How do I get cheap car insurance?
I'm starting to shop around for a car, but even a used one is going to drain my savings. With most of my money going to the car, I need to make sure I'm getting the cheapest insurance possible. How do I do that?
“There are a few different ways to save on car insurance.
Ask about discounts. Maybe you have low mileage, or good driving habits. Insurance companies offer discounts on insurance for many reasons if you ask about them!
Consider your deductible. If you don’t drive frequently and are comfortable accepting some financial risk, raising your deductible can save you money. This does entail paying more out of pocket in the event of an accident, but if you’re willing to take the risk–and can afford a higher deductible during an emergency–it’ll definitely save you money in the short term.
Know what coverage you need. You should always be covered for the things you need, but with older cars, it can be worth it to reconsider collision and comprehensive coverage, which only pay up to your car’s current value, sans deductible. Since cars depreciate in value rapidly, cutting collision and comprehensive coverage can save you money.
Pro tip: use the tools at your disposal. Using tools like Jerry will instantly get you free quotes from 50 of the top providers so that you can be certain you’re getting the best deal for your needs.”
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