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How You Can Save Money and Enjoy Great Coverage

Cleaning up your credit report and choosing coverage levels wisely are two of several ways to get cheap insurance online. Read on for more tips on how to secure the most affordable protection.

  1. Make insurers compete for your business. Insurers are much more likely to give you affordable premiums if they know you can easily go with a competitor's offer. When companies have to compete for your business, rates tend to drop and coverage quality goes up. To maximize this competition, get at least three quotes on cheap insurance online when you shop.
  2. Access the insurance department for your state. State insurance departments keep data on the average premium for different areas of your state. You can estimate how much coverage should cost in your area and compare the premiums of various providers. Use this information to help you find affordable rates online.
  3. Get your credit score. In most cases, it's impossible to find a well-funded plan online if you don't have good credit. Although insurers use a slightly different credit report to determine your rates, you can still get a good feel for how your report will measure up by ordering your credit score. Usually, you can get your credit score for about $15, and it will help you estimate the kinds of premiums for which you'll qualify.
  4. Do your homework on discounts. You can't rely on your insurer or agent to tell you all about the discounts offered, so it's important that you do thorough research on discounts when shopping for a plan. Most companies have a list of discounts available on their websites, so read through the list to see which discounts might apply. Some discounts can save you up to 20% on your policy premiums.
  5. Don't set your deductibles too low. If you want to find an option with extremely low premiums, you'll have to keep your deductibles relatively high. The more risk you are willing to take on with higher deductibles, the less your provider will charge you for coverage. Even raising your deductible by $500 can make a huge difference in your rates.
  6. Do one-stop coverage shopping. As you shop for a plan, consider buying all of your policies from the same carrier. Doing so will make you eligible for the valuable multi-policy discount, which often results in massive reductions in premiums. Typically, consumers bundle their life, auto, and home insurance with the same company to save money.
You can take care of all of your cheap insurance online comparison shopping without ever having to navigate away from our site.