Save Money On Car Insurance Right Now!
Everybody hates bills, so why should car insurance premiums be any different. And just like other bills, such as cable, grocery shopping, and electricity, there are ways to save on the cost of car insurance. Listed below are 15 realistic approaches to help everyone reduce their premiums.
Multi-Line Discount – a family can save a lot of money by simply putting all cars, motorcycles, homes, and apartments under one insurance provider.
Drive Less – If you were laid off or work from home, tell you agent. The distance that you have to drive varies by agency, but with State Farm you will receive a discount if you drive less than 100 miles per week.
Safe Driving Discount – You might qualify for a rate reduction if you have been accident-free for several years.
Raise your deductible – A bump up in the deductible will allow you to keep hundreds of dollars in your pocket. Over several years of being accident-free, that savings quickly adds up.
Shop around for deals – Tell you agent you are shopping around for cheaper premiums. If you are valued customer, your agent should re-evaluate your policy and look for ways to reduce your premium.
Discount for parents under 25 – Car insurance companies reduce their policy holders premium at the age of 25 assuming there have been no accidents, some insurance companies offer this reduction for parents under that age of 25. However, another reduction will not apply once you turn 25.
Full coverage or liability – You only need full coverage if the value of your car, according to Kelley Blue Book, is worth more than repair cost. If that is not the case, change your coverage to liability.
Get insurance quotes before you buy a vehicle and choose vehicle color – the type, model and color will affect you premium. If you don’t want your premium to increase stay away from red sports cars. Also popular foreign models such as Toyota and Honda might have high premiums because they are stolen regularly.
Avoid short-term policies – Penalties are often applied, think long-term
Never let your insurance policy lapse ” it might be difficult to obtain insurance again because the insurance agents see you as irresponsible or high-risk and your insurance may be more expensive than it was before to renew.
Only insure cars that you drive – The old Ford that has not been driven in years should not be insured. However, depending on the state you live in, all registered vehicles must be insured. To avoid any problems make sure you register any non-working vehicles as ‘inoperable’.
Refresh your driving skills – confirm that the money you save when your premium is lowered outweighs the cost of the training courses.
Avoid accidents and tickets – Speeding tickets, moving violations, and accidents can substantially increase your rates for at least 3-5 years.
Insure teenager under different car – The cost to insure a teenage driver is insane. If you have the money, purchase a used car for your teenager and only purchase liability; the amount you save will shock you and your teenager will be happy with his/her own car.
Keep your credit score high. Some insurance companies will charge people with low credit scores a higher premium because they are expected to file more insurance claims.
Pay semi-annually – This is my favorite way to save money on car insurance. Instead of paying your car insurance monthly, pay semi-annually. The 1st payment is the hardest because you will have to pay the full amount to cover the first six months; think ahead and start saving for this switch. Once you have paid your 1st six month premium, automatically transfer the monthly premium payment into a high yield savings account to earn interest until semi-annual payment is due. By doing this not only are you saving money by avoiding the monthly surcharge fee you are also making money off of interest.
Now all you have to do is call your insurance agent and start saving money on your car insurance.
Save Money On Car Insurance Right Now!…
Everybody hates bills, so why should car insurance premiums be any different. And just like other bills, such as cable, grocery shopping, and electricity, there are ways to save on the cost of car insurance. Listed below are 15 realistic approaches to …