10 Ways To Lower Your Car Insurance Today
There’s no hiding that the cost of living going up continuously, it makes sense to want to start lowering some of your existing expenses. One of the expenses that are popular to look at is your auto insurance. How can you lower your insurance without sacrificing your vehicle coverage? Here are 10 tips you can use to start lowering your car insurance today.
- Get Quotes Every Year
A great way to stay on top of your insurance rate is to compare the prices every
year against its competitors. Some have great offers for 1st-time customers that you should take advantage of. Doing this research every year or every two years will ensure that you will have the lowest rate available in the market.
- Check The Required Car Coverage By State
Every state has different coverage restrictions, find the one for your state and adjust your insurance based on that. Odds are, you are paying more than the required by the state.
- Bundle, Bundle, Bundle
You’ve heard this one before, we’ve seen it on TV, and online, and for a good reason, it works. You can bundle the following, car, home, motorcycle, life, boat, or any recreational toy. You have options, now you need to research which company offers the best deal.
- Drive Safely
Kind of obvious, but you get it. The easiest way to have low car insurance is by proving you’re a safe driver. It doesn't matter if you switch insurance companies every other year, your driving history follows you and insurance companies can pull up your history at any moment. If you get into an accident, get a speeding ticket, or any traffic ticket it will mostly mean that you will have a higher chance of getting back a high quote for insurance.
- Take a Defensive Course
If you get a traffic ticket, a good way to take those negative points off your driver’s license is to enroll in a defensive driving course. In some states, you can get up to a 10% discount on your insurance. The class teaches you how to anticipate traffic and how to safely maneuver in traffic to avoid an accident. You can take the class online or in person, check with your state before enrolling.
- Low Mileage Discount
2020 will be a year we will always remember, but one of the most important things to remember is, that year we barely drove. If you live close to work, are working from home, or are retired. You should take advantage of your insurance company’s low mileage discounts. Check with your insurance company if you qualify, this can help reduce your car insurance.
- Good Credit
Another way to lower your insurance bill is to have a good credit score. Insurance uses your credit score as a way to measure their risk assessment. Usually, drivers with a higher credit score are more likely to be safe drivers.
- Find Other Discounts You May Qualify For
Ask your insurance agent for additional discounts like military discounts, AARP, safe driving, multi-car, hybrid or electric cars. As you can see here are some options, but make sure to contact your agent to see where you can find additional discounts.
- Pay Insurance in Full
You usually get a discount for paying your insurance in full, but clearly, this is only a good idea if you have the funds ready and available for this. See if it works for you to pay in full or monthly.
- Choose The Right Car
Purchasing or leasing a high-end vehicle will most likely increase your insurance rate. These high-end cards have a high risk of damage and are less likely to get an affordable rate when comparing it to something that is more insurance friendly. Standard model vehicles have been proven that they are the least likely to get stolen by a thief and they’re coming with top standard safety features. Remember, insurance companies want to minimize risks.