Black Friday discounts
Black Friday is quickly becoming one of the best days of the year to not just buy a tv, that fancy kitchen mixer — or a car — but you can also find Black Friday car insurance deals. Many savvy shoppers consider Black Friday an opportunity to reduce the costs of expensive services, even if only for a short amount of time. But, be warned: many discounts/deals that are offered on Black Friday may come with some strings attached.
Black Friday car insurance deals make it one of the best times to switch car insurance companies. One of the most popular promotions is a discounted rate for a short period of time: say, 30% off the first six months of car insurance when buying a one-year plan. As with any promotional deal, you want to make sure to read the fine print and be wary of a deal that seems too good to be true. You might be getting a 50% discount on your car insurance for the first six months, only to be paying a 150% premium for the next 18 months. Or you might receive a discounted rate for a short period of time: say, 30% off the first six months of car insurance when buying a one-year plan. Read the fine print, shop smart, and if you were planning to switch insurers anyway, then this could be a huge win.
Each insurance company has its deduction limits. After all, it’s complicated to provide huge discounts in the insurance industry. If an auto insurance company suddenly gives car insurance to thousands of high-risk drivers, it exposes them to huge liability. With the discounted rates, they might not have the money to cover all of the new drivers. While bigger companies may provide a 10-15% discount for several months, smaller and lesser-known companies may adopt a more aggressive sales tactic and provide bigger discounts, like 30-40% for more time. Prices vary widely and in order to keep track of all opportunities, we recommend drivers to monitor several insurance and consumer report websites.
With more people staying home and socially distanced year, getting car insurance quotes during Black Friday is a smart idea. Ultimately, comparing auto insurance quotes online is easier than ever before, and can help you be fully prepared to take advantage of the best Black Friday car insurance deals for you.