The following is a guest post:
A whole host of factors play a part in the amount you have to pay for your car insurance. From your age, driving experience and record to your choice of car and the security measures you have in place, many things are taken into consideration when you get car insurance quotes. You can make changes in some of these areas, such as security, to help reduce your insurance costs, but others are fairly fixed.
But what about moving? Is this is the best way to save money on your car insurance?
When we talk about moving in relation to car insurance, this can fall into two main categories: moving insurance company and moving home. Both of them have the potential to reduce the cost of your insurance but equally, things could also go the other way, so it’s an issue to consider seriously.
Of course, there’s no point moving home just to get cheap car insurance, but if you are moving house, it’s one of the things you might like to consider. After all, insurance costs vary massively in different parts of the country and, just like gas prices can jump or drop by 10% in just a few blocks, something similar happens to car insurance between zip codes. You could save as much as $1000 by moving to a different zip code, so this is serious money we’re talking about.
Don’t call the realtor just yet, though. There are often things we can do to reduce our insurance policy without upping sticks. For instance, if your car has a low Blue Book value, getting fire cover on your insurance policy is probably unnecessary. Fitting an alarm or parking the car on the drive instead of on the road can also help. Drive less if you can; the less you drive, the less your insurance (and your gas bill) will be.
So, what about moving insurance company? Is that a surefire way to save money on your car insurance?
Well, it can be. It’s a good idea to get new insurance quotes every year as it’s likely different companies will offer you different rates and you need to have a point of comparison to know whether or not you’re getting a good deal. Many people also do manage to save money by moving insurance company – but you could also ask your current insurer if there are any other deals they could give you that would save you some cash.
It’s also important that you look for value for money rather than the cheapest policy. For example, if you get seven insurance quotes, one of them might be more expensive than the others but it might also offer you the best and most comprehensive cover for your needs. This means that there is more to choosing insurance than just the headline price.
Overall, you don’t really need to move to get cheaper car insurance. You can get cheaper insurance by moving – sometimes. The important thing, though, is that you have the right level of cover for your needs and that you’re getting good value for money, not just a rate that appears attractive on the surface.