Everyone wants to find ways to save money, so if you could save money on how much you’re paying for your car insurance, why wouldn’t you? There are lots of different things that you can do to lower how much your car insurance is costing you. From shopping around when it comes to insurance providers, to asking about discounts you qualify for, to simply being a good driver, it’s worth it to look into these six, simple suggestions for saving money on your car insurance.
The best way to avoid a rate increase in car insurance is to drive safely and avoid getting into any auto accidents. While not everything is within your control when driving, like the driving behavior of others, it is important to stay focused on the road and conscious of those around you while behind the wheel. Don’t give in to distractions, like looking at text messages, answering phone calls without bluetooth,etc., and never drive while under the influence of drugs or alcohol.
Maintain Good Credit
Many states in the U.S. are allowed to use your credit score as a factor when it comes to determining your car insurance premium. If you boost your credit score, or maintain a good credit score, you’ll save money on your annual premium!
Purchase an Older Model
Don’t go off and buy a flashy sports car, like a brand new bright red Dodge Viper GTS, and expect the cost to insure that model to be low. If you stick with family vehicles, like minivans, large sedans, wagons and mid size crossover SUVs, you and your bank account will be much more satisfied with how much you’re paying for insurance.
Ask About Discounts
Inquire with your car insurer whether or not they offer any sort of discounts. Many car insurance providers offer discounts for a variety of different things. From being a low mileage driver, to signing up for auto pay, to taking a defensive driving course, there are lots of different ways to save some money on your auto insurance. Remember, if you don’t ask, you will never receive!
Increase Your Deductible
While increasing your deductible does mean that you will pay more if you get into an accident, if you are a good driver with a safe driving history, this is one gamble you might want to take. The higher the deductible, the lower the premium tends to be.
Use Your Insurer for Other Insurance Needs
Bundle your insurance! If you utilize multiple policies from your insurer, they will often offer a break on price so consider purchasing your homeowner’s or renter’s insurance with the same company that you get your auto insurance from.