Because of the litigious nature of our society and the rising cost of vehicles, car insurance rates are considerably across the nation. The bad news is that insurance is unlikely to reduce prices in the short term. The good news is that there are things you can do to minimize the increase and / or decrease the load on your wallet. Let’s take a look at 12 tips you can use to save dollars driving.
1. Insure several vehicles / Drivers
If you get a quote from an auto insurance company to insure a single vehicle, which could end up getting a higher price (per vehicle) if he wondered about securing several drivers and / or vehicles with that company. This is because insurance companies offer what amounts to a higher rate because they want your business, and in some circumstances, they are willing to give it a try if it means going to bring in more of the same.
To get a discount, ask your company / insurance agent to see if you qualify and get a budget. Generally speaking, several drivers must live in the same household and be related by blood or marriage. Two unrelated persons may also be able to get a discount; However, usually must jointly own vehicle.
Indeed, some companies may also offer a discount auto insurance if other policies remain with the company (eg. Homeowners insurance). Check with your company / insurance agent to see if such discounts are available and applicable.
2. Keep a clean record
Needless to say that most accidents or violations have an individual moving, the more he or she will tend to pay in terms of annual premiums. For those unaware, points they are typically evaluate a driver for moving violations. Generally speaking, the more points can lead to higher insurance premiums (all else being equal).
3. Take a defensive driving course
Sometimes insurance companies offer a discount for patients who completed a defensive driving course is approved. Also, sometimes a driver can reduce the number of points he or she has on his license by taking a defensive driving, accident prevention or other course.
Be sure to ask directly to your agent / insurance about this discount before enrolling in a class. After all, it is important that the effort is spent and the cost of the course will result in huge savings sufficient insurance. It is also important that the driver enroll in an accredited course.
4. Shop around
If the policy has just been renovated and the annual premium has increased significantly, consider shopping around and getting quotes from competing companies. In addition, every year or two that probably makes sense to get quotes from other companies in case there is a lower rate there.
However, remember that cheap does not always mean good and goes with the company’s low price is not always the wisest decision. This is due to the solvency of the insurer should also be considered. After all, what good is a policy if the company can not afford to pay an insurance claim? To run a check of a particular insurer, consider visiting a site that rates the financial strength of insurance companies (as A. M. better). financial strength of your insurance company is importnant but what your contract covers is also very important so make sure you understand your contract insurnace.
5. Take Mass Transit
When you sign up for insurance, the company in general, it will issue a questionnaire. Among the questions posed could be the number of miles you drive the car insured per year.
If you use your vehicle to travel three hours to work every day, usually pay more in premiums than someone who only drives one mile per day. If possible, try to use public transport to accumulate miles less, considering that usually have to reduce their consumption significantly before incurring a discount. Consult your company / insurance agent about different thresholds mileage of the company so it will not be wasted their efforts.
6. Select your vehicle carefully
Buying a huge SUV may sound exciting, but insure a vehicle of 5,000 pounds, top-of-the-line can be more expensive to insure a small (but safe) car ride lower cost. In addition, older cars are often cheaper to ensure that more modern counterparts. Again, talk to your agent company / insurance to find out the exact rates for different vehicles ensure you are considering before making a purchase. For more information about choosing a profitable vehicle, see the wheels of a future fortune.
7. Consider increasing your deductible
When selecting car insurance, you can usually choose a deductible or the amount of money that would design before insurance pays the bill in case of accident, theft or any other damage to the vehicle. Depending on the policy, deductibles typically range from $ 250 to $ 1,000. The problem is that the lower the deductible, generally, the higher the annual premium. On the contrary, the higher the deductible, the lower the premium. Consult your company / insurance agent how your premium could be affected if you raised your deductible. In some cases, this may make the annual premium by several percentage points better and put some money in your pocket; Other times, the savings may be minimal.
8. improve your credit score
The record of a driver is obviously an important factor in determining cost auto insurance factor. After all, it makes sense that a driver who has been in a lot of accidents could cost lots of money insurance company. However, people are sometimes surprised to find that insurance companies may also consider credit ratings when determining insurance premiums.
Why consider the credit rating of a person? The theory is that people who keep their financial situation as ship condition tend to be more careful when driving. Whether that is true, be aware that your credit score can be a factor in calculating insurance premiums and make every effort to maintain its high credit rating.
9. Pay attention to your home
It is unlikely to move to a different location (ie, state) simply because it has insurance rates lower car. However, in planning a move, the potential change in the rate of car insurance is something you have to consider your budget.
10. Drop unnecessary Coverage
Dropping certain types of coverage can be a slippery slope. After all, no one can predict if or when an accident occurs. However, if a person is driving a very old car that is in the past, it may make sense (depending on the cost, driving record of the person and other factors) to drop collision coverage. The reason for this is that were the vehicle be involved in an accident, the insurance company is likely to total the car. If the value of the car is only $ 1,000 and collision coverage costs $ 500 per year, it may not make sense to buy it.