Helpful agents are standing by: (210) 775-1981
Press play below to listen to our audio commercial:

Ideal for Low Income Earners – What are the Ideal San Antonio Car Insurnace for Low Income Earners?

When you are a low-income earner, you will probably try to save as much money as you can, when it is coming about your car insurance. You will definitely not like to pay more than the necessary price in order to purchase your car insurance in San Antonio.

There are particular things which worth to pay attention for. All these factors can decrease your policy rate. Nevertheless, you will get to see that some insurance companies are offering a part of discounts and other companies, another part of discounts. You should carefully analyze all the factors and choose a company that will offer you cheap car insurance in San Antonio.

One of the many things you can do in order to decrease your policy’s rate is to increase your deductibles. The deductible is in fact an amount of money that you should pay each time you file an auto insurance claim (for example, each time you are involved into a car accident). It will be wise to keep a higher deductible (as 750$ for example, instead of 500$), because the higher is your deductible, the lower will be your policy’s rate. The reason behind this is that your savings will be greater and you will have a constant lower rate.

Of course, if a car accident occurs, you will have to pay the deductible amount first, but, comparing the savings you will get from your lower rate and this deductible to be paid only in case of an accident, you will see that a higher deductible will bring you more saving, thus it is more advantageous.

You should also make sure that you do not pay for coverages that you do not need. There are some policies, which include by default some additional coverage. If you find out that you pay additional insurance types, you can request your insurance company to downgrade your policy in order to cover just the minimum state’s requirements. In San Antonio city, the minimum requirements are $30000 for bodily injury in case of one injured person, $60000 for bodily injuries in case there are at least 2 injured persons, or $25000 for property damage. More, Rental car reimbursement or

Roadside assistance coverages can be also included, by default, in your car’s policy. Make sure to exclude from your policy everything you do not need. In this way, you will start immediately save some particular amount of money. In addition, if you are the owner of an old car and you have collision insurance or comprehension coverage, you should better stop to pay and benefit of those services. The reason is that, for cars older than ten years, these two policies dramatically increase their costs. It might be even cheaper to fix the car by yourself if something happens, instead of paying a high amount for collision or comprehensive coverages.

Another thing you could do is to pay the entire policy amount when you purchase the car insurance. By doing so, you can end up by saving around $75 per year. If you want to pay through an installment plan, this is fine too, but you should understand and expect that the final amount of money that you will have to pay during one year (through a monthly installment). It will be greater than the initial amount of money that you could pay from the beginning in order to purchase that insurance policy. Alternatively, if you really want to choose an installment plan, because you just do not have the entire amount of money, you could at least pay a half of the initial policy’s price. This will be a middle way, in order to save some money and benefit, in the same time, of an installment plan.

What Else You Could Do If You Are A Lower Income Earner?

Well, when signing for auto insurance you could deliberately exclude anyone else from your policy. Usually if one family member will drive you car, in case of an accident, he will be insured as if it was you driving your car. However, if you want to save some extra money, you can exclude everyone else from your auto insurance. In this case, you will be the only person covered through that policy. This solution brings you some disadvantages too, still, it will help you lower the policy rate and purchase cheap car insurance for low-income earner, especially.

The loyalty is another valued factor. If it is possible, try to maintain your car policy at the same provider. If you already have purchased auto insurance from a particular insurance company, and you will get the second policy from that company, you will receive a fidelity bonus. Usually, this type of discount varies from 5% up to 10%, so is doing worth to keep the same provider, in order to save more money. Also regarding loyalty, if your family owns multiple cars, what you could do is to bring all these vehicles together on the same policy.  This will certain decrease your lower rate compared to a cumulate rate of each car having its own policy. In this case, you will receive a multicar discount.

Further, another thing you could do to save some more money is to sign all your insurances with the same company. For example, you can have all your life, medical, home or car insurances signed with a particular insurance company. You will receive an extra bonus.

If you get a low income, you should also know that, purchasing auto insurance through an online website might make you eligible for an additional discount. There are some insurance companies who values and encourage the online payments, therefore, be sure to check all the quotes you’ll receive here and see which company will offer you an additional discount in order to online purchase your policy.

You can get free insurance quotes here, by entering you zip code. You will have the chance to compare all insurance companies’ offers and purchase cheap car insurance in San Antonio.