Can low-cost car insurance mean drivers are sacrificing quality?

Not true. It depends on how the cost savings come about. Higher deductibles and low operation cost by the insurer could help reduce the rate drastically. For those buying a new car and like the added services of “human” agents, they have to pay higher rates.

 

What steps can drivers take to lower their car insurance costs?

Insurance companies charge a premium based on a set of criteria to determine the risk of losses. The age of the driver is about the only thing that cannot be changed. Practice driving safe, going to a safe-driving program, take a higher deductible, and don't buy vehicles that are high risk - all could reduce your insurance premium.

 

What is the best way for drivers to fit auto insurance expenses into their budget?

Check the insurance premium before buying that 'dream’ car! Don’t let that dream car be your nightmare. A common mistake people make is they tend to be less careful if they know they have “good insurance”. Don’t submit claims just because you can. That always leads to a higher insurance premium in the future.

 

What are the key factors drivers in Utah should look for when searching for the best auto insurance coverage?

Look at the minimum required by law. Insurance companies almost always scare you into buying more coverage than you need. If you’re a safe driver, the minimum is often enough. Also, do you really need comprehensive coverage for your 1999 Toyota Corolla? As a nation, we’re over-insured for most things. Another key is your credit score. It is a key factor in determining your insurance premium. So, be a good driver and a good consumer are keys to financial success (and lower insurance premium).

 

What steps can drivers in Utah take to find affordable car insurance?

Always shop around! Oftentimes, the threat of leaving your current insurance company can lead to rate reductions.

 

This was originally featured on MoneyGeek.com's"Expert Advice" section. To read the full articles, visit https://www.moneygeek.com/insurance/auto/cheapest-car-insurance-quotes-companies/#expert=dr-leo-chan and https://www.moneygeek.com/insurance/auto/cheapest-car-insurance-utah/#expert=dr-leo-chan.