Cheap Pennsylvania car insurance is far different from affordable car insurance. If you are in the process of pricing car insurance it is important to find a comprehensive policy you can afford. If you opt for a cheap car insurance plan, you may compromise your protection by binding low, inadequate limits. If you have received your policy renewal and you are tired of the price hikes, it is time to actively search for more affordable premiums. Follow the tips below and learn how you can save money without simply selecting the minimum state requirements in coverage.
Tip #1: Take Advantage of Low Mileage Discounts If You Qualify
Many individuals estimate their annual mileage without really calculating how much they drive on an annual basis. If you tell your insurance agent you drive 15,000 miles per year when you actually drive around 7,000, you could be paying more than you should be. Insurance companies rate drivers based on how much they drive per year. The more you are on the road, the higher the risk. Take time to calculate your commute and calculate how much you drive for pleasure and see if you may qualify for a low mileage discount.
Tip #2: Vehicle Classifications
Insurance companies offer one of three driving classifications: pleasure, commute, and business. When you own more than one vehicle, it is important to make sure the right classification is associated to each vehicle. Pleasure carries the lowest premiums. If you have a luxury vehicle, consider commuting to work in your lower rated vehicle. This will save you money without lowering your limits.
Tip #3: Multi-Car Discount
If you own more than one vehicle, carry your insurance on each vehicle with the same insurance carrier. When you have more than one vehicle with the same insurer you will receive a multiple vehicle discount on each vehicle. The total savings can add up to as much as 30 percent.
Tip #4: Multi-Policy Discount
If the insurer you are requesting a quote from offers different types of insurance, consider the benefits of carrying your auto and property insurance with the same insurer. You will receive a discount off of both your auto insurance and property policy. Not only is combining insurance more convenient, it is an easy way to save money. These discounts are not limited to only property insurance. You may qualify for the discount if you have life, disability, or health insurance as well.
Tip #5: Check The Value of Your Older Vehicles
If you own an older vehicle and you are still carrying full coverage on the vehicle, check the value of the vehicle to see if it is worth keeping full coverage. If the value of the vehicle is less than $1000, you may be able to pay for vehicle replacement out-of-pocket with the money you save on your insurance.
Liability insurance protects your financial assets and your wages. If you are involved in an accident and you reduce your limits you could face judgments and wage garnishments. When you are shopping for cheap Pennsylvania car insurance, follow the tips above and keep your liability limits high.