Finding the money to pay for auto insurance isn’t always easy, and let’s be honest, there are countless other things you’d rather spend your money on. So why is every driver so willing to cough up the cash to pay for it? Well, for one thing, your state requires that every driver have a minimum level of coverage, which will vary from state to state. (To see what your state requires, all you have to do is check out our auto insurance requirements by states page.)
New drivers, especially teen drivers have it the worst. With a limited driving record and an unexplained urge to break speed limits, car insurance providers have no problem charging new drivers far more than other demographics. But new drivers aren’t the only group affected by high auto insurance premiums. In today’s rough economy, few drivers aren’t affected by the rising costs of living. So what is a one to do when they need to drive, but can’t afford to pay full rate for their auto coverage? Luckily, you have a multitude of options to make your auto insurance more affordable.
Continue reading below to learn about how to find budget automobile insurance, how raising your deductibles can help your premiums, and also learn about other discounts and ways you can save on your car insurance.
Shopping for Budget Auto Insurance
Auto insurance shoppers often make the mistake of thinking that all auto insurance providers will charge the same premiums, but the reality is that insurance companies offer a wide variety of different packages, services, and special features. Most auto insurance companies offer budget policies. But don’t expect them to tell you upfront about them if you’re buying from an agent.
Online auto insurance quote services, on the other hand, allow you to customize your coverage down to every fine detail. These are excellent services for those looking to save on their auto insurance because you pay only for what you need. Bonus features and services are omitted and only added to your policy upon request.
4AutoInsuranceQuote.com is one such quote provider. By comparing quotes with us, you will be given rates from the leading insurance providers such as:
If you’re already using an online quote comparison tool, like the one provided here on 4AutoInsuranceQuote.com, you’re already going to save a bunch on your auto insurance, but the savings don’t stop there. Raising your deductible is yet another fast and simple way to cut down your auto insurance costs significantly.
The higher your deductible, the lower your premium will be. Plain and simple. But before you run off and sign a policy with a $1000 deductible, you better be certain you can afford the $1,000 in the case of a collision or other mishap. Learn more about how high of a deductible you should set for yourself for maximum savings by checking out our article here.
Remove Collision and Comprehensive Coverage for the Cheapest Budget Auto Insurance
Every state except New Hampshire requires drivers to have car insurance. However, states don’t require you to have the maximum level of car insurance. Instead, states only require you to have basic liability coverage.
Basic liability coverage will provide compensation for damages you cause while driving. If you get into a car accident, for example, and you’re at fault, then your liability insurance will cover the medical expenses of the other driver as well as the costs of repairing the other driver’s vehicle – or any other property you damage.
What liability coverage does not cover, however, is damage to your own vehicle. To cover the cost of repairing your own vehicle, you’ll need collision coverage.
Liability coverage also doesn’t cover other circumstances – like hail damage, vehicle theft, or vandalism to your vehicle. These things – and many other circumstances – are covered under comprehensive coverage.
Why am I telling you all of this in an article about budget auto insurance? Well, in many cases, you can save a significant amount of money on car insurance by dropping collision and comprehensive coverage. If you just want a barebones insurance policy that lets you legally drive on the road, then you can drop car insurance rates significantly. You might end up paying just $50 to $75 per month for car insurance – or even less.
Which States Have the Best Budget Auto Insurance?
The United States is a diverse country in terms of geography and auto insurance laws. That’s why car insurance prices vary widely across America. In fact, drivers in some of the more expensive states pay nearly twice as much as drivers in some of the least expensive states.
States with the Cheapest Car Insurance ($850 to $1100 Per Month): Maine, Ohio, Idaho, Vermont, North Carolina, Iowa, Indiana, Virginia, South Dakota, Utah Missouri, and Nebraska.
States with the Most Expensive Car Insurance ($1500 to $2400 Per Month): Michigan, Louisiana, Connecticut, Rhode Island, Florida, Washington DC, California, Wyoming, Delaware, and Texas.
So you live in a state with expensive car insurance. You might think it’s difficult to get budget auto insurance. That’s not true! Drivers in these states can access the same discounts and low-budget options as drivers in other states. Consider raising your deductible or dropping comprehensive coverage from your plan to save a significant amount of money on car insurance.
The Internet Makes It Ridiculously Easy to Find Budget Auto Insurance
Today, it’s easier than ever to find budget car insurance online. On our website, all you need to get started is your ZIP code.
Type your five-digit ZIP code into the form at the top of this page. You’ll immediately see a list of 10 or more auto insurance providers serving your area. You can individually request a quote from each of these insurance companies in minutes without penalty. Just fill out a basic application online, then see how much money you can save.
Thanks to the internet, you can also see how different things affect the price of insurance. You can go back and adjust your application, for example, and see how it changes the final estimated premium.
Other Auto Insurance Discounts and Savings
Listed above are just a couple of easy ways to save, but there are dozens more. In fact, in our article titled “15 ways to save on your auto insurance“, we list a dozen ways for you to save on your insurance, including:
- Move to a cheaper place to insure your vehicle
- Join organizations and clubs that offer discounts
- Etch your VIN number on your window
- Change your job to something more “low risk”
- Monitor yourself or your child with a camera in your car
- Stay home and don’t drive as much
- Take driver’s ed classes to improve your driving skills
- Get a cheaper car to insure
- Ride your bike more and drive less
- Get environmentally friendly by “going green“
For the rest of the ways to save on auto insurance and get “budget” rates, explore our site! We have a plethora of articles on everything insurance-related you can imagine.
In the meantime, why not get a budget auto insurance quote from us now? Our quote comparison tool will automatically apply discounts to your rates, and it requires little effort on your part to take advantage of them. Simply enter your zip code above, fill out your information truthfully, and the discounts you qualify for will automatically be deducted from your premium.