While shopping for car insurance can be tedious, there are many ways to actually save money. When it comes to insurances, some also include emergency roadside assistance. You might not consider it a determining factor at first but it is always handy to have in case of an accident or a technical issue with your vehicle.
Credit Score Matters
The higher your credit score, the lower your insurance rate will be. Make sure to work on it to be able to save money on most of your day to day expenses, including the insurance.
Get a Group Insurance
Do you have more people driving in your family? Put all your insurances under the same account and get a discount for it.
Insurance companies have very good discount programs and you should definitely leverage on that while negotiating your fees.
Get as Many Quotes as You Can
There are many major insurance companies out there and they all price differently. Why would you not invest the time and get a few quotes before making a decision?
Ask for discounts, discuss other offers you have on the table and let them bid on your contract! It works all the time! Remember, insurance companies do want your business and will try to go the extra mile to get it.
Keep a Clean Driving Record
Safe driving always pays off. People that are considered less likely to get involved in an accident are going to be rewarded with better rates from insurance companies. You can expect discounts of up to 15% by practicing safe driving!
You Can Always Leverage on Deductibles
How much money are you willing to pay out of pocket in case of an accident? We are not referring to the cost of emergency roadside assistance but to actual repair expenses. The more you are willing to pay out of pocket, the lower your car insurance rate will be.
You can see that as the insurer taking a lower risk since you are willing to pay a large chunk of potential repairs.
How safe is your car? Does it have a lot of safety features installed? The more safety features a car has, the lower your insurance rate will be.
Newer cars have a lot of safety measures built in and as a result of that they might actually cost less than cars producers in previous years for that sole reason!