Simple Ways to Decrease Your Auto Insurance Costs

Simple Ways

With all the bills you’re paying for every month, every little amount you save counts. Why not check your auto insurance to see if you’re still getting a good deal with it? If you’re not happy with what you’re paying for or if you just want to lessen your costs, here is a list of some ways to save money below.


Look Around.

The first thing you need to do is to get gather information. Look for car insurance near your area. With today’s technology, it’s easy to go online using your phone or your computer to find the information that you need. Contact them by email or giving them a call. Ask them about their rates, what they offer and what makes them different from their competitors.


Make sure that the company is reputable. They should be able to look after you financially and gives you a sense of security. They should be financially stable in order to give you your premiums. Check their ratings by gathering feedback from others, consumer magazines and from rating companies like Standard & Poor’s (S&P).


Look and see how they operate. Do they use agents or do they sell straight to consumers? Can you contact them via email, chat or phone? Ask for their quotes. Have a checklist and a list of questions that you can ask once you get a chance to talk to them.


Don’t just lured by cheap car insurance quotes. Do some research. You can find out more about a company by asking for feedback or recommendations from friends or family members.


Compare Your Insurance Costs Before You Purchase a Car.

Every time you buy a car, whether it’s brand new or not, find out what the insurance costs. The price of the car would affect your car insurance premiums. Other factors to consider are repair costs (if necessary), the possibility of theft and its general safety record. Car insurance can provide discounts for add-ons that can help lessen the risk of theft or repairs.


Consider Higher Deductibles.

If you’re ready, consider getting higher deductibles. Deductibles are regular payments made before your car insurance company pays for a claim. If you have higher deductibles, it can greatly lower your expenses. Just ensure that you have sufficient funds to be able to pay the deductibles.


Older Cars: How Can They Affect Your Coverage?

As your car gets older, your insurance needs may change. It may not be beneficial to you if you’re paying more than what your car costs.


Combine Fees.

It may be cheaper if you combine two or more insurance from your insurance company. See if you can save more if you purchase car insurance and life insurance from the same insurer. They can give you discounts or riders which are add-on features to your policy plan. Check the prices of multi-policies versus purchasing from multiple companies, as it may be more beneficial instead.


Keep a Good Credit History.

If you’re considered a high-risk in your credit history, the more expensive your premiums could be. Car insurance companies use your credit score to determine your rates in their policies. If you have a great driving record, chances are you have a good credit history. To incraese your credit history, pay your bills on time and effectively manage your credit by haviing a small number of claims. Make sure that your credit scsore record is always up-to-date.


Avail Low Mileage Discounts.

Once in awhile, car insurance groups provide mark downs such as low mileage discounts. It can also be applicable to those that use carpool when going to work.


Group Insurance

You can get a huge discount if you’re applying with a group plan. The company that you work for may have partnered with your car insurance company, so don’t be shy to inquire through your employer.


Utilize Discounts and Promos.

We’ve mentioned low mileage discounts earlier, but did you know that there are a huge number of discounts or promos that you can use? These discounts are rewards for their customers. Below are some of them:

  • College students far from home
  • Student drivers that have good grades at school
  • Those with good credit standing
  • Those who’s been in the company for years
  • Those that own more than one car
  • Those that have anti-theft devices installed
  • Those with no history of accidents


There are other discounts that are not included in the list and may not be available in all car insurance. There are other ways in lowering your car insurance costs. Try to find out more ways on how to do so.