Before you start shopping around, here are a few tips to help you get the best possible results.
There's no such thing as a one-size-fits-all premium rate. Every insurance company has a different way of looking at risk. More importantly, some insurers have preferences about the type of driver they insure. They use price to encourage or discourage people applying for a policy. So you might find a very attractive rate at one insurer and a very high rate from a different insurer. Hence:
» never assume the insurer who gave an attractive quote to your spouse, partner or friends will give you the same rate;
» always shop around, getting as many quotes from as many insurers as possible;
» take the time to compare the quotes to find the right level of cover at the best price.
You can't change your age, or gender, or your driving history, but many of the key factors considered by insurers are under your control.
Check out the safety ratings of the makes and models in the websites run by the Insurance Institute for Highway Safety and the National Highway Traffic Safety Administration. Choosing a model that has a high safety rating gives the best chance of lower car insurance quotes for liability cover. If you also want collision and comprehensive, you should check out the listings of hot favorites with car thieves and choose a model that's only rarely stolen.
If you drive an old model, live in rental accommodation, and have little or no savings, it's probably safe to buy the mandatory minimum liability cover for your state. Should you get into an accident, you can throw the old car away and buy a replacement. But if you have an auto loan, own your own home, and have a 401k and other assets to protect, you will need to buy more than the minimum liability cover to protect against claims, and have sufficient coverage on collision and comprehensive to repair or replace your own vehicle.
If you have years of experience with no claims, your rates will increase sharply if you add an inexperienced driver to your policy. So before you take any decision, get multiple quotes for the drivers separately and together to see which makes the most economic sense.
As a general rule, all drivers who only travel a few miles each week have a significantly lower risk of an accident. The best way to convert this into big savings is to opt for a pay-as-you-drive policy with real-time monitoring of your mileage and driving style.
The longer you avoid picking up a ticket or making a claim, the lower the premium rate you earn.
Accepting the first part of any claim can reduce your annual rate by up to 10%. Before you agree to increasing the deductible, calculate whether you can afford to pay the cash should the worst happen.