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How to get lower car insurance rates | 11 Ways to get cheaper car insurance

in this video we're gonna discuss the

top 11 ways to lower your car insurance

and what you can do immediately to lower

your costs yes we are going to be

discussing at number five that discounts

that you can apply to your car insurance

and for those of you that do want to

stay till the end of the video I'm gonna

go give you an added bonus and I'm gonna

go through the top 15 discounts that you

can save extra money through your car

insurance please smash the thumbs up if

you guys get really good value out of

this definitely share it with a friend

that you think could use the advice that

I'm giving today the whole goal of this

channel is to make you smarter about

your car insurance so you can make more

informed decisions get better coverages

but ultimately save money what I'm gonna

do is I'm gonna go through my notes here

that I've written I've got three pages

of notes to give you guys the best

advice we're gonna try to cram it all in

about 10 minutes so grab a pen and paper

if you're writing this down don't worry

if you don't get all this information

you can always watch the video and then

I will also post my notes on my blog but

number one is don't assume that any one

company is the cheapest and what I mean

by that is for drivers with good credit

the difference between the worst and the

best insurance is about $100 a month a

driver with poor credit the same thing

it's even more so it can make a

difference between the best and worst

person paying for that coverage with

that company can be $200 a month don't

assume progressive is the cheapest

because in your situations they might be

the cheapest but for someone that has

perfect credit and has a house and all

that other stuff they may be $200 more a

month for that situation but it's very

situational and that doesn't change from

state to state either what what I mean

is the difference of the the company

that might be the cheapest in Michigan

may be the highest in Florida don't just

base it on one specific company tip

number two is don't ignore your local or

regional insurance companies I'm a

perfect example of this I actually work

for a local company we're considered if

you were to look us up you would find us

as local but we work with 21 some odd

States be it cells 17 different

companies up to 21 States that's a small

company with a huge reach whatever your

situation is don't just rely on Allstate

or state Farm where they can only sell

you Allstate or State Farm for

same reasons they might be cheap in one

area but not in the other it's always

good to talk to a local agent that can

look at multiple companies for you and

determine what's the best fit number

three you are credit it plays a very

very large factor there are states like

Hawaii California Massachusetts they

don't allow you to charge as charge

different for credit but in the majority

of things they've been able to

articulate that credit does play a

factor on claims in history that's one

of the things you need to improve ways

to do that make your loan payments on

time keep credit card balances low or

near half limit my dad actually was a

CPA so I kind of grew up in the credit

world having credit cards that are close

to that half limit or lower personal

opinion don't use them at all it'll hurt

your credit but it's still worth it in

the end I'd rather save the money then

pay the interest

don't use credit checks or loans to open

accounts and limit the amount of credit

you have available those are just some

of the ways that you can improve your

credit score which improves what's

called an Insurance score which is kind

of a fancy word for credit tip number

four consider insurance cost when you're

purchasing a vehicle that's the number

one thing I see people miss when they're

purchasing a vehicle they never think

how much is the insurance gonna be on

this I've had people actually have to

return the car because of the cost of

the insurance was as much as the car

loan and they just couldn't afford it so

make sure that you get the difference in

price the Volkswagens vs. the infinities

is a big price difference a station

wagon or a van which is considered a

station wagon is different than driving

an acura which is considered a

performance car when you're looking at

the car grab a couple of ins that's the

best way to do it call your insurance

agent and have them plug it into their

system and give you an idea of what

price difference you're going to be

looking at in your car ensure it can be

$100 a month more for just a different

car make sure you're mindful of that tip

number five check for discounts if you

can qualify for a homeownership discount

which most states allow if you're

married you usually get a better price

if you don't have kids you're getting a

little bit better but you're not kidding

charge more if you have multiple cars

you can do multiple car discounts if

you're going to know your parents if

you're young there's a lot of different

discounts that you can qualify for

even being part of credit unions and

banks and ARP and all those different

things that you can apply for there are

tons of discounts now remember at the

end of the video I am gonna go through

I'm gonna list the top 15 discounts also

if you are interested I did do a video

somewhere up here I'll link it that does

go over the top 10 or 15 discounts in

car insurance as well number 6 if you

have a clunker car it might not be worth

it to have comp and collision on that

cuts comprehensive and collision the

calculation I personally came up with is

figure 4 years if you add up the cost at

your pain if you look at your policy

it'll say comprehensive there will be a

price at your pain it'll say collision

there will be a price at your pain now

what you do is you add those up multiply

that by 4 so 4 years just assume we have

no claims no tickets no accidents no

nothing right and we paid that amount

for 4 years assuming the price never

changed is that worth more or less than

the value of your car if your car is

worth less than that then it's probably

a good idea to remove that coverage

altogether and that leads into tip

number 7 and that's raise your

deductibles if you are paying too much

and the prices just getting outrageous

it may be worth it to put a higher

deductible to your policy if you look at

that same line where you're looking at

how much you're paying for comprehensive

