Save Money on Your Car Insurance in 12 Easy Steps
Car insurance is a necessary evil. We all have to pay for it, but we all hate it. It’s just another bill that we have to pay every month, and it seems like the prices just keep going up and up.
But there are ways that you can save money on your car insurance, and in this article, we’re going to tell you how.
1. Check Your Driving Record:
One of the main factors that car insurance companies consider when setting rates is your driving record. If you have a clean record, you will most likely pay less for car insurance than someone with multiple accidents or speeding tickets. To get a copy of your driving record, contact your state’s DMV office.
2. Compare Rates from Multiple Carriers:
Once you know you’re driving record, it’s time to start shopping around for car insurance. Rates can vary significantly from company to company, so it’s important to compare quotes from multiple carriers. You can get quotes online or over the phone.
3. Get Discounts for Good Drivers:
If you have a clean driving record, you may be eligible for discounts from some insurers. Many companies offer discounts of 10% or more for drivers with no accidents or speeding tickets. Some insurers also offer good driver discounts for drivers who have taken defensive driving courses.
4. Consider Raising Your Deductible:
Raising your deductible is one of the easiest ways to save money on car insurance. By increasing your deductible from $500 to $1,000, you could save up to 25% on your premium.
5. Bundling Your Policies Can Save You Money:
If you have more than one policy with the same insurer (home, auto, life, etc.), you may be eligible for a discount. Many companies offer discounts of up to 20% for customers who bundle their policies.
6. Drive Less to Save Money on Car Insurance:
The less you drive, the less you will pay for car insurance. If you can carpool or take public transportation to work, you may be able to get a low-mileage discount from your insurer.
7. Review Your Coverage Annually:
Your needs will change over time, so it’s important to review your car insurance’s coverage on a regular basis. If you get married, have a child, or buy a new car, you will need to adjust your coverage. Also, be sure to shop around for car insurance every year to make sure you are still getting the best rate.
8. Don’t Let Your Insurance Lapse:
If you let your insurance coverage lapse, you will have to pay a higher premium when you reinstate your policy. Also, if you are involved in an accident while your policy is not in force, you will be responsible for all the damages.
9. Join a Car Club:
Some car clubs offer discounts on car insurance to their members. If you are a member of AAA or another similar organization, be sure to ask about discounts on your car insurance.
10. Drive a Safe Car:
The type of car you drive can also affect your insurance rates. Cars that are more likely to be stolen or involved in accidents cost more to insure than safer cars. When shopping for a new car, be sure to check the insurance rates before you make your purchase.
11. Take Advantage of Special Programs:
Some insurers offer special programs that can help you save money on car insurance. For example, many companies offer discounts to students who get good grades or take driver’s education courses. Also, some insurers offer usage-based insurance, which base rates on how much you actually drive.
12. Shop Around:
The best way to save money on car insurance is to shop around and compare rates from multiple companies. Use an online quoting tool to get quotes from multiple carriers in minutes. Be sure to compare apples to apples when shopping for car insurance so that you are getting the best deal possible.
Conclusion:
Saving money on car insurance is easier than you may think. By following these simple tips, you can save hundreds of dollars on your premium. Just remember to shop around, driving safely, and review your coverage regularly to make sure you are getting the best deal.