It's time to think about ways you can reduce the cost of your auto insurance. As well as your car payment and fuel, insurance can amount to hundreds of dollars each year. Take steps to get the coverage you need, without spending too much.
Check your policy frequently to make sure you're not missing out on discounts or special offers that you may be entitled to. These could include discounts for having an approved defensive driving course, being a member of a certain organization or being a good student.
Your premiums can be reduced by selecting a car equipped with safety features. You could save several hundred dollars each year if you choose cars with a higher MSRP.
Avoiding parking in lots and reducing your mileage can help you to get cheaper auto insurance. This is because your car's fuel efficiency can contribute to lower insurance costs and a less expensive repair bill in the event of an accident.
Worters says that increasing your deductible could be another simple way to lower your monthly insurance costs and reduce your monthly payments. "If your willing to set money aside for the accident, raising your deductable can lower your premium."
Bundle your auto insurance with a provider that offers discounts based on factors such as having multiple cars, being a homeowner, or having a good driver rating. You can save a few hundred bucks a year by bundling your auto insurance policies with a company that offers discounts for things like owning multiple vehicles, being a homeowner or having a safe driver rating.
Review your insurance every few years to see if there are any significant changes that could lead to a cheaper quote. This could be a shift in your commute, the purchase of a car or a move to a different job.
Get quotes from several insurance companies before you make a final decision. This will help you find the right deal.
Worters says taking steps to improve credit will also save you money on your insurance. Good credit can lower your insurance rates because it shows you are a responsible consumer and can manage your finances.
Aside from improving your credit, you can also try to save money by paying off debts and setting up a budget to keep track of your expenses. These steps can help you to reduce your premiums and can give you an idea of how much you're spending on car insurance, which can also help you to budget better.
If you're good at driving, you could save money by signing up for an accident-prevention course or a driver defensive training program. This can help you to avoid tickets and other traffic violations, which can have a major impact on your insurance costs.