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TOP 10 Tips for CHEAPER CAR INSURANCE - 2020 - How to get Lower Auto Insurance Rates

hello I'm Kevin hunter author and

publisher of the 13 car buying mistakes

posted on YouTube to help car buyers

avoid common car buying mistakes here

are my top 10 tips on getting the best

auto insurance rates number 1 don't

assume any one company is the cheapest

some companies spend a lot of money on

commercials trying to convince you that

they offer the lowest car insurance rate

you've likely heard them all the truth

is that prices people pay for the same

coverage at the same company vary widely

and no single company can claim to be

the low price leader the insurance

company that's cheapest for one person

in one place might be the most expensive

option for a different driver in another

state some insurance companies also have

developed complex predictive models that

may charge you higher rates if they show

that you're unlikely to switch providers

this might sound unethical but this

practice is called price optimization

and while it's banned in 16 states that

leaves 34 states who engage in the

practice there's quite a bit of savings

at stake a recent analysis found a

difference of eight hundred and fifty

nine dollars a year between the average

insurance quote and the lowest available

quote at any given time again the only

way to ensure you're getting the best

deal is to shop around there are several

independent sites that you can use to do

comparing just make sure that you're not

using one put out by the insurance

company itself because you can guess

where that might lead you number two

don't ignore local and regional

insurance companies just for company's

control nearly half the nation's car

insurance business that's Allstate Geico

progressive and State Farm but smaller

regional insurers often have higher

customer satisfaction ratings than the

big names and they may have lower rates

too here's another suggestion look for

the insurance agencies that represent

multiple companies not only are they

happy to help you shop but they aren't

spending the big bucks like the four I

already mentioned they put a lot of

emphasis on helping the little guy

number three check for the discounts

insurance companies provide a variety of

discounts including price breaks for

customers who have the following a good

driving record it's no secret that a

good driving record will help lower your

rate also consider bundle insurance with

other policies such as homeowner's

insurance bundling generally

reduces rates on one or both policies

consider insuring multiple cars with one

policy you have to buy insurance for the

others anyhow so see what they can do on

the other vehicles you own pay your

entire annual or six-month premium at

once payments might be the only way to

go for some people but you definitely

save money when you pay in advance agree

to receive documents online own a car

were certain anti-theft or safety

features now I'm not talking about the

bogus theft edge system sold by car

dealers I'm talking about the legitimate

anti-theft systems installed by

manufacturers or aftermarket installers

of anti-theft equipment and the final

discount you might consider is being a

member of particular professional

organizations or affiliate groups you'd

be surprised how many organizations out

there have some affiliations with the

insurance companies and being a member

actually saves you money check it out

discounts can vary by company and

location so check insurance company

websites or consult with agents to find

out which ones might apply to you number

four be aware that your credit is part

of your calculation your credit is a

significant factor in the car insurance

quotes you'll receive there are only

three states Hawaii California and

Massachusetts which don't allow

insurance companies to use credit

insurance companies say that customers

credit has been shown to correlate with

the risk of filing a claim you might

scoff at that with 47 states allow

insurance companies to use it in their

calculations so you need to be aware of

it here's what I suggest improve your


first make sure you pay your bills on

time you don't need your credit report

filled up with frivolous negative dings

and if you do have damaged credit that

need some help contact a local credit

union in your area and consider taking

out a small personal loan even if it's

just $200 and even if you have to put

the $200 on deposit in the credit union

in order to get the loan put the money

on deposit at the credit union and then

let them take the payments out of it

you'll be surprised how much a small

loan like this will improve your credit

in a short period of time when you've

paid off the loan take out a little bit

larger one and do it again by paying

your bills on time and using the

strategy that I just suggested with a

local credit union your insurance

premiums will go lower too don't forget

that you get one free credit report a

year so use it and track your progress

number five consider insurance cos when

buying a car did you know that some

makes and models are much more costly to

insure than others

I am personally stunned by the number of

people who go car shopping without Oh

insurance as an afterthought yet I've

seen situations where a person went home

to find out that their insurance rates

are doubling or even tripling a little

tough to get out of it then you should

also consider that insurance premiums

