Cut Your Auto Insurance Cost – Tips That Can Save You Hundreds
The first rule to cutting your auto insurance costs is to shop. The easiest way to shop for auto insurance is to get online and search for free quotes.
Consider raising your deductible. The deductible is only paid when your insurance company pays out a claim. If you set your deductible to $1,000-$1,500, you will see savings in your premium after a few years.
Keep a good driving record. This one is a no-brainer. The more accidents a driver has, the riskier they become to insure. This is why auto insurance rates go up after a collision. Some companies are more forgiving than others, however, which is why it is such a good idea to do a lot of comparison shopping.
Drive a modest, safe vehicle. High performance cars are easier to drive recklessly, which is why they cost so much to insure. If you own a car that has a high theft rate or expensive parts, you will also end up paying more to insure it.
Adding a second vehicle or your home to your insurance plan can also save you money. Auto insurance companies quite often offer discounts for bundling, and better rates for years of loyalty. It has become increasingly common for insurance companies to consider your credit rate as they tally your premium.
Insurance companies love to tack on fees for little specifics that you have no control over, such as gender. In most places, women pay less than men for car insurance. Some states have stopped using gender as factor; instead of giving men a break, this usually just means that women end up paying a little more. Those who live in cities have higher rates as well, because of the volume of traffic.
Sometimes you can combat the little things. Take a defensive driving course that is approved by your car insurance company to decrease your premium. Adding anti-theft technology to your car should also quality you for a discount. Be sure to mention if you are a teacher or an engineer; people who hold jobs like these are statistically less likely to have a collision.
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