Does really cheap auto insurance exist?

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Mathew B. Sims is Editor-in-Chief and has authored, edited, and contributed to several books. He has been working in the insurance industry ensuring content is accurate for consumers who are searching for the best policies and rates...

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Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years (BBB A+). He is licensed as an agent to write property and casualty insurance...

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Reviewed byDaniel Walker
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UPDATED: Apr 24, 2020

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Things to remember...

  • The Internet has given rise to many car insurance comparison sites whose only purpose is to get you the best price for the best auto insurance
  • Auto insurance is one of the most competitive industries in the world today
  • Getting married or changing your residence can affect your insurance rates

Auto insurance is one of the most competitive industries in the world today. Therefore, even though many people think that auto insurance prices are set in stone, there is actually data to prove otherwise.

As a matter of fact, according to independent studies taken by economists, the average citizen of the United States pays over double what he or she should for auto insurance over a lifetime.

Find out if you qualify for cheaper auto insurance rates with a FREE quote comparison! Enter your zip code above to get started!

Take Advantage of Auto Insurance Comparison Sites

The internet has given rise to many car insurance comparison sites whose only purpose is to get you the best price for the best auto insurance program available.

The trick is to find the car insurance comparison site that is trustworthy and completely independent. This will become evident based on the features of the particular site.

Some of the features of good auto comparison sites include:

  • differentiation between reputable and unscrupulous car insurance companies
  • a checklist of what the average person would want in an auto insurance plan
  • comparisons of the actual features of various auto insurance plans
  • comparisons of the prices of auto insurance companies

As price is only one component of auto insurance, albeit the most important part, a buyer must make sure that he or she is not comparing apples and oranges.

It is definitely easy to compare two different plans and say that prices are similar, but the fact is that one plan may be considerably less advantageous than the other.

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Free Auto Insurance Comparison

Enter your zip code below to view companies that have cheap auto insurance rates.

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Check Your Auto Insurance Plan Every Six Months

Many people miss out on the automatic competitive nature of the auto insurance industry simply because they do not check their plans.

Independent economists recommend checking your current auto insurance plan against the competition at least twice a year. This is quite convenient, as most auto insurance plans last for six months. Report Changes in Risk Factors for Your Car

Part of the reason that many people think that cheap auto insurance does not exist is because they do not communicate with their own auto insurance company.

However, most auto insurance companies have provisions that allow for the cheapest auto insurance premiums if the insured party case actions to decrease the risk of payout by the insurance company.

Some of these actions which decreased risk to the insurance company include, but are certainly not limited to:

  • placing your car inside of a garage instead of parking it outside
  • adding an alarm, a GPS system or a steering wheel bar to your car
  • decreasing the number of miles driven by the car or the amount of commute from home to work
  • getting married or adding a child to the family
  • changing the zip code of either your residence or place of work

All of these things have the potential to reduce the risk of payout by the car insurance company, but they will never know about these things unless they are reported.

Never Be Afraid to Negotiate for Auto Insurance

Cheap auto insurance really does exist. The competitive nature of the industry always drives prices down, but these prices are simply not offered to every customer, and especially not on first look.

An insurance company must know that you are willing to walk away and that you have done research which can justify you actually moving to another company.Once they see that you have done this, they will invariably offer you better premium rates.

This is an extremely good use of an internet comparison site, because not only do they allow you to compare auto insurance rates of different companies against each other, but also to check prices against the going market rate.

The bottom line is that cheap auto insurance does definitely exist, but only for those willing to do the work to find it. Do not give up in your search for cheap auto insurance, and do not take no for an answer.

The money that you could save from overpaying for car insurance could buy you a new car — remember that! Start saving today for FREE simply by entering your ZIP code below!

References:

  1. https://www.progressive.com/auto/compare-car-insurance-rates/
  2. http://www.jdpower.com/autos/articles/Understanding-Your-Auto-Insurance-Policy/
  3. https://www.safeauto.com/
  4. http://www8.garmin.com/aboutGPS/
  5. https://www.statefarm.com/insurance/auto/resources/getting-married
  6. https://www.allstate.com/tools-and-resources/car-insurance/factors-affect-your-auto-insurance.aspx

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