Cheap Car Insurance Under $50 a Month

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Car Insurance Under $50 a Month

Finding car insurance under $50 a month that also comes with appropriate coverage can often be quite difficult if you are not familiar with some of the car insurance companies’ cheap tricks. However, you can get the best product that your money can buy. You just need to shop around for a car insurance offer that meets your coverage and budget requirements.

Auto insurance rates do vary quite a bit from provider to provider. Therefore, it is imperative to compare quotes from different companies. Ideally, you should compare at least ten rate quotes. Ready to start your search for $50 a month car insurance options? Provide your ZIP code to get a free online quote.

ABC’s Of Car Insurance Rating Factors

Before shopping around for auto insurance under $50 a month, you should know that your rates could be affected by several elements. When calculating your rates, auto insurance providers consider your age, gender, marital status, place of residence, driving skills, and credit history. Other factors that could affect your premium are the make and model of the car you own and the number of miles your drive per year.  

  • Age: The youngest drivers and the oldest ones are more likely to be involved in traffic accidents. This is the reason why they generally pay higher car insurance rates. Premiums typically decrease for drivers over the age of 25. 
  • Gender: Women are considered safer drivers (or at least less irresponsible). They generally pay less on auto insurance than men. 
  • Marital status: Insurance companies perceive married people as more responsible drivers. Also, married couples could get a discount if they buy insurance for more than one vehicle. 
  • Location: Residents of rural areas pay less for auto insurance than drivers who live in populated cities or suburbs. The least populated areas are generally the places with the cheapest car insurance rates. If you live in this type of area, you can possibly get car insurance under $50 a month.
  • Vehicle type: Sports and luxury cars are more expensive to insure than typical vehicles. When calculating rates, car insurance companies consider how likely your vehicle is to be stolen or involved in a car accident and how much it would cost to replace or repair it.  
  • Miles driven: The chance of being involved in an accident increases as you travel more miles. If you don’t drive regularly, you could be eligible for a low mileage discount and pay less for car insurance coverage

Other factors that also influence your $50 car insurance premium

  • Your occupation
  • Driving experience
  • Driving history
  • Auto insurance claims and
  • Whether or not you have a bankruptcy on your record

You have no control over some of these issues. However, you could do a few things to obtain your auto insurance provider’s best possible rates.

How To Get $50 Car Insurance?

There are many options for cutting costs and saving money on your policy, in addition to the type of auto insurance and the amount of coverage you could choose from. Comparing three to five quotes from different providers could save you hundreds of dollars. Almost all auto insurance providers would offer significant discounts if you buy their policies online, increase your deductible amount, or add safety features to your vehicle. 

Shop Around To Find Car Insurance Under $50 a month

Securing an affordable auto insurance policy is an essential issue for all drivers. The best way to get there is to compare several quotes from reliable companies. You could visit quote comparison websites or contact an insurance broker directly. Regardless of which method you choose, shopping around is always a wise option. It is a good idea to search for information online before contacting an agent. Reading customer reviews and knowing some guidelines for purchasing affordable auto insurance could lead you in the right direction. 

Compare $50 a Month Auto Insurance Quotes Online

Detailed comparisons of many auto insurance quotes from top auto insurance providers are just a few clicks away. The best thing is that you can obtain all the quotes you want free. Let’s look at some guidelines:

  • Carefully analyze your insurance budget.
  • Compare quotes from at least five different auto insurance providers.
  • Fill out a small application form. You should provide truthful answers if you want to secure affordable quotes that meet your budget requirements for auto insurance under $50 a month. 

Research All Your Different Insurance Options

You’ll receive multiple quotes based on the answers you have given on your form. Compare them to each other and select at least five options. List potential insurance providers and find out about them by contacting your state department of insurance. You could also do research online. There are websites where you could find comparison charts of insurance companies. They could help you compare providers side-by-side and know what the average prices are. 

Raise Your Auto Insurance Deductible

After you have found an auto insurance policy that meets your requirements, you could think of ways to reduce costs. One method is to increase the amount of your deductible to lower your rates. The deductible is the amount of money you have to take out of your own pocket before the insurer pays for the accident’s damages. Raising your deductible amount could represent savings of up to 50 percent of your premium per month and you can have auto insurance coverage for $50 a month.

Maintain A Good Credit Score

Before buying your auto insurance policy, you should pay your bills by the appointed time and pay off any remaining debt. Maintaining a bad credit record could increase your auto insurance rates. An excellent credit score would go a long way toward obtaining an affordable policy that fits your budget and any other requirements. Drivers with good credit history could get an auto insurance quote up to 30 percent cheaper than drivers with lower credit ratings. 

Benefit from Discounts Provided by Auto Insurance Companies

More and more auto insurance companies provide incentives and discounts such as defensive driver discounts, club membership discounts, good student discounts, and low mileage discounts, among others. Drivers could apply for multiple discounts at the same time. When purchasing your auto insurance policy, you should ask your provider about the discounts they offer. Read below for details on the different discounts:

  1. Bundling Discount: You could receive significant discounts when you purchase home insurance, auto insurance, and health insurance from the same provider. 
  2. Low Mileage Discount: Some insurance companies offer discounts to drivers who travel a below-average number of miles per year. 
  3. Defensive Driver Discount: Regardless of your age, by attending defensive driving courses, you could improve your driving skills and save some money on insurance at the same time. Using this type of discount, you could get 10 percent cheaper rates. 
  4. Good Driver Discount: Safe drivers who had no traffic violations on their driving record in a defined period could get car insurance for less than $50 per month.  
  5. Safety or Anti-Theft Equipment Discount: An effective option you could use to get companies to offer you cheaper auto insurance policies is to install approved anti-theft devices and alarms in your vehicle. You could get even lower rates if you add automatic seat belts and airbags. 
  6. Multiple Vehicle Discount: If you own more than one vehicle, it would be a good idea to insure all of them with the same provider. This way, you could get lower premiums. 
  7. Military Discount: Members of the United States military could get lower rates from almost every auto insurance company in the country. 
  8. Good Student Discount: Those students with good grades could save money on car coverage. Students and graduates under the age of 25 could be eligible for this type of auto insurance discount. 
  9. Club Membership Discount: $50 monthly car insurance or lower rates might be offered if you are a member of certain clubs or organizations.
  10. Retirement Age Discount: Auto insurance companies consider older adults less likely to be involved in an accident. This type of discount is available for drivers over 50 years of age. If that’s the case for you, make sure to compare multiple companies to guarantee you are getting the best agreement. 

Where Should You Look For car insurance under $50 a month?

Suppose you want to get Auto insurance over the phone. In that case, you have to contact each auto insurance company individually, provide your personal details, and then wait for them to send a quote. Almost everyone who tries this method will finally give in and choose a policy before they finish evaluating possible options. 

Therefore, a good starting point to get $50 a month car insurance is to compare coverage online. By using our comparison tool, you could easily compare plans from different providers against each other. It would probably take less than fifteen minutes to complete the form to get started. It is not a wasted effort if you could save hundreds of dollars a year. You could also use our ZIP code form. However, it might not provide all the results right away because some auto insurance companies do not sell to customers directly but through agents. Therefore, if you want to compare all available providers, you should be patient to receive the most precise quotes that they could offer. 

Just enter your ZIP code and start saving hundreds right now!