I just bought a Honda Accord and I need to get it insured soon, how do I get a good deal on car insurance for my new car?

Julia

Silver Spring, MD

Good question. Getting a good deal for your new car is not as hard as you might initially think. And you wouldn’t have to spend hours on the phone or have to hire a broker just to get the best deals. Listed below are six tips to not only help you find the most competitive car insurance rates, but to also locate a reliable insurer for you:

1. Use Car Insurance Comparison Portals – These websites allow you to run free and instant car insurance quote checks so you can see the latest rates coming from many different insurers. This is a great way to maximize your chances of finding the best deals in the market.

2. Visit Independent Rating Agency Websites – Pick the best car insurers. This can be done by knowing which car insurance companies have the best-overall scores from independent rating agencies like A.M. Best, Moodys, and J.D. Power.

3. Choose Your Coverage Carefully – Get a policy that suits your needs and circumstances. If you drive an old/cheap vehicle then consider a lower comprehensive coverage. Have reliable health insurance? Then Personal Injury Protection might not be as essential anymore. Study your policy well and remove redundant coverage items.

4. Don’t be Afraid of a Higher Deductible – Bigger deductible, cheaper premiums. Just don’t raise it too much so you can still file a claim when absolutely necessary.

5. Get an Annual Payment Plan – Paying your coverage a year in full can save you more money in the long run compared to paying monthly. Insurers typically reduce rates or give discounts for those who pay a year upfront.

6. Know Your Discounts – Some examples of discount includes: defensive driver discounts, good student, low-mileage, multi-policy and safe car discounts. Discounts are an easy way to lower your car insurance bills. Always ask your insurer about discount options.