Let’s look at the top factors that will lower your rates.
* Get Cheap Insurance on a Vehicle
This may seem like common sense, but many people spend weeks searching for the perfect car without considering the cost of insurance. Avoid cars with powerful V8 engine performance. This includes Corvettes, Porsches, and other high-performance vehicles. Take a few minutes to review the top most stolen cars. It might surprise you to see boring cars such as the Honda Accord on this list each year. Insuring these cars is more expensive than the average insurance policy. You can have a safe and affordable ride by sticking to a used Subaru Forester.
* Keep a high credit score
Carriers place a greater importance on credit scores. Your credit score will determine how much you pay for insurance. This is due to the fact that there is always risk. Financially, people who are less risky are more likely be responsible drivers and to make safer driving decisions. You can take steps now to improve your credit score and make sure that there are no false items on it. Insurers will give you sweet deals if your credit score is 700 or higher.
* Rural Areas
You might be surprised to find out that auto insurance can help you save money if you move outside of the city. Congested cities have higher rates due to the fact that there are more cars on the roads, which can increase your chances of being in an accident. You can save hundreds by doing some research online.
* Increase your deductible
This is an easy tip you should consider. It is something you can 100% control. A higher deductible, such as $1,000, can save you about 10%. You will need to keep all this money in case of a collision and you have to file a claim. A high deductible is not necessary if you have an older car (over 10 years), as the car’s value might be only $2,000 to $3,000. However, if your vehicle is new, you’ll be paying more for coverage. This is a great way of getting a price break.
* You can cancel your coverage
Look at your current policy if you’re looking for auto insurance. Take the time to read it and review each item. Are there any items that you don’t need? If you do, remove any unnecessary add-ons from your future quotes. If your credit card company has rental coverage, then you don’t need any additional coverage. If you have an A3 plan, the same applies to roadside and towing assistance. You will get the coverage you want and nothing more. This will help you save money.
* Take as many discounts as possible
Discounts are a common incentive for insurers to get your business. Many providers offer multiple discounts. It is your job to make sure you take advantage of every discount available. The offers can vary in value, but they all range from 5% up to 10%. These are some of the most popular.
1. Safe Driver
This means that there are no tickets or accidents and very few tickets.
2. Low Mileage
You can be eligible if you drive less than 1,000 miles per month.
You can save approximately 5% if you are an active military veteran.
4. Good student
Students with a B- or higher GPA can receive discounts of up to 10%
5. Bundling Multi-Car and House
Insurance companies want your business. You can save a lot of money by bundling your home, vehicles, and other property with one company.
6. Safety features enhanced
You may be eligible for a huge discount if you have extra safety features on your vehicle, such as dual airbags, antilock brakes, and a GPS-based alarm security system.