How to lower car insurance – ways to lower car insurance rates
- we want to make sure you get rock solid coverage at a great rate. Saving money on car insurance shouldn’t mean compromising your coverage. Here’s how to lower car insurance premiums while keeping effective coverage.
11 tips on how to lower car insurance rates:
Tip 1: Multi-car savings
If your household has multiple cars, it’s a good idea to have them all insured with the same company. You get the convenience of managing insurance for all your cars in one place, and you’ll often receive a discount as well. You’ll get the best value when you have multiple cars listed on the same policy.
Tip 2: Bundling
Do you own a home or rent? Consider getting your homeowners or renters insurance from the same place you get your car insurance. Not only is it convenient to have all of your policies under one roof, but you’ll save on each of them as well.Bundling discounts don’t stop at just home or renters. You can also save when you bundle other policies like motorcycle insurance. The more you bundle, the more you save!
Tip 3: Evaluate your Deductible
Take a look at your deductible and re-evaluate how much you’re comfortable paying in the event of an accident. The deductible is the amount you need to pay before your insurance will start paying for expenses.Raising your deductible will lower your policy’s premium. However, this means you’ll need to pay more out of pocket if you need to file a claim. If you have questions about deductibles, give us a call! Our friendly insurance experts are happy to help.
Tip 4: Understand your Coverages
Anyone can offer low insurance premiums. But, it often means that you are getting less coverage. Saving with lesser coverage may mean paying more in the long run if you ever need to file a claim.That’s why it’s important to understand what coverage limits are right for you, and what those coverages mean. Ensure that your coverage limits are what you need to best protect you and your assets. When comparing companies, make sure that you’re using the same coverage limits and deductibles. This way, you’ll have a direct comparison between actual insurance products and a more accurate look at pricing.
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Tip 5: Type of Car
Before you buy your next car, think about how much it costs to insure. The kind of car you drive makes a big difference in your rates.Contrary to popular belief, the color of your car doesn’t actually matter for insurance purposes. What does matter, however, is the cost to repair the vehicle. Repair cost is one of the most important factors to consider when insuring a car.
Cars with large production runs are typically cheaper to repair because of better parts availability, for example. These kinds of cars are, in general, cheaper to insure than low volume luxury or sports cars that may need specialized parts.
Tip 6: Pay in Full
Rather than paying monthly, consider paying your policy in full if possible. This lets you avoid installment fees. Eligible policyholders can usually receive a discount if they choose to pay their policy in full each policy period.
Tip 7: Enroll in eDocuments
An easy way to save on insurance is to enroll in eDocuments. Providers generally will offer a discount if you choose to receive your policy documents electronically. You’ll get all of your insurance documents sent directly to your inbox. Not only do eDocuments save you some money, they’ll help save some trees as well!
Tip 8: Better Credit
Having a stronger credit score may mean lower car insurance premiums. Your creditworthiness can be one of the factors an insurance company uses to evaluate your rates.Improving your credit score can be as simple as paying your bills on time. Double check your credit report to make sure it’s as accurate as possible.
Tip 9: Group discounts
If you’re a member of an organization or an employee of a company partnered with with your insurance carrier, you may be eligible for a group discount.
Tip 10: Secure lower rates with a secure car
The more secure and safe your car is, the more you can save on car insurance. Insurance carriers typically offers discounts if your car has anti-theft measures like an alarm or safety features like anti-lock brakes.Almost every new car comes with an alarm standard from the factory, but older vehicles can be retrofitted with them as well. Other anti-theft measures like window etching and steering wheel locks are simple but effective ways of deterring theft. Anti-theft measures not only protect your car from being stolen, they also help lower your car insurance premiums.
Ask your carrier about your vehicle and see how much you can save!
Tip 11: Safe Driving
One of the best ways to keep your insurance costs down is to drive safely. Accidents and moving violations are part of your driving record, indicating that you are riskier to insure. That means higher rates, no matter which insurance company you’re with.Maintaining a clean driving record helps prevent your rates from going up, but also keeps any safe driver discounts your carrier offers.
Complete a state-approved defensive driving course and you may be eligible for a discount. Some courses can even be completed online. Double check with your state’s DMV to make sure the course you take is approved.
Preventing accidents before they happen is the best way to keep you, your passengers and everyone else on the road safe. It’s also the best way to keep insurance premiums down.
Note: You're NEVER LOCKED into your current policy. If you've already paid your bill, you can very easily cancel, and be refunded your balance.
Here's How You Do It:
Step 1: Click your age below to view your discounts.
Step 2: Once you enter your zip code and go through a few questions, you will have the opportunity to compare the best carrier quotes in your area for an average savings of $610 per year.