Car insurance

Find an Affordable Car Insurance Rate

One of the reasons many people have bad financial habits is that frugality isn’t sexy. The tasks that save you money are generally tedious and time consuming. Finding an affordable car insurance rate is a perfect example. No one enjoys filling out endless forms, searching for quotes, and haggling over the phone.

It’s tempting to make a snap decision and go with the first company that comes to mind. Unfortunately, this isn’t likely to land you the most affordable car insurance.If you can get past the aggravation and spend a couple hours shopping, it’s likely you can save yourself a few thousand dollars over the life of your car. That works out to an impressive hourly rate, and the experience will help you save on future purchases.

Step 1. Do Your Research

The first step to finding cheap car insurance is researching rates. Depending on your location, age, and vehicle, premium sizes can vary significantly (as much as 25%). The fastest way to get quotes is online. You should get online quotes from at least a half dozen major companies to get a feel for the market.

Beforehand you should know what type of coverage you want and how high a deductable you’re willing to pay. This information will make the process faster and generate more accurate quotes. It’s also helpful to ask people in your age range what company was the cheapest for them–it’s likely to be the same for you.

Step 2. Narrow It Down

Once you’ve gotten a range of quotes, it’s time to narrow it down. Generally, the most important factor is cost but there are other points like service and additional benefits that can influence your decision. Depending on your personal preferences, pick out 1-3 companies that seem to fit the best for you.

Step 3. Make the Call

Once you’ve got your short list, it’s time to grab the phone and get some real quotes. Be prepared to pay significantly more than the online rates. In my case the difference was over 30%. The reason for this is that online rates factor in every imaginable discount, making them much lower than the real rate. Although this seems a bit underhanded, all insurance companies do it. Fortunately the comparative prices between companies are reasonably accurate.

Make sure you have your driver’s license, vehicle registration, and current insurance policy on hand. Information from these documents is necessary to get a quote, so save time by having them ready.Do a bit of company specific research, decide exactly what policy you want, and prepare for psychological warfare. The company representative is trained to persuade you to buy more insurance than you need. To entice you, they’ll say that your car insurance premiums will decrease if you buy renter’s insurance or add other options. This sounds good, but you’ll actually be paying more overall.

By deciding on a policy ahead of time, you can tell them exactly what you want without getting confused. When you’re ready, get on the phone and get down to business.

Step 4. Purchase and Celebrate

After you’ve gotten real quotes over the phone, it’s time to make a decision. Go with the best value you can find. Personally, I’m a fan of the lowest price, assuming the coverage is equal. Call back, make the purchase, and bask in the knowledge that you’ve saved yourself a hefty chunk of change.Solid personal finance isn’t about cashing in on the stock market or making big moves. It’s about maintaining the effort and diligence required to get the most out of your money. Now if only you can find a decent auto loan!


Erin shows overscheduled, overwhelmed women how to do less so that they can achieve more. Traditional productivity books—written by men—barely touch the tangle of cultural pressures that women feel when facing down a to-do list. How to Get Sh*t Done will teach you how to zero in on the three areas of your life where you want to excel, and then it will show you how to off-load, outsource, or just stop giving a damn about the rest.

8 Responses to Find an Affordable Car Insurance Rate

  1. Hello, According to my point of view, Health Insurance is something that my father has taken really seriously for some time now. And I am so glad he has. Because like all other habits he has instilled in us, this has now become a habit for both my brother and Me.

  2. We were just talking about this and I would have to agree that getting travel insurance is a must for international trips. It is so hard and expensive to get sick abroad. I just shared your post to my other travel buddies.

  3. I think the most important function of insurance is to provide protection against future risk, accident, and uncertainty.It is one check the reality of the misfortune happening and pays the cost of damages of losses.

  4. shiza says:

    Great question, Kathy, and as a sold-out believer I totally agree with Brian. Purchasing life insurance is simply good stewardship in the caring for of one’s family.401k

  5. carry says:

    There is so many info in this post and I have gained little idea about health insurance which is unknown for me. After reading the post like me, any one’s opinion will be such that everyone should take the advantages of health insurance.annuity

  6. jack says:

    Life insurance is very important to get. some people do not feel like its need while they are young. But they need it when they become old. life insurance policies should get appropriately.fegli option b

  7. jack says:

    I meet people all of the time who don’t have travel insurance. I don’t understand why anyone would risk being in a foreign country, with limited funds, and NOT have travel insurance. It is such a smart thing to have … just in case!fegli option b

  8. lisa says:

    With all the online resources for learning programming/etc we have nowadays, a degree is pretty much completely unnecessary. And with how insanely inflated the cost of attending college is… yeah.seguro dental

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