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. He has also been featured on sites like UpJourney.

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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, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. He reviews content, ensuring that exis...

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Reviewed by Daniel Walker
Licensed Auto Insurance Agent

UPDATED: Apr 24, 2020

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Things to Remember...

  • Driving an old clunker is going to cost you significantly less on your premiums than driving the new hotness
  • A clunker doesn’t depreciate as fast as a new car, so you don’t have to worry about it losing value
  • Not only do you save based on the car itself, but you don’t have to pay for full coverage if you don’t want to
  • The average MPG today is higher than in years past, but there are many older cars that do just fine

All of the auto insurance companies want to tell you that the best way to get cheap auto insurance is to switch over to their products.

While pricing can differ significantly between auto insurance providers, the fact of the matter is that there are much quicker ways to save money on your premiums.

In fact, your choice of company is only one of several important factors that go into getting cheap auto insurance.

An important part to incorporate into your search is our free comparison tool! Just enter your zip code in our quote tool and start checking the best rates for you today!

The Most Important Thing to do to Get Cheap Auto Insurance

Well, it depends on how committed you hare to saving a buck, but it starts with your choice of car.

Driving an old clunker is going to cost you significantly less on your premiums than driving the hottest car on the market. Simply enter your zip code in on this page to get started getting auto insurance quotes right now!

Now, before you run off and dismiss this idea altogether, consider this: if saving money is your thing, a clunker is the way to go. Here are some ways that driving a rust bucket will save you some money.

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They Don’t Depreciate As Quickly

A new car drops in value by around 20 percent the day you drive it off the lot. It loses another 10 to 20 percent over the next two years.

A clunker doesn’t have that far to go, so you don’t have to worry about it losing value.

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You Can Pay Cash For a Clunker

Car loans, even when you get a decent interest rate, cost you money. When you pay cash, you pay once and you’re done.

You Save on Auto Insurance

Not only do you save based on the car itself, but you don’t have to pay for full coverage if you don’t want to. You can get pretty minimal coverage on a rust bucket.

Your clunker already has plenty of scrapes and dents, what are a few more going to hurt?

Free Auto Insurance Comparison

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

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Some Clunkers Get Decent Gas Mileage

Sure, the average MPG today is higher than in years past, but there are many older cars that do just fine.

Add to that the fact that you’re keeping another car out of the landfills, and you can feel plenty self-righteous about your contribution to the environment.

Not to mention the rising costs of fuel prices these days…which are not projected to go down anytime soon.

When you add it all up, clunkers start to look better and better!

Try out your cheap car insurance “tricks” now! Enter your zip code in to get started putting your new cheap insurance tricks to good use! Compare auto insurance quotes for free from top companies now!

References:

  1. https://www.goodfinancialcents.com/best-auto-insurance-companies/
  2. http://www.iii.org/article/how-can-i-save-money-auto-insurance
  3. https://www.carfax.com/blog/car-depreciation/
  4. http://www.consumerreports.org/cro/news/2013/09/study-measures-crash-risk-for-clunkers/index.htm
  5. http://www.iii.org/article/what-determines-price-my-auto-insurance-policy
  6. http://www.hybridcars.com/cash-clunkers-fuel-economy-boost-25956