Save on Auto Insurance – Smart Ways to Lower Your Rate
So, how to Save on Auto Insurance? Insurance premiums vary hugely between companies and agencies, but if you’re willing to take some time and shop around, it’s reasonably easy to find something affordable.
To get the best rates on auto insurance, we recommend these 10 money-saving tips:
Tip #1: Always maintain a good driving record. If you’re one of those people who consistently break the law or drives too fast, your vehicle insurance rates are going to reflect the perceived additional risk of providing you with insurance.
Tip #2: Get competitive quotes from different insurance providers. The more you have to compare against, the better informed you’ll be and the more likely you’ll get the best rates.
Tip #3: Check insurance costs before you buy a new vehicle. Find out which features increase insurance premiums and which ones lower them. Keep these things in mind and choose your new vehicle carefully!
Tip #4: Choose higher deductibles. This could reduce your vehicle insurance costs by 15% to 20%
Tip #5: Consider buying vehicle insurance from the same company you have your home, accident, or life insurance with. Many companies offer discounts to clients who buy more than one kind of policy.
Tip #6: Keep your credit record clean. Did you know some insurers take a look at your credit score before setting your rates? It is in your best interest to pay bills on time, keep loans to a minimum and keep credit balances low for the best credit score.
Tip #7: Don’t duplicate coverage. Consider dropping medical payment coverage if you have a good health insurance policy. Because medical costs are so high, this could save you up to 40 percent on vehicle insurance premiums!
Tip #8: Choose where you live carefully. Due to the risk of theft, sometimes living and parking your vehicle in a rural community or suburb costs less than in the city.
Tip #9: Take advantage of discounts like low-risk career, low mileage, carpooling, no violations or accidents, taking defensive driving courses, or senior citizen price cuts.
Tip #10: Make sure all your family’s vehicles are insured together and check group rates through corporate organizations, community clubs, and professional or alumni bodies.
The Insurance Information Institute gathered also some useful tips about Save On Auto Insurance:
- Shop around for your car insurance.
- Compare insurance costs before you buy a car.
- Raise your deductible.
- Reduce optional insurance on your older car.
- Bundle your insurance and/or stick with the same company.
- Maintain a good credit history.
- Take advantage of low mileage discounts.
- Ask about group insurance.
So, shop for Car Insurance wisely and Save On Auto Insurance. Good Luck!