How to Get the Best Car Insurance Coverage for the Lowest Price

August 18, 2014

The expense of car insurance can put quite a strain on your bank account, but there are many ways to get the most amount of coverage for the lowest cost.

saving on car insurance

I am paying too much already!

The National Association of Insurance Commissioners suggests that the best way to save money on auto insurance is to review your policy every year. Despite this recommendation, few people do.

A policy review is always a great place to start to make sure you are not spending too much on your policy, ensuring that the price you are paying is worth the coverage you are getting. Perhaps your car has aged and you feel it is no longer necessary to have certain coverage, or maybe you have a new driver who needs to be added to the plan.

Shop around.

If after reviewing your current policy you find you are spending too much money, the best course of action would be to shop around. Shopping around encourages you to see the different coverage options that specific companies offer and gives you a better understanding of cost for each of those specifics. The more you know about what specific coverages cost, the better chance you have of not overpaying or over-covering for situations you may never find yourself exposed to.

Many companies have different discounts that are there for the taking as well. Make sure you explore all of those options — more than one may pertain to you and your vehicle. Common discounts can often be found for drivers who have short commutes, are retired or students with good grades, and who own a car with certain safety features like advanced car alarms.

Know your current financial situation.

Many times, insurance companies will ask for a copy of your credit report. Those with bad credit will find that they are going to pay more whereas those who pay their bills on time have lower premiums.

If you are already in a financially strapped situation, opt for the option with the highest deductible you can afford to pay. When you choose this option, you will pay the lower premium month to month. The downside in this is that, in the event of an accident, you will have to pay higher out-of-pocket repair costs. So make sure you’ll be able to afford the deductible.


The best defense against paying too much for auto insurance is having the most amount of knowledge about your personal situation beforehand. Do your homework! It always pays off… or in this case, saves you money.

For help reviewing your policy and shopping around, contact the knowledgeable agents at Burkhart Insurance Agency today.

Photo Credit: CC Image Courtesy of Allen Watkin

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