Car insurance is not an option. But it doesn’t need to cost a large amount of money. If you’re willing to put in a little effort and a little planning, you could save a ton of money on your premiums without compromising on your cover. Here are a few smart tips that will help you save money on auto insurance.
Check auto quotes whenever it’s time to renew your policy. But look beyond the price. Ensure that any new deal you take doesn’t reduce your coverage. You should also request quotes when you’re buying a new car, combining cars into one policy, adding or removing a driver, getting married or divorced, moving, adding a teen driver, buying a home, getting a DUI or other violation, if you’ve been in an accident, or if your credit score has changed.
Insurance companies believe married people and homeowners file fewer claims and, thus, give them cheaper premiums. If this applies to you, then you may also want to consider purchasing homeowners or renters insurance from the same company that provides your auto coverage to get discounts for both. You could save up to 30%. But remember to compare.
Raising your deductible can get you between 15% and 40% off on your premiums. It all depends on how much you’re willing to pay in case of a claim. Remember to keep that money aside in case you ever need it.
Ask your agent if you’re eligible for any discounts. Most insurance companies offer a good student discount for high school, college, and even homeschooled students. You can also get a discount if your child is away at college. Your loyalty to your coverage provider, car safety systems, car security systems, paying premiums in advance, driving less, and going paperless can all get you discounts too.
If you’re thinking of buying a car, check how much it costs to insure first. Cars that cost less to repair or replace tend to be cheaper to insure.
A simple way to keep your premiums low is to drive safely, avoid tickets and accidents. Good drivers can save up to 25% on premiums.