Use these tips to find out how
Everyone's looking for ways to save money. This is especially true for young drivers, who often pay higher rates than older, more experienced drivers. It's natural to want the top deal for car insurance.
By adjusting your coverage, limits and deductibles, you may change the price you pay. And most insurance companies offer discounts based on good grades, multiple policies (such as homeowner or renter insurance) and more.
When you combine these deals, you can customize a policy that balances your needs and your budget and delivers responsive customer service if you need to file a claim.
Here are some smart ways to save on auto insurance. Keep them in mind as you compare rates.
1. Take advantage of discounts
One way to get cheap car insurance rates is to determine the various discounts available to you. Learn more about Nationwide's various discounts on car insurance including savings for multi-car policies, safe driving records and membership in select affinity organizations, such as the Farm Bureau (in selected states).
2. Consider driving a used car or a sedan
Pre-owned vehicles can be cheaper to insure than new, so if you’re purchasing a car, visit the used lot. Reliable family sedans versus SUVs and sports cars (especially convertibles) are usually less expensive to insure, especially in busy environments. Owning cars with anti-theft devices may also lower your cost.
3. Adjust your coverage
If the quoted rate is just a bit out of your price range, you might lower it by changing or even removing some coverages. For example, if you drive an old car, consider eliminating collision or comprehensive car insurance coverage. If your insurance premium is greater than 10% of your vehicle's actual value, consider dropping these two coverages in favor of lower premiums. Keep in mind that if you have an at-fault accident with no collision or comprehensive coverage, you would be responsible for repairs to your car.
4. Raise the deductible
You may consider raising your deductible to get cheap auto insurance coverage. Moving from a $250 to $500 deductible may reduce your insurance up to 20%. But remember that you'll be responsible for paying this higher deductible if you have a claim.
5. Ask about extras
Before you select a company with cheap car insurance rates, find out if there are extras or policy options that may benefit you. For a similar price, one company may offer many additional benefits than another. Nationwide, for example, offers an On Your Side® Review, a free insurance assessment that helps you make sure you have the coverage you need. Nationwide also offers Accident Forgiveness and Vanishing Deductible® options for purchase that may reduce the cost of your insurance over time.
Get a quote to compare car insurance online
Start your search for the best insurance by getting an online car insurance quote.