Car Insurance For Less Than $100 a Month

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Car Insurance For Less Than $100 a Month

Do you need auto insurance for less than $100 a month but have a hard time finding it? This is a problem a lot of people have who are on a strict budget. Let’s face it; car insurance is an expense almost everyone has. The good news is there are steps you can take to get cheaper car insurance, and often under $100 a month. Let’s go over some proven strategies you can use to reduce your premiums below $100 per month while still maintaining quality coverage that will fully protect you. To get a free online quote, start by entering your zip code.  

Car Insurance For Less Than $100 a Month

The first thing you need to do is decide on the type of coverage that you need. There are three basic types of automobile insurance coverage. These are liability, collision, and comprehensive. Almost all states require motorists to purchase liability insurance, which is composed of two distinct parts. Bodily injury pays for the medical costs to the party that you injured in an accident you were at fault for. Property damage pays for the repairs of the vehicle you damaged and also property. Let’s go in depth on the different types of coverage.  

Liability Coverage

Liability insurance provides limited coverage, but it’s also the cheapest type of car insurance. Safe drivers that drive a used vehicle can often get liability car insurance under $100 a month. However, if you need more coverage, like comprehensive, then raise your deductible to $1,000 or even higher if you can. So, your chances of getting coverage under $100 monthly will increase.  

Many drivers with a good driving record with no accidents and no tickets and are over 25 can often get liability car insurance for under $50 a month. Not everyone will qualify for auto insurance that is this cheap. In short, the less risky of a driver you are, the less you will pay for coverage.   

If you have an older vehicle worth less than $7,000 that you do not drive much, it might make sense to get a liability only insurance policy. However, if you own or lease a vehicle, you will be required to purchase comprehensive car insurance. Collision insurance is a type of coverage that pays for damages that your car received in an accident. It also pays for repairs or replacement of your vehicle in the event the other party does not have adequate coverage. Check rates now by entering your zip code.

Collision Insurance for Under $100 a Month

For new and newer vehicles that are less than five years old, it’s a smart move to get collision coverage to protect the investment you’ve made. To get collision insurance for under $100 a month, raise your deductible to $1,000. Also, get rid of overlapping items on the policy like car rental coverage that you are probably already covered with by your credit card provider. You also want to compare as many quotes as you can to find the best possible rates.

Comprehensive insurance, like its name implies, provides broad coverage. A comprehensive policy will cover you for almost anything that happens to your car, not related to an accident with another vehicle. This includes things like natural events, such as floods and fires. It also provides theft coverage in the event your car is stolen. 

To get comprehensive car insurance under $100 a month, buy a used vehicle that is worth less than $15,000 and raise your deductible to $1,000 or even higher. Rates vary a lot on comprehensive insurance between carriers. Therefore, you should get at least ten comprehensive auto insurance quotes from regional and national companies.  

Auto Insurance Factors That Influence Premiums

Finding cheap car insurance under $100 a month depends on many factors. When you apply for auto insurance, the insurer will look at your risk profile based on numerous factors. The less of a risk you pose, the cheaper you will pay for car insurance. Conversely, the more risk you pose to an insurer, the more you will pay for coverage. Here are some of the basic factors that make up premiums.

  • Your Age
  • Your Gender 
  • The Type of Vehicle You Drive
  • Your Driving Record
  • Where You Live
  • Your Credit Score
  • Homeowner or Renter
  • Marital Status
  • Driving Experience

Older Drivers are Rewarded with Lower Rates

Drivers between the age of 30 and 65 pay some of the lowest premiums. Stats show that these drivers are involved in fewer accidents and file fewer claims than motorists between 16 and 25 years old. Because they are less risky and get in fewer accidents, older drivers are rewarded with lower rates.

The vehicle you drive is a huge factor in getting cheap auto insurance for less than $100 a month. To get the best rates, drive a used four-cylinder vehicle with four doors worth less than $10,000. Used SUVs, like a Jeep Cherokee, typically have low insurance rates.  

