investment that can often end up costing more than an actual vehicle over the life of the car. However, a car insurance policy is necessary to cover the costs that follow a car accident or breakdown, which is why anyone interested in finding an affordable auto insurance plan should research various companies to find the insurer that works best for them.
Auto insurance will cost $80,000 for the average American
The average American spends more than $80,000 on car insurance in their lifetime, a staggering amount that is almost four times the cost of a median-priced new automobile. Being responsible with finances and having a good driving record are both habits that can help consumers pay less than the average and lock in discounts other drivers may not qualify for. Many insurers offer good driver discounts for both adults and teens, a measure that can allow parents to save money when their children obtain drivers licenses. Furthermore, the website said most auto insurance companies check consumers’ credit scores during the application process, which they use to determine the applicant’s financial standing and fix premium rates.
Affordable auto insurance for people with poor credit
Those shopping for affordable auto insurance that do not have fantastic credit can still find ways to lower their rates. Although it may require a significant out-of-pocket payment in the event of a crash, raising a policy’s deductible – the amount paid before insurance coverage begins paying for repairs – is a sure way to lower monthly premiums. Consumers who own vehicles that are over a decade old can also save money by dropping unnecessary coverage such as comprehensive insurance, as full coverage may result in the policyholder paying more in auto insurance than their car is actually worth.
Defensive driving courses can help with getting a cheaper car insurance quote
Taking classes such as a defensive driving course is another way car owners can obtain cheaper insurance. Classes are now offered in person and online to appeal to a variety of motorists. For instance, the site said some weekend classes can be quirky, with some taught by entertainers and comedians, while others may meet in a restaurant. Parents who are interested in saving money covering their teen drivers can have their child participate in a Graduated Driver Licensing program, which the Centers for Disease Control and Prevention said can instill safe driving habits in young motorists, resulting in a lower number of car accidents and less expensive car insurance premiums.