It does not matter if you are planning to buy a new or used car as saving money should be your top priority. In terms of vehicle insurance, one should keep in mind the following tips in order to pay the least amount on your auto insurance:

Tip 1: Avoid Getting Comprehensive Insurance on Used Cars

Sure, you love your car, right? But this does not mean that you should pamper your used car with a comprehensive insurance coverage. Kindly take note that we are not stating that you CANNOT get comprehensive coverage but we are more inclined to say that this is unnecessary for used cars that are over three to four years old.

If you can afford it, there is no reason why you should not pay a huge amount for comprehensive insurance. Just bought a used car in mint condition? Why not. As long as you are capable of keeping up with the payments then go ahead and spoil yourself silly.

Remember that you will need to consider the annual insurance cost and the value of the used car in order to determine if comprehensive or collision coverage is right for your used car. From a financial point of view, wait until you are driving a brand new car before deciding to splurge on insurance costs.

Tip #2: Increase the Deductible

Are you familiar with the deductible amount on your car insurance? This figure is the amount that you need to pay the insurance company in the event of an accident or collision. You can save anywhere from 15% to 30% on your car insurance if you simply request a higher deductible. For example, if your current deductible is around $150 to $200 then adjusting this to $500 to $1000 will help yield significant savings by as much as 45%.

Tip #3: Remain Loyal to Your Insurance Provider

If you presently have home insurance or health insurance then it is best to ask your insurance provider for their best vehicle insurance rates. Repeat customers or clients will usually be entitled to huge discounts or may be given a loyalty bonus for seeking numerous insurance services.

If you are not happy with the facts and figures that are presented to you then do not be afraid to say NO. It is best to ask for a free online quote in order to be presented with the average insurance rates in the market.

Want to find the best new or used car? Take the time to perform thorough research in order to find the best new car deals in your area.