10 Ways To Save On Car Insurance

10 Ways To Save On Car Insurance



10 Ways to​ Save on​ Car Insurance
For most people car insurance is​ a​ the​ single largest insurance expense after health insurance. ​
Rates are high and​ are forever climbing,​ at ​ least it​ seems that way. ​
You can save money on​ your car insurance premiums by following these easy to​ implement steps.
1. ​
Shop Around. ​
Yes,​ it​ pays to​ shop and​ compare. ​
Regulatory changes at ​ the​ state level may have encouraged new companies to​ jump into the​ market,​ thereby increasing competition and​ reducing rates for consumers.
2. ​
Raise Your Deductible. ​
a​ $200 deductible sounds wise until you​ learn that the​ cost for having a​ deductible at ​ this threshold can drive your rates through the​ roof. ​
Consider a​ deductible as​ high as​ $1000 to​ save on​ premiums. ​
You can always fix minor mishaps on​ your own.
3. ​
Drop Collision. ​
if ​ your automobile is​ worth less than two or​ three thousand dollars,​ consider dropping collision altogether. ​
Sure,​ you​ will get nothing from your insurer if ​ your car is​ totaled,​ but the​ savings you​ realize by dropping collision can be used as​ a​ down payment for your next car.
4. ​
Look For Discounts. ​
if ​ your car has certain safety features,​ make sure that your insurer is​ aware of​ this. ​
Older cars,​ for the​ most part,​ do not have air bags but if ​ you​ have a​ model that has airbags,​ you​ will save money on​ your insurance.
5. ​
Business Deduction. ​
if ​ you​ drive your car for business,​ a​ portion of​ your insurance costs may be deductible. ​
Conversely,​ your rates may be increased if ​ your insurer knows that you​ use your car more for business than pleasure.
6. ​
Combine Policies. ​
Purchase your homeowners,​ auto,​ and​ life insurance policies from the​ same broker and​ you​ may save on​ your premiums. ​
Some insurance companies reward policyholders if ​ they onestop purchase all of​ their insurance needs through one company.
7. ​
Consider Before you​ Buy. ​
The Porsche Boxster may be your ideal car,​ but it​ could also sharply raise your insurance rates. ​
Maybe a​ less sporty model would be ideal.
8. ​
Driver’s Ed Course. ​
You may have taken a​ driver’s education course and​ your insurance company has not factored that in​ when determining your premium. ​
Let them know that you​ are a​ safe driver!
9. ​
Deleted Points. ​
if ​ you​ had moving violations that were reported to​ your insurance company,​ make sure that your insurer adjusts your premium downward if ​ several years have gone by since the​ occurrence. ​
You could be paying a​ premium higher than you​ deserve.
10. ​
Check Your Policy. ​
if ​ the​ insurer has the​ wrong address,​ town or​ zip code on​ your policy you​ could find yourself paying more than you​ should.
Reducing your car insurance costs should not be an impossible feat. ​
By following these steps you​ should realize some savings the​ next time your policy comes up for review.




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