You may be on a budget, trying to live on less or simply trying to save more money for other things. Cutting your insurance rates is one of the ways to do this. There are many ways to lower your car insurance premiums. The top ways to lower your car insurance costs are outlined here.
Shop around for lower prices. One of the easiest ways to lower your car insurance premiums is to shop around. Instead of sticking with a company long-term without question, you should get quotes from multiple carriers to see how they stack up. Companies seeking to obtain new customers will sometimes run specials that make it worth switching.
Increase your deductible. Increasing your deductible amount is another easy cost-cutting measure. The higher your deductible, the lower your premium can go. Check with your agent to find out just how the cost is affected by various deductible amounts. You won’t even feel the difference unless you have a collision or loss and have to pay. If you are someone who gets into multiple accidents regularly, then you may not want to do this, because you will be coming out of pocket for a higher amount when you do file a claim. Make sure you can pay the amount you are setting the deductible to if you do have a loss.
Choose your vehicle wisely. You can lower your insurance premiums by driving a vehicle with certain safety features. Features like anti-lock brakes and airbags can reduce your insurance payment. In addition to saving money on car insurance, you will be better protected in the event of a motor vehicle accident.
Be a safe driver. Insurance companies reward drivers who are safe with lower insurance premiums. Long periods of accident- and violation-free driving will mean lowered insurance rates for you. The fewer claims and tickets you have, the better risk you are for the insurance company. When you are a better risk, you get lower rates.
Look for discounts wherever you can. Finding discounts you may be overlooking is the final suggestion for lowering your car insurance premium. You may not be getting all the discounts you can. You can get discounts for having multiple cars on your policy, taking defensive driving classes, and even for being a member of a credit union or professional association. You just need to ask and find out what you are entitled to.