If you have ever started shopping for car insurance you have probably seen that the premiums can be a bit exorbitant. Auto insurance depends on what type of car you are driving, where and how much you are driving, where you park your car at night, your driving record, your age, your marital status, and your gender. If you are tired of shopping around to find cheap auto insurance quotes, just enter your zip code above and we may be able to save you up to 70% on your insurance premiums.
Even though a lot of things are beyond your control to change, there are many ways that you can cut the cost of your car insurance premiums.
1. Raise that deductible – It may not seem like a significant variable, but a higher deductible can reduce your premium by as much as 30%. One reason this is a fairly safe thing to do is that the average driver files a car insurance claim once every ten years, so why pay for a lower deductible that you are probably not going to use?
2. Comparison shop – It may seem like a no-brainer, but shop around. Not all insurance companies quote alike. When shopping for car insurance keep the old saying, “the third time’s the charm” in mind. In other words, get at least three quotes before making a decision. Make sure you ask your friends and family who they buy with. Mom and Dad may have the in for a great insurance package.
3. Reduce coverage – If you are driving an older car, drop some of the coverage you have on it. A good rule of thumb is that if the car is not worth 10 times what you are paying in premiums if you have comp and collision you shouldn’t have it. If you’re not sure of your car’s worth, go to www.kbb.com to find out (Kelley Blue Book site).
4. Pay your bills on time – Keeping your credit score high, helps to keep your insurance premiums low. You are allowed one free credit check per year, so make sure you know what’s on it. Sometimes there are things that are not yours, or that have been cleared up that can negatively affect your credit.
5. Get a package deal – Find out about getting your insurance coverage for all your needs from the same provider. If you own a home, bundle your policies. Even if you don’t you can get renters insurance and cut the costs of your premiums.
6. Become a joiner – Sometimes it pays to be part of the collective. If your employer offers it, take advantage of group discounted rates that may be offered. You can usually find this information out from your company’s Human Resources department.
7. Be a good student – If you are in school, keeping your grades above a 3.0 can help reduce your premiums. You can also enroll in defensive driving classes which will help decrease the premiums on your policy.
8. Drive less – You can cut your premium by cutting down on the number of miles you put on your vehicle. This is a win-win because you also cut down on the wear and tear on your vehicle helping it to last you longer. Insurance companies’ figure the less time your car is on the road the less likely you are to be in an accident.
9. Update your information – If you move, make sure you let your agency know as soon as you possibly can. If you are parking your car in a more secured area at night, this can help lower your premium, if you have moved closer to work; this too helps to lower your premium.
Every little bit you can do to reduce your premium is money saved and in your pocket. It may not seem like much at first, but over the life of the policy and the years it can actually save you thousands. With a little homework and ingenuity you can lower your premiums and put the money to use elsewhere in your budget.