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As you probably already know, car insurance is mandatory

Let’s go over the most important factors that will drive your rates down the most.

* Drive a vehicle that is cheap to insure

While this may seem like common sense to you, surprisingly many people spend days and weeks shopping for the right car, without even considering the cost of coverage. Stay away from sports cars with powerful V8 engines. This means Corvette, Porsche, and other high-performance cars. Also, take a couple of minutes and go through the list of most stolen cars. You might be surprised that boring cars like the Honda Accord appear on this list every year. You’ll pay roughly 20% more to insure one of these most highly targeted cars by thieves. Limit yourself to a lightly used car like a Subaru Forester, and you’ve got a super safe ride that’s cheap to insure too.

* Maintain a good credit score

Traders are putting a greater emphasis lately on a person’s credit score. The better your credit rating, the less you will pay for coverage. The reasoning behind this is, of course, risk. People who are less financially risky are more likely to be more responsible drivers and not make reckless decisions when driving. If you have a low score, take action now to increase it, and also make sure there are no false items in your report that are dragging you down. Aim for a credit score of 700 or higher and insurers will offer you good deals.

* Live in a rural area

If you are considering moving out of town, you may be pleasantly surprised that you can save more on car insurance. Big cities that are naturally congested have higher rates because there are simply more cars on the road, increasing the chances of getting into an accident. Do a little research online and you could save hundreds.

* Increase your deductible

This is a very easy tip that you should seriously consider and it is something that you can control 100%. Setting your deductible higher, $ 1,000 or more, will save you about 10% on average. The problem is that you will need to save this entire amount in case you have an accident and file a claim. If you have a really old car, more than 10 years old, it is not worth getting a high deductible because the value of your car could be only $ 2,000 or $ 3,000. On the other hand, if you have a new vehicle, you will pay more for the coverage, so this is a great way to get a discount on the price.

* Elimination of useless coverage

If you are in the car insurance market, take a look at your old policy. Please read it carefully and review each item. Do you see any coverage that was not necessary? If so, when requesting future quotes, please remove unnecessary plugins. For example, if your credit card company already has you covered for rentals, you don’t need additional coverage from your provider. The same goes for towing and roadside assistance if you have a plan with an A³ plan. Get the coverage you need and nothing else and save your hard-earned money.

* Get as many discounts as you can

Insurers want your business, and a common incentive most use to attract you is discounts. Most providers have multiple discounts available. Your job is to take advantage of each one you qualify for. Some of the offers vary, but can range from 5% to more than 10%. Here are some of the most common.

1. Safe driver

This means there are no or very few fines and no recorded accidents.

2. Reduced mileage

If you drive less than 1,000 miles per month, you may qualify.

3. Military

If you are currently an active military vet member, you can save about 5%.

4. Good student

Students who have and maintain a GPA B or higher can get discounts of up to 10%.

5. Grouping of various vehicles and homes

Insurers want your business, and you can save a lot of money by bundling all of your vehicles and your home into one company.

6. Enhanced security features

If you have special safety enhancements to your vehicle, such as dual airbags, antilock brakes, and a GPS-based security alarm, you may qualify for a big discount.

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