Hello, I’ve been searching for auto insurance quotes online from a variety of providers for both myself and my wife, yet the rates are consistently around $300 per month, which seems excessively high. Currently, I’m paying $290 with AAA and I’m aiming to lower this cost without settling for minimal coverage.
We have one financed vehicle and another that we own outright. My wife’s last accident was in May 2019 and she has no tickets. I received a speeding ticket in July 2021 for exceeding the speed limit by less than 10MPH. She is 23, holds a bachelor’s degree, and I am 25; both of us have good credit scores.
We reside in Nevada. Despite reaching out to local insurance brokers, I’ve yet to receive a response.
Get quotes from an independent insurance agent who works with different insurance companies.
They will look at what you need and find the best options and prices for you.
You can then check out the insurance companies yourself to see if they are good.
Sure, here are 5 clear and simple tips to get cheaper car insurance:
Shop Around: Compare quotes from multiple insurers to find the best rate. Use online comparison websites and consult with insurance brokers for comprehensive options.
Increase Your Excess: Opting for a higher excess can lower your premium. Ensure the excess amount is affordable in case you need to make a claim.
Trim Unnecessary Coverage: Evaluate your policy and eliminate coverage you don’t need, especially for older vehicles. Consider third-party, fire, and theft cover instead of comprehensive insurance.
Embrace Safe Driving Habits: Drive cautiously and consider telematics or black box schemes. These devices monitor your driving behavior, potentially earning you significant discounts.
Look for Discounts: Inquire about available discounts, such as those for installing security devices or being a member of certain organizations. Don’t overlook affinity group discounts or multi-policy bundles.
Ensure that you avoid future accidents. I had an accident when I was 18 and I’ve really struggled to clear my name with insurance companies. They simply won’t stop charging high premiums.
Also, the older you get, the cheaper they might charge
Monthly auto insurance is far more expensive than buying it altogether, therefore avoid doing so. If you are unable to pay the annual lump sum in one go, pay off your credit card debt each month during the 0% introductory period. I can never understand why people choose to pay their insurance on a monthly basis instead of managing and consolidating their debt on their own.
If you can afford to pay for your policy in full rather than in installments, you should be able to receive a discount. We pay our premium every six months, and we save roughly 10% by doing so.