It may sound a challenging task to get your car insured under $50 a month, but trust us that it is not that difficult. Here you will glance at different pieces of practical tips and recommendations that will help to find cheap car insurance while keeping the desirable level of the insurance.
Understanding Car Insurance Basics
Liability Insurance: Covers human injuries and death of or to others in case you are dragged to court for causing an accident.
Collision Insurance: Pays for damages to your car in a crash and does not care who caused it.
Comprehensive Insurance: It also entails other perils other than the physical contact impacts that include theft, fire or natural disasters.
When it comes to a friendly dollar figure below fifty dollars, the coverage that is useful is what is referred to as liability only insurance. Collision and comprehensive for instance always attack a higher price but it covers a broader insurance area.
Suggestions on How to Get Auto Insurance for Less than $50 Per Month
1. Compare Quotes from Multiple Insurers
Insurance companies raise premiums for the same insurance at different amounts. Employ the services of the internet for the purpose of getting quotes. Sites such as MoneyGeek and ValuePenguin can help you with the comparison you need for your desired vehicles .
2. Opt for Minimum Coverage
Most states have a minimum requirement for auto insurance that includes liability only. Hence, if you opt for liability only, you will be able to enjoy a much lower rate. For instance, State Farm offers some of the most attractive prices for minimum necessary auto insurance, with prices around $50 per Month in many states.
Look for Discounts:
Insurance providers have incentives that they give to their clients, which they can use to lower their premiums. Common discounts include:
Safe Driver Discount: These were provided to clients with a clean record on the road, for instance, non-reckless drivers.
Multi-Policy Discount: Coupons which may be provided for the purpose of purchasing car insurance along with another type of insurance, for instance house insurance.
Good Student Discount: If a student meets a set GPA, they should be able to get a scholarship.
Safety Features Discount: For cars with assembled safety gadgets, for instance anti-lock brakes or anti-theft devices.
Consider Your Vehicle: One’s choice of car can also influence the amount of insurance that they are required to pay. Smart shoppers’ insurance premiums are usually cheaper, especially if the vehicle has a good safety rating and if its repair costs are relatively cheaper. For example, minivans and vehicles suitable for families are more affordable in insurance than sports cars.
Adjust Your Deductibles: On the same note, raising your predetermined deductibles can enable you to secure lower monthly premiums. But make sure that the chosen amount of the deductible is calculated in a way that would not be too hard on your pocket in case of an accident.
Maintain a Good Credit Score: Unfortunately, though, in many states across the country, the insurer may consider your credit score a measure in setting your premium. Increasing the credit score, in our cases, can bring down the rates.
Limit Your Mileage: It is available for insurers that offer lower prices if the driver occasionally uses the car. If you are using your car occasionally, like only on weekends or on some special occasions then you are eligible for it.
Review and Update Your Policy Regularly: Personal conditions also affect insurance costs, such as relocating to a different state or getting married. It is recommended that you review the policy and check whether you are being offered good rates.
Average State Minimum Liability-Only Less Than $50 Per Month
Here are some of the companies offering state minimum liability-only coverage at affordable monthly rates:
| Company | Monthly Average Cost |
| American National P&C | $20 |
| PEMCO | $22 |
| USAA | $24 |
| Cincinnati Insurance | $24 |
| Vermont Mutual | $24 |
| Grinnell Mutual | $25 |
| West Bend Mutual | $26 |
| Western National | $27 |
| Texas Farm Bureau | $28 |
| Auto-Owners Insurance Co | $28 |
| North Carolina Farm Bureau | $28 |
| MAPFRE | $30 |
| Westfield | $30 |
| Erie | $30 |
| Plymouth Rock Assurance | $31 |
| Alfa | $33 |
| State Farm | $34 |
| GEICO | $35 |
| Acuity | $36 |
| Country Financial | $37 |
| Amica Mutual | $38 |
| Arbella | $38 |
| Nationwide | $38 |
| American Family | $40 |
| Travelers | $42 |
| AAA | $42 |
| NJM | $42 |
| CSAA | $43 |
List of States with Lower Car Insurance Rates
Some states will obviously cost less to provide car insurance because of factors that may include fewer cases of accidents and disasters. Thus, Wisconsin, Maine, and Ohio remain relatively low in calculated average premiums. If the resident isn’t very selective when it comes to location, the cheapest auto insurance can be obtained in these states at less than $50 a month.
Conclusion
It is quite possible to get car insurance for less than $50 a month if proper steps are taken and adequate decision is made. Thus, you can look for cheap insurance with the help of comparing quotes, choosing the minimum coverage, using discounts, and driving safely. This will, in turn, assist you in managing your car insurance costs. The important thing to do is to constantly avail yourself of the policy and stay informed on the things that factor into the insurance rates.