No one wants to pay more than what’s necessary for insurance. The following information provides some easy tips for lowering your car insurance and getting the best rates possible.
Insuring more than one vehicle will often get you an overall better rate than obtaining insurance for just one. Bundling auto insurance with another policy may also save you money. Some insurance companies will offer discounts if you have both car and home insurance policies with them.
Update Your Information
Insurance companies determine rates based on several factors. A few of these include your age, where you live, and your driving record. If and when these things change you’ll want to let your insurance company know about it. Even changing driving habits, such as getting a different job and having a shorter commute, could lower your rates.
Pay Only For Coverage You Need
If your car is paid for and more than five years old you may want to consider just carrying liability instead of comprehensive coverage. You would want to ask your agent exactly what you would need since each state’s liability standards are different.
Some cars simply cost more to insure than others. In general, newer cars will be more expensive to insure. Speak to your agent before you make a trade-in or purchase a new car to find out exactly what you’ll be paying.
Raise Your Deductible
This can be risky, but if you’re a safe driver it may be worth it. Even raising a deductible a few hundred dollars may make a difference in the premium you’ll pay.