Auto insurance is something that everyone needs, but almost no one wants it. It is absurd to pay so much for something you may never use. This thinking makes insurance seem somewhat pointless. There are many ways to avoid it, not just the high insurance cost. These are some things you can do in order to get the best price possible for your coverage.
1. Shopping. Although rates of insurance companies might be similar, they can differ greatly in how they deliver their services. Get as many quotes as possible to get a better understanding. All your vehicles can be insured with the same insurance company. You can save money by getting multi-car discounts. For additional discounts, you can include your home with the same company.
2. Never let your insurance policy lapse. You might have to apply for a new policy if your current one expires. Your new insurance may be more costly. If their insurance is not renewed within a few days, they are at risk. This means that you will be charged an additional amount.
3. Increase your deductibles. Your insurance company will pay your deductibles before you can get collision and comprehensive coverage. If you raise your deductibles, your coverage will be cheaper. Ask your agent to show you how much you could save by having a higher deductible.
4. Always drive safely. You can increase your insurance premium by about 3 to 5 years if you cause an accident. But if you always drive safe, you can always qualify for accident-free discounts.
5. Driver training course. If you complete a driver training course, you can get a discount. It’s not much. Before you make such an investment, check with your agent. The training program will make you a better driver and will ultimately lower your insurance premiums.
6. Only buy what you really need. Your agent can help you review your coverage. Depending on your personal preferences, you may not require the same amount of liability coverage as you have. Be careful if you choose to decline coverage such as the uninsured driver. Some accidents can lead to you being entangled with state laws.
7. If you can, try to drive less. Insurance companies offer a 10% discount for driving less than 5000 miles.
8. Install anti-theft devices in your vehicle. Get discounts up to 36% on your purchase.
9. Only insure the cars you actually drive. You should not have an additional car that has been sitting for more than a year because it may have suffered a breakdown.
10. Opt for longer policies. You may be subject to a price penalty if you choose a policy that lasts more than three to six months. This means that you might get lower rates if you opt for a longer term. This will allow you to save money if you pay upfront instead of making monthly payments.
You have it. These are just a few of the many attractive ways to save money on a necessity that others may not need. It’s still a win-win for everyone, however you look at it.
