Cars have made life very convenient unless you live near a horse trail. However, such convenience comes with great liability, so one must have insurance protection. If you are not careful, you may end up paying as much for your insurance as you did for your car. So it is necessary to do as much research and preparation for your insurance before you make a final decision. Companies such as Mountain Insurance Agency Denver may help car owners narrow down their search.
Here are some tips to help avoid paying an arm and a leg for car insurance.
Look Around
No matter how tempting it may be, never take the first offer. Aggregate at least three or more quotes from different types of companies as you take your time shopping around. Enlist others to search on your behalf as well.
Make it a Family Affair
Unless you live on an island, you must know someone who owns a car. Ask the opinions of the car owners in your personal network. Don’t be shy about asking friends and family about their insurance rates. Hit them up for possible referrals.
Buy the Car First
Don’t make the common mistake of forgetting about insurance until after you drive your new wheels away from the dealer’s lot. Certain car models and features have a direct effect on your insurance costs.
Here are some of the most expensive cars to insure:
- BMW
- Mercedes-Benz S-Class
- Tesla Model S
- Audi R8
- Maserati
Does the car have features that can reduce theft? Do you have airbags, a crash-resistant door, anti-lock brakes, or automatic seat belts? If so, some insurance policies may offer up to a 40% discount for full front-seat airbags.
Utilize Your Other Types of Insurance
Do you have a different type of insurance that will allow you to ensure your car? Like many other products, insurance can also often be purchased in a bundle for a reduced rate. Property owners should bundle their home insurance with car insurance for the best savings.
Guard Your Credit
Understand the importance of building and maintaining top-notch credit. A good credit rating can make a difference in car insurance expenses and save you as much as $100 monthly. If you have a poor score, try waiting at least a few months before a car or insurance purchase. This will give you time to clean up your report and raise your score. Your car insurance rate may be lower, as much as 24 %, if you have stellar credit – the closer to an 800 score – the better.
Finding your ideal car and insurance protection should be handled with equal importance and attention. If you live and drive in the Denver area, contact Mountain Insurance Agency Denver today. These insurance agents will find up to 10 different insurance quotes for your vehicle. Drive safely!