Who doesn’t love a great deal? The sense of happiness and confidence we feel when we are convinced we’ve got a good deal on something, is priceless. It’s almost like you’re high on something. Why not save and shop smart for your car insurance too? Read on and you’ll discover that it’s really no rocket science and saving money every month on car insurance is a quick and easy way to make a considerable reduction in your monthly expenses.
As you are probably aware, it’s a tech savvy world and everything is available on the Internet. All it takes is a few minutes of your time, a few clicks and voila- there’s your free quote. There are websites that offer you comparative quotes from different companies, so it’s best to shop around online. However, if technology isn’t really your thing, just a few phone calls to insurers will help you get the cheapest car insurance quotes you are looking for.
You can also consider contacting an insurer who is already insuring something else for you. For example, if you already have a homeowner’s policy in place, find out if your insurer also offers auto insurance. It’s quite possible that you’ll receive a multi- policy discount for buying both from the same provider. This will also help you save money on your car insurance as well as your home insurance policy.
Make sure you ask your insurer about any discounts you may be eligible for, such as installation of safety equipment in your car, low mileage driving or successful completion of defensive driving courses. Most insurers do consider these factors and this can work very well in bringing that discount to your doorstep. Another thing that can help is to take a safe driving course, offered by a lot of driving schools around. Also provide your insurer with complete information about your age, profession, marital status etc.
Of course, a clean driving record is the easiest way to lower your car insurance. Getting tickets add to your license and further increase your insurance costs, while accidents increase your risk profile and thereby increase your premiums too. Statistics have also shown a correlation between bad credit and a likelihood of receiving more tickets and being involved in an accident.
Another way of lowering your insurance premium is to ask if you can move to a higher deductible. Simply put, a deductible is the amount that you cough up, in case of a crash, before the insurance company steps in. The lower the deductible, the higher the insurance premium and vice versa. I’d advise you to think this step over though, because while raising your deductible can lower your premiums significantly, you need to make sure you have an adequate emergency fund in place to cover the cost of your deductible. Getting into debts after having an accident is surely not something any of us are looking for.
Read the insurance policy being offered carefully. Chances are that there will be a lot of stuff thrown into it, which you don’t actually need realistically. Most people don’t bother reading the fine print and don’t end up using half the benefits. If you don’t require car rental coverage or roadside assistance, make sure you inquire about whether elimination of these could result in a lower insurance premium.
Group discounts are also an easy way to save on your car insurance. Insurers typically partner with professional organizations, credit unions or financial institutions to offer group discounts to its members. Ask your employer about any such partnerships that can help you lower your car insurance premiums.