You don’t need to spend countless hours in research mode to know how to save money on car insurance. All you need to do is follow the tips below to help you slash insurance costs. This way, you will not only be able to get affordable auto insurance, but will also save money in other areas!
Increase Your Deductible
Saving money on car insurance starts with learning how to increase your deductible. The deductible is the amount of money that you will have to pay out of pocket if you get into an accident. Most people who own cars want to build up their deductibles so that they do not have to spend that much money out of pocket if an accident occurs. An increase in your deductible is a great way to cut down on your premiums. You can choose an amount that works well for you, but some people increase their deductibles by $500!
Check Insurance Rates Online For Discounts & Ask People You Trust About Their Car Insurance
Check insurance rates at least once a year. Insurance rates vary from one company to another, so it is best that you get quotes from various insurance agencies regularly. Insurance companies use several factors to set insurance rates, such as customer satisfaction, claims history, type of vehicles driven, and driving habits. In addition, companies may also consider geographic location, age, and marital status. Based on your insurance requirements, you may be required to pay higher premiums or may qualify for other discounts.
Talk to your friends, relatives, co-workers, and neighbors who drive cars. Find out what their experience has been with their car insurance company and whether or not there are any hidden costs that are not already advertised by the insurance company. Also, you can check rates for free online by visiting insurance comparison websites. By getting free quotes from a variety of insurance providers, you will be able to choose the best coverage at the best price.
Add Anti-Theft Devices & Security Features to Your Vehicle
Most car insurance companies offer discounts if you have anti-theft devices installed in your car, such as alarms, GPS tracking systems, or similar anti-theft devices. The more safety features in your car, the better your insurance rate will be. In fact, if you install the anti-theft devices yourself, you may qualify for a lower insurance rate.
It’s always a good idea to secure your car with some form of car security, whether it’s a system that monitors your car remotely from your home or if you install a keyless entry system. Most car insurance companies offer a discount if you have this type of car security system installed in your car. Be sure to ask your car insurance company if they offer any discounts for car security, though!
Age, Gender & Grades Qualify For Car Insurance Discounts
Older people often have cheaper car insurance because they are less likely to become involved in accidents or receive tickets. It’s also believed that women are more careful and safe drivers than men, which can influence how much a car insurance company charges a driver. If you have good grades, take an approved driver’s education course, take a defensive driving course, or have taken a driver’s education course during the past five years, you may qualify for a discounted driver’s insurance premium.
Many Insurance Companies Offer Discounts For Clean Driving Records
This is one of the factors that most influences how much you’ll pay for car insurance. If you’ve had several car accidents or received a moving violation within the last three years, you’re going to have to pay more for coverage. Keep in mind that if you have multiple vehicles insured through the same car insurance company, they may discount your rates for being a good driver. You may also want to ask if there are any discounts for students, senior citizens or people who purchase their car insurance policy through a car dealer. You might be eligible for a discount if you belong to a car club or have purchased an automobile through a loan company.
Saving money on car insurance isn’t as hard as you might think. By comparing quotes from different companies, you can find a car insurance company that will give you the best rate. Some insurance companies offer cheap homeowners insurance as well as auto insurance. The easiest way to start saving money on car insurance is to request at least three car insurance quotes and choose the best one for your needs.