Auto insurance is one of those things everyone is required to have but doesn’t like paying for. Even though it’s expensive and we all must have it, there are some tips you can follow to help lower your rate. It’s very important to still have the best coverage possible, but having good coverage doesn’t mean you still can’t save money. If you use these strategies, your wallet will be very happy.
Bundle Your Policy: If you have multiple vehicles, bundle them! If you have multiple assets (homeowners policy, business insurance, etc.) bundle those as well. The more business you give a company, the more valuable you are as a customer and the more money they will likely save you!
Perform Regular Maintenance: Bringing your 4×4 or other vehicle into your trusted auto service center and 4×4 mechanic doesn’t seem like it would help with the amount of insurance you pay, but it can help in the long run. By getting regular checkups and performing routine repairs, you help take preventative action in getting in an accident due to a vehicle malfunction. If you get into an accident, your insurance rate will surely increase.
Choose a Higher Deductible: Even though you may be paying more for a higher deductible, sometimes this can actually help lower the cost of your final policy.
Student Discounts: If you or someone on your plan is a student, many insurance companies offer student discounts for students maintaining good grades or a student that may not be driving much.
Enroll in a Driving Class: Occasionally insurance companies will offer discounts for those who have taken a defensive driving course. This can help save you money in the long run and they’re fun to take!
Low Mileage Discounts: If you don’t commute a lot or rarely use your vehicle, check to see if your insurance company offers low-mileage discounts.
Buy a Safe Car: Fast or unsafe cars usually mean paying more for insurance. Buy something safe such as a family sedan and you’ll be paying a lot less for insurance.
Eliminate Unnecessary Coverage: If you drive an old car with little cash value, consider eliminating collision or comprehensive coverage.
Be Safe: This one cannot be emphasized enough! If you get into accidents or get traffic tickets, your insurance will go up. Be responsible and be safe on and offroad.