Top 10 Cheap Car Insurance Companies 2013

 

Cheap Car insurance is not necessarily the best car insurance

Car insurance is a mandatory requirement for everyone who owns or drives a car. It is a safety net in case of an untoward accident or breakdown or theft and is therefore important to have one regardless of the age or the type of vehicle. It is a basic trend that people do not usually anticipate bad things happening to them and hence opt for companies offering cheap car insurance. However a cheap car insurance sometimes fail to really be of any help in case of an incident and tend to backfire.

Solely the price of the insurance is insufficient

This statement means that the price of the car insurance is not the only factor to decide on while buying a policy. There are other more important factors such as the customer care service of the insurance company, its reputation in the market and the types of coverage which it provides. It is highly likely that a cheap car insurance policy may be covering only menial incidents and cutting corners on prime issues.

Five important factors to keep in mind before buying a car insurance

In order to get great deals on your car insurance you should keep an eye on some important factors. These factors could be utilized to your advantage in order to obtain cheap car insurance.

• The make and model of the car is an important factor in determining the insurance. The foreign cars may require you to pay greater premium than an average American minivan since the parts of former are more expensive and difficult to obtain hence increasing the cost.

• Number of cars being insured may also reduce the insurance premium. Almost every insurance company offers multi-car discount on coverage of more than one vehicle.

• The extent of coverage may increase the premium. The more extensive coverage you want, the more you will have to pay.

• Record of the driver is also important for the auto insurance companies. More tickets or any prior accident may reduce the possibility of getting cheap car insurance. Also the other characteristics related to the driver such as age, location of residence, education, health insurance and financial stability etc. determine the price of insurance as well.

• Safety features of the vehicle also go a long way in determining the price of the car insurance. Vehicles with lots of safety features and car alarms generally result in cheap car insurance for the owner.

The ten most popular car insurance companies

There are many companies providing cheap car insurance. However there is not a said benchmark defining what is cheap and what is not since only price alone does not matter. The price of the auto insurance may change depending on the above mentioned factors. Nevertheless these are the most popular insurance companies to look for in case you are planning to buy a car insurance.

1. GEICO

2. Liberty mutual

3. Esurance

4. State farm

5. Nationwide

6. Allstate

7. Progressive

8. USAA

9. The Hartford

10. 21st Century Insurance

Always choose wisely

Whether a policy could be categorized as cheap car insurance depends totally on the purview of the buyer. The important thing is to keep in mind all the factors determining the price of insurance and using them to your own advantage to obtain the cheapest insurance possible without compromising safety.