Talking With Insurance Companies

If you've been taken off of your parents auto insurance policy, and it's time to buy your own, don't start shopping until you know how to save money on the process. Buying your own car insurance can be confusing. It can also be expensive, especially if you make mistakes. To help you save money on your first car insurance policy, use the tips provided here. 

Understand Pricing Factors

If you need to shop for your own car insurance, make sure you understand the factors that go into pricing your policy. When you request an insurance quote, there are certain factors that will go into their decision. Some of the factors include your age, and how old you were when you first got your license. But, there are a few other factors that will be considered, as well. Insurance companies will also consider your driver history, including tickets, lapses in coverage, and previous insurance claims. 

Shop Multiple Agencies

If you've never shopped for your own car insurance before, you may be tempted to go with the first quote you get. That's a good way to get your car insured, but it might not ensure the best rates. In fact, you may end up spending a lot more for your insurance policy. Now that you need to buy your own insurance, take time to shop around first. Shopping multiple agencies will allow you to find the best rates for your car insurance. To avoid pricing errors, make sure you request quotes for the same policy limits for each company. That way, you know the quotes are accurate. 

Request an Auto Tracker

If you've been on your parents insurance policy, your new insurance company might not have enough information to provide you with the best price. To overcome that, choose an insurance company that offers auto tracking. With auto tracking, you'll plug a tracking device into your car. While the device is active, the insurance company can track your driving habits. The better you do with the tracker, the lower your rates will be. 

Consider Higher Deductibles

If you need lower rates on your car insurance, take a look at your deductibles. Deductibles determine the out-of-pocket expenses you'll incur when you file an insurance claim. You may want to have lower deductibles, but that choice could end up costing you more on your monthly payments. To make sure you keep your insurance costs at an affordable rate, choose higher deductibles for your policy.