Reader question:

Can you give me like a comprehensive list of what I should do if I want to get affordable car insurance for my muscle car?

Mike

Thanks for your question, Mike.

I’d be happy to oblige. Many people in the United States are plagued by the lack of affordable auto insurance options, especially in areas like New York when prices are rising every year due to things like fraud and uninsured drivers who are unable to pay for their damages. However, even in the most expensive states, like New Jersey, where the average yearly premium is around six thousand dollars, affordable car insurance can be had if you try hard enough and are willing to make a couple of sacrifices.

• Stay clean.

Having a good driving record is a big part of getting affordable car insurance because it puts you on a whole different level. As someone who has a good driving record, car insurance companies actually want you. You are a preferred driver, although you will have some risk attached to you for driving a muscle car. However, most companies will reward you for going a few years with them and not getting into any accidents.

• Watch your credit.

This is a newer addition to affordable car insurance problems, but even if you pay your car insurance premium on time every month you might have to pay more thanks to a bad credit report. Keeping your credit in good shape is important to getting a lot of things in life, so affordable car insurance shouldn’t be your only motivation, but it certainly helps.

• Get discount car insurance.

For awhile I was afraid to ask about discount car insurance because I figured that if I had been eligible for any discounts, they would have told me. Not so. Unless you have a car insurance specialist or broker working specifically on your behalf, then you can go years without realizing that you are eligible for a discount, and a lot of them aren’t automatically applied. Always make sure to ask when you are getting a new car insurance policy, and even if nothing’s changing just call up your car insurance company to make sure that you inform them of what you want.

• Pay less now, more later.

Raising your car insurance deductible can seem like a bad idea for many people who might not have five hundred to a thousand dollars available all at once and so have to deal with monthly sums of a hundred dollars or so. However, if you raise our deductible then you can save a lot of money on your affordable car insurance policy. First of all, you only need to save what money you would have been paying on higher premium and then set that aside for a deductible which you might never pay.

• Shop around.

This is of primary importance when it comes to getting an affordable car insurance policy, because rates vary so widely between different companies. Get several online car insurance quotes so that you can see what is out there to be offered.

Cheers,

Fashun Guadarrama.