Everyone wants to save money on car insurance, and it's probably much easier than you think. Use the following tips to earn discounts and smaller premiums from your auto insurance carrier:
Choose Your Car Wisely
If the high cost of insurance premiums is an issue going in, make sure you get one or two quotes before purchasing your new car. Choosing a model that rates high on the list of most-stolen cars or that has a notoriously poor safety rating is going to cost you more. Additionally, look for vehicles that come equipped with safety options such as theft-deterrent systems and automatic seatbelts. Cars that offer these features typically cost less to insure.
Raise Your Deductible
Choosing a higher deductible is one of the simplest methods of lowering your monthly premium. If you're willing to foot a larger percentage of the repair bill in the event of an accident, you'll pay less on a monthly basis.
Safe drivers pay less for insurance, and that's a fact. If you're someone who's involved in a fender bender once a year, you're going to feel it when it comes time to pay your monthly bill. Auto insurance carriers want assurance that you know what you're doing when you get behind the wheel. If you have more accidents than the next guy, consider taking a safe driver training class.
Keep an Eye on Your Credit
If you're someone who generally pays bills on time, you can often qualify for a lower rate. A strong credit rating is important to most companies that do business with you, including your auto insurance carrier. They prefer to deal with drivers who are responsible and mature, and credit score is a perfect indicator.
Bundle Your Policies
Ask about discounts for bundled policies. It may cost less to insure your vehicle if you choose the same carrier who holds your homeowner's policy. If you also own a boat, a motorcycle, or an RV, ask about bundling everything into one monthly payment.
Ask About Low-Mileage Discounts
Do you carpool back and forth to work, or do you work out of your home? If so, you might be eligible for a low-mileage discount. If you're someone who puts few actual miles on your car throughout the year, make sure your insurance agent knows this.
There are multiple ways to shave dollars off your auto insurance premiums. Make sure you look into each and every one.