Is the price of your car insurance going up faster than your income? If you’re like many Americans, it is. That makes learning how to save money on car insurance important.
Many shoppers just want to know if the price they’re getting is fair. We built a car insurance calculator, specifically for this purpose. Just click the button below to find out if you’re getting a fair price.
Surprisingly, car insurance prices increased eight times faster than new car prices over the last three years. During this same three years, used car prices went down. You may be asking, “why is car insurance going up so much faster than the price of a car?” Only the insurance companies know the answer to that question. Our focus is to help you save money on car insurance. The following are three tips that will help.
Steps for how to Save Money on Car Insurance
- Shop for new insurance at least every three years
- Check with an independent, unbiased source to find out which insurance companies are the best
- Pay for 12-months up front so the price won’t increase for a year
The savings you can get by shopping your insurance are significant. Here’s an example. A couple weeks ago a ValChoice customer contacted us to say they got the Comparison Auto Report and saved nearly $3,000 per year on their car insurance. Yes, you read it right, $3,000. Imagine what you could do with an extra $3,000.
While Shopping for Price, Don’t Skimp on Quality
Checking an independent source when buying insurance is important. However, independent information is hard to find. Most web sites where insurance information can be found get paid on commission. That means they don’t care what you buy. They just want you to buy from them.
Even if you go to review sites, it’s still difficult to find independent, unbiased sources. Typically, companies reviewing or rating insurance companies on performance for consumers are conflicted. They are either paid to do a survey, pay to get reviews or have insurance companies as investors. Be sure to checkout the sources of the reviews you consider.
ValChoice is different. We’re a data analytics company and we don’t sell insurance. Click the button below to find out how good your insurance company is. If they rate well, tell a friend. If not, find a new insurance company.
ValChoice does not get paid to rate insurance companies.
Comments are closed.