Getting and Keeping the Cheapest Auto Insurance

To buy the most affordable protection plan, vehicle owners will often have to be more selective about the coverage that they purchase. Most people are required to meet minimum financial responsibility requirements to legally drive, which usually include bodily injury and property damage liability. Additional protections, however, can quickly increase rates. Comprehensive and collision coverage, for example, can significantly raise prices but are often only required for drivers who take out a loan to purchase their vehicle.
Taking the time to determine which coverages are required and which ones can be omitted to save money can frequently lead to a cheaper policy. If someone can’t omit comprehensive and collision coverage, the Massachusetts Division of Insurance recommends that motorists consider increasing their deductible. This is the amount that the policyholder agrees to contribute to cover the cost of physical damages to the insured’s own vehicle. Agreeing to make a greater contribution will usually result in a lower premium.
One of the most effective ways to find and keep the lowest priced car coverage available is to maintain a good driving record. Being involved in an automobile accident or receiving several moving violations can quickly lead to higher policy prices. If someone gets pegged as a high-risk driver, his or her insurer may nonrenew the policy.