Car insurance is one of those things we all know we need. Car insurance is also one of those things some people think you can’t save a lot of money on. I’m happy to say that there are several ways to save some money on your car insurance payment. Remember that not every tip will work for you but they are all still worth looking into.
Saving on Car Insurance
Shop Around – All insurance companies are different and will offer you different quotes. Spend a few hours calling around and getting several quotes. You might be surprised at how much lower one company can be from another. Before agreeing to make the switch from one company to another make sure to read the details of the insurance. You will want to make sure you are satisfied with the insurance coverage.
Ask About Discounts – Call your current insurance company and ask about any discounts they might offer. Sometimes insurance companies will offer discounts for a good driving record, taking a driver safety course, good grades and a variety of other things. Some of these discounts can easily save you 15 to 25% off your insurance premiums.
Price Out Insurance Before Buying – If you are in the market for a new car, do yourself a favor and price out insurance before buying. The cost of insurance varies based on the type of vehicle you purchase. Getting quotes on several different vehicles you are interested in can save you a significant amount of money.
Up Your Deductible – Raising your deductible can save you a lot of money on your insurance premiums. You should keep in mind that when you raise your deductible, you will pay more out-of-pocket should an accident happen.
Drive Less – When being quoted for insurance one of the questions asked is how many miles you put on your vehicle. The amount of miles you drive on your vehicle is factored into how much you pay for insurance. Driving less, means fewer miles, which means a lower insurance premium. Try carpooling with a friend to work or when shuttling the kids around.
Find out how to save money on cars!