Your Driving Record Is Another Big Factor

To get the cheapest rates, stay accident and ticket-free. If you get a ticket, go to traffic school, so it doesn’t go on your record. Then, drive safe and watch your premiums go down.

Where you live also plays a significant role in rates. Generally, if you reside in urban cities, you will pay more for coverage than drivers who live in the country. But, this is because there are simply more accidents in congested areas with more vehicles than in rural areas.

Credit also plays an important role in setting rates

Statistics show that drivers with good credit scores above 700 get in fewer accidents and file fewer claims. Drivers with bad credit get into more accidents and are more likely to file false accident claims. Keeping your credit above 700 will improve your chance of getting auto insurance for less than $100 a month.

Homeowners pay cheaper rates than renters because they are viewed as less prone to taking risks. Likewise, married drivers, especially those with children, pay lower rates because they too rake fewer risks. Your driving experience is also a key component to determining the premiums you will pay. The more years of driving experience you have, the less you will pay for coverage. Compare free quotes online now. Just enter your zip code to get started.

Teen Auto Insurance Under $100 a Month

Teenagers are the highest risk drivers on the road. Almost everyone has had any experience with a teen racing by on the road at high speed, quickly changing multiple lanes, like they have nine lives. Unfortunately, this group of young drivers has become even more dangerous in recent years, thanks to smartphone addiction and distracted driving.

car insurance for less than 100 a month

Teens are getting into severe crashes and dying because they can’t put down their cell phones, even while driving. This is why many teens pay 200% and even 300% more than most older drivers. So, is it even possible to get teen car insurance for less than $100 per month? It can be challenging, but there are steps to take that will help lower teen auto insurance premiums. These include:

* Stay on your parent’s policy. This is important and is a big money saver.

* Take a Certified Defensive Driving Class.

* Drive a boring used car with 4 cylinders and stay away from sports cars.

* Drive less than 800 miles per month.

* Maintain a B or higher GPA and qualify for a good student discount.

* Stay ticket and accident-free.

* Shop online for the best rates.

* Get a Higher Deductible of $1,000 or more.

Implementing these tips can get you coverage for close to $100 monthly for drivers under 20. While it’s risky, some teenagers may be able to get a liability-only policy with a high deductible for close to $100 per month. Compare teenage car insurance rates online. Start by entering your zip.

Senior Auto Insurance For Less than $100 per Month

Seniors are some of the safest drivers on the road. Those motorists under 75 can often get coverage for less than $100 a month. For older drivers with a used car that is worth less than $5,000, consider dropping comprehensive coverage. This will save a lot. Also, if you drive less than 800 miles each month, you can qualify for a low mileage discount. Some companies offer lower rates to seniors, so compare as many quotes as possible, so you can get the best rates.

Tips to Lower Your Car Insurance Premiums

There are proven tips you can implement that will lower your coverage costs. Here are some of the best ones:

* Raise your Deductible to $1,000 or more. This will help save you 10% or more.

* Bundle your Home and Auto Insurance with one Company. If you have two or more vehicles and are homeowners, insure them together under one policy for maximum savings.

* Get rid of unneeded coverage. Look over your current policy carefully and remove unnecessary or overlapping coverage.

* Take a Defensive Driving Class and save about 5%.

* Install Telematic Tracking and get a big discount of 10% or more.

* Maintain a good credit score above 700.

* Reduce Comprehensive Coverage on an Older Vehicle. If your car is paid off and worth less than $10,000 it might be wise to get collision coverage or even a liability only policy and drop comprehensive.

Compare Multiple Quotes Online to Find the Best Deals

It’s easier than ever to compare multiple car insurance quotes online. The web has made shopping for automobile insurance super easy. Often, you can find the lowest rates online with direct insurance providers. Many carriers have low deposits under $20 and rates under $100 a month. You can also check rates with local agents and brokers, but it’s wise to shop first online because most people save the most with direct deals. 

So, get started now and enter your zip code. Then, see how easy it is to save hundreds by shopping for auto insurance online with Rodney D Young.