vary widely between given models and

talk to your insurance agent before you

go car shopping for example a review of

rates done by an organization called

nerd wallet on best selling vehicles in

25 cities found that the Toyota Camry

cost an average of a hundred and

eighty-seven dollars more per year to

insure than the comparable Honda Accord

similarly a Toyota rav4 costs an average

of 201 dollars more a year to insure

than a Honda CRV that's the difference

you need to be aware of number six if

you own a clunker car consider dropping

your collision and comprehensive

coverage on that vehicle here's why

collision covers the cost of repairs

resulting from damage your vehicle

receives involving another car or an

inanimate object comprehensive pays to

repair vehicle damage caused by weather

animals or vandalism or reimburses you

for your car if it was ever stolen but

both will only pay up to the value of

your car if your clunker is old with a

low market value it really makes no

sense to be paying for a policy that

includes collision and comprehensive

number 7 consider a bigger deductible

you need to carry comprehensive in

collision if your car is a later model

or if your lender requires it but you

can save a substantial amount of money

by raising the deductible studies have

shown that customers who increase their

deductibles from five hundred to a

thousand dollars saved about two hundred

dollars per year in premiums while those

who increase them from five hundred to

two thousand saved three hundred sixty

two dollars a year just remember that

the increase in deductible also means

that you'll pay a little bit more if you

have an accident but I suggest you keep

that extra money in a savings account

somewhere anyhow if you have an accident

you have the money if you don't you have

extra savings that you started in

advance and extra money you're saving on

your policy to boot number eight

consider an insurance plan that is

calculated on your personal usage

especially if you don't drive much

if you're an infrequent driver or a safe

driver who doesn't like very many miles

consider a usage based insurance program

such as all states of drive wise or

progressive snapshot or state farms

drive safe and saved I can tell you from

personal experience that they work well

by signing up for these programs you

allow your insurer to track your driving

electronically and exchange for possible

discounts based on how much you drive

when you drive and how will you drive a

little word to the wise don't be driving

your car hard during this time I noticed

on a few occasions when I had to brake

hard that the under dash device beep I

did receive a discount later but I

thought it was interesting that the

device noticed when I had to stop

rapidly for those of you who drive less

than ten thousand miles per year you

might be able to save money with a

mileage based insurance program such as

Metro mile or assurance pay per mile

Metro mile is currently available in

seven states while assurance pay per

mile is only available in Oregon these

last two points are specifically for car

buyers but that's pretty much everybody

so number nine if you're buying a new or

used car at a car dealer ask your

insurance provider about gap insurance

first there are plenty of drivers on the

road who don't need gap at all that's

the covers that pays the difference

between what you owe on the vehicle and

what it's actual market value is that's

where the name gap comes from however

this happens to be one of the most

common products sold the car buyers

Wilder in the finance office and it sold

anywhere from 400 to as much as $1,000

for a single car meanwhile it's very

likely you could have purchased the same

policy if you even needed it at thirty

dollars a year from your own insurance

provider make sure you talk to a neutral

party about gap insurance before you go

car shopping in number 10 be very

cautious about any other products that

sound even remotely like insurance while

in the finance office at the car dealer

if you're offered any insurance products

like extended warranties theft

protection policies window edge programs

roadside hazard coverages wheel or tire

coverages etc tell the finance man you

want to go home and sleep on it in the

morning call your insurance provider and

also go online to do a little bit of

homework yourself look these products up

you can always go back and add them to

your car deal and most dealers will hold

onto the paperwork for as much as a week

if they know that you're serious about

doing this homework and you may

potentially come back take your time a

lot of money is made off of

people who pull the trigger on that

stuff the day of the car sale and by the

way if you were one of those people who

bought a bunch of these extras on your

car deal it's never too late to get it

cancelled you can always go back well

after the fact after you've signed

everything it doesn't matter if it's a

week it's a month a year or go back and

get this stuff cancelled on your car if

you decided you didn't want it after all

thanks for joining me on this top 10

tips for cheaper car insurance look for

the other great videos we have out on

car shopping like to 13 car buying

mistakes and our latest top 10 car

buying tips for savvy car shoppers if

you liked the video or found it helpful

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sure you subscribe to the channel I'm

Kevin hunter thanks for watching