and collision what would it be if you

did a 500 a thousand dollars or a

fifteen hundred dollar deductible if you

have a really high-end car you can go

2,500 if you want but typically it

doesn't make a big price difference past

that thousand or $1,500 mark if it does

make sense make sure that you put enough

money away so if I have a thousand

dollar deductible set up a savings

account try to get a thousand dollars in

there maybe you paid $20 a month hundred

dollars a month whatever it takes but

try to get that thousand dollars in that

account that way in the case of an

emergency you're not gonna have to come

out of pocket it's already saved up and

it's ready to go and then you just

continuously save that extra cost that

you were paying in your insurance every

year rubber 8 consider usage based

insurance this is very good for those

that don't drive a lot there's a video I

did on route insurance they are usage

based insurance they don't do them in

all the states

there's also companies like triple-a

they offer discounts for lower mileage

not using the car as much they offer a

triple-a drive the progressive offers

snapshot Safeco or citizen's offers

their system that you can get a discount

it's ten to twenty five percent off if

you can prove that you're a good driver

they are gonna track your driving most

of them don't share your information I

don't think any of them do although

that's the fear that everybody has but

you could ask they have to disclose that

stuff if they get caught they're gonna

lose a lot of money if they're

disclosing that information you got to

trust them at some point tip number nine

tip number nine so location where you

live

makes a difference if you are moving you

want to make sure that you call your

insurance company and see what the

prices are I've had a situation where I

had a person move we change the address

in their system and they're now paying

ten to twenty dollars a month more they

weren't too happy but that's the you

can't control that what they do is each

company rates a location and they take

all the insured's that they have in that

location and they calculate what's the

cost or what's the average of somebody

having to claim their tip number ten

driving records driving history oh my

goodness I feel sorry you can't control

them all so there are states that count

not at fault claims against you most

states or a lot of states count partial

claim so if you're fifty percent at

fault and fifty percent not at fault

your insurance is gonna pay part of that

and you will have a rate increase now

what you want to do is make sure that

you're not just filing claims to file

claims because if you file a claim

that's that's putting you in a different

pool so to speak or a different risk

sometimes if you have a chip on the

windshield and it's only twenty

twenty-five dollars to get it repaired

it might be worth it to out pocket that

cost if your state charges comprehensive

claims against you what the crap do I

buy insurance for that's the reason it

is but it's a pool of people everybody's

sharing the risk when you have that

claim that at fault accident and booboo

you pop you up and so now you're a

higher

in this pool of people so the price that

you pay is going to be contributed to

the amount of risk that you're adding to

the group the tip number 11 is going to

be the amount you pay so if you pay more

upfront and I'll explain what I mean

you're gonna get a better deal if you

pay monthly that's fine if you're on a

credit card you're gonna pay a fee if

you're on an EFT electronic funds

transfer comes right out of your savings

or your checking account they're usually

gonna waive that fee if you pay

quarterly not all but a lot of companies

will give you a discount if you pay

every six months it's less if you pay

every year it's even less I've got a

company that I work with that knocks off

almost two hundred three hundred I've

seen him knock off close to $400 a year

if they're willing to just pay the whole

thing and fall it's kind of like

investing so instead of you getting

money back from the stock market you're

just not paying more for the insurance

when you're paying monthly you're paying

an extra cost

there's fees involved with that

congratulations you guys made it to the

end we are gonna go through the 15

discounts right now do me a favor if you

haven't liked the video like it

subscribe so we've already gone over the

top 11 discounts and we're gonna add the

additional ones onto this the other

discounts that we're missing is group

discounts like I mentioned earlier are

you part of a credit union the biggest

one is are you part of the military or

have you been part of the military

that's huge are you a engineer Engineers

get big discounts teachers get big

discounts if you don't talk to your

insurance person about that make sure

you do now have you graduated college

alumni they usually get a discount are

you part of a motorcycle club any club

that you're part of look at ARP is one

of those discounts if you're 50 or older

you can get a discount with many

different companies I know nationwide

gives a huge discount for it

Liberty Mutual gives discounts for

different things and there's just tons

of them so it's just what you're

attached to take a defensive driving

course check with your agent make sure

they offer this but most states offer a

discount for taking a defensive driving

course usually an online course you

don't have to do much for it pay in full

we mentioned that earlier security

system having an alarm system there's a

couple

versions will give you a discount on

that as well not just a security alarm

system but also having a anti-theft but

a vehicle recovery system if you can

track the car where did it go your

occupation actually plays a part in most

insurance company whether you're a

construction worker or a businessman and

a bank

one thing you want to think of is

there's other words you can use when I

used to work at a large company it was

just mind boggling if you're a professor

versus a teacher

the professor was like 10 percent higher

than the teacher I don't get it because

you can call yourself a teacher as a

professor so kind of play with the

thoughts of that maybe I'll do a video

on what gives you the best discounts for

those anyways guys I hope this was

helpful share with anyone that you think

can get good advice out of this

definitely like it share subscribe all

that stuff I will see you in the next

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