Jessica Sautter is a Content Writer for CarInsuranceCompanies.com with a Bachelor’s Degree from Eastern Michigan University in Elementary Education with a Major in Reading and a Minor in Mathematics.

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Chris Harrigan has an economic degree from Limestone College and an MBA from Clemson University. He previously managed auto insurance claims for Enterprise Rent-A-Car. Currently, he is using his business and insurance expertise to provide insurance data analysis and visualizations to enhance the user experience.

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Reviewed by Chris Harrigan
Former Auto Insurance Claims Manager

UPDATED: Sep 19, 2020

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Key takeaways...

  • Most people drive used cars because they are cheaper to insure than a new one
  • High-risk drivers pay more than someone with a clean driving record
  • Some drivers hesitate to compare rates because they feel like they’re already getting a great deal on their used car coverage

Finding and being able to get used car insurance quotes is essential to most used vehicle owners.

For the majority of us, a big part of the reason we drive older cars is for the cost savings they offer. A big part of that financial savings comes from lower used car insurance quotes.

From preferred drivers with spotless driving records to SR-22 motorists and other high-risk drivers, policyholders everywhere stand to greatly benefit when they can find ways to save on their used vehicle insurance.

Even if you feel good about the rates you’re already paying, it never hurts to examine other options. In fact, drivers should get some used car insurance quotes each year prior to renewal.

Try our zip code search and compare car insurance rates from all of the states! Enter your zip code above and get started for FREE!

Table of Contents

Tips for Sensible Auto Insurance Quotations

As cars get older, they depreciate in value in a fairly predictable manner. Over time, then, the actual value of collision and comprehensive car insurance also depreciates.

For this reason, policyholders looking at used car insurance quotes should pay close attention to the market value of their cars.

Vehicles whose value is less than 10 times the annual premium for collision and comprehensive are generally no longer worth insuring with full coverage.

The limits of full coverage policies are generally tied to the market value of the insured vehicle.

But consumers should understand what they’re getting for their money and know that full coverage doesn’t pay for a brand-new car in the event of a total loss.

Be sensible in the auto insurance choices you make, and obtain used car insurance quotes based on your needs and on an accurate assessment of your coverage situation.

Though it is certainly not true all the time, in many cases used cars really aren’t worth investing all that money into full coverage.

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Compare Pricing for Used Vehicle Insurance

It’s not always feasible to make coverage decisions without looking at hard numbers. Making the choice to drop full coverage on a used car, for instance, is not something anyone should do without financial justification.

But it all starts with comparing prices and seeing what the market looks like for used car insurance quotes.

As a general rule, it’s inadvisable to switch carriers in the middle of a policy period even when you find low-cost auto insurance.

Used car owners should instead focus on finding the best deal for their next policy.

This is fairly simple to do these days, thanks to the online auto insurance marketplace.

Get a good look at used car insurance quotes from highly regarded auto insurers and find out which company can help you save the most money on your premium.

Some drivers hesitate to compare rates because they feel like they’re already getting a great deal on their used car coverage.

Shop Smarter for Insurance Savings

If you are like most used car owners, you value the opportunity to save money whenever you can.

The market for used vehicle coverage is competitive, but many consumers are shocked at the price disparities from top to bottom in their local markets.

It is possible to save hundreds of dollars a year off your used car insurance quotes when you shop online and compare the best rates from several leading providers.

In many ways, the key to saving money on auto insurance quotes is to shop smarter.

Drivers have the best chance to obtain the cheapest used car insurance quotes when they expand their search and look at more companies.

No one should just settle for high prices when there are great values available. Capitalize on the convenience and cost savings of the online market and find low-cost used car insurance quotes from top insurers in your region.

Enter your zip code below and find affordable car insurance for your used car now!

References:

  1. https://www.nh.gov/safety/divisions/dmv/financial-responsibility/insurance.htm
  2. https://www.esurance.com/info/car/comprehensive-and-collision-coverage
  3. https://www.allstate.com/tools-and-resources/car-insurance/what-is-full-coverage.aspx
  4. https://www.geico.com/auto-insurance/