Inflation continues to drive up the price of auto insurance, Here are some quick and easy tips for getting the cheapest car insurance quotes in 2023.
Auto insurance is essential for drivers, but it can become expensive. Selecting the right coverage can be challenging for many people. It’s important to understand that age, gender, and driving history can affect your insurance rates. However, there are ways to lower your insurance costs while maintaining adequate protection.
1) Shop around
Prices for car insurance vary among companies, To find the cheapest or best deal, compare quotes from multiple insurers by calling directly or using online auto insurance comparison tools.
2) Ask for higher deductibles
Lower your insurance costs by choosing a higher deductible from your insurer. Although it may result in more out-of-pocket expenses in case of an accident, it will decrease your premium. A higher deductible is the amount you pay before your insurance coverage kicks in. For example, increasing your deductible from $200 to $500 can reduce your collision and comprehensive coverage by 15-30%. A $1,000 deductible can save you up to 40% or more. Set aside enough funds to pay the deductible in case of a claim.