Many advertisements out there today make it seem so simple to save money on car insurance. If it were up to television, we would all simply need to go talk to a little green gecko with an English accent or go talk to Flo in the insurance department of what looks like a department store. The truth is, it’s not that simple to save money on car insurance. There are ways to save a great deal of money on your insurance, but they require research, planning, and safe driving. The key to saving money on car insurance is to educate yourself on the topic and find a policy that works for you. Also remember that the lowest price might not always be the best option if your situation calls for more insurance that the minimum requirement.
Most insurance companies abide by certain guidelines that determine a rough rate of insuring a driver as well as offering discounts for other factors. One of the best ways to save money on car insurance is pretty obvious-be a good driver. Individuals who have maintained a clean driving record for three to five years usually qualify for some sort of a safe driver program that could save them as much as 10% on their car insurance. As premiums continue to increase nationwide, each perk in savings you qualify for can make a huge difference. Shop around and calculate some premiums before and after the programs that you may apply for and see which company offers the highest amount of savings in areas such as safe driver savings, low mileage savings, good student savings, and many others.
The best way to save on car insurance is also to keep shopping even while you’re insured. Many insurance companies change their rules from time to time and can become the stand alone best company to fit your needs. Rather than renewing your current policy, see if there are any new programs that you qualify for at other companies. Also keep in mind that some companies reward loyal customers by giving discounts. Ask your insurance agent if your current policy offers anything to that effect, but keep shopping just in case. With so many competing insurance companies in the market, you never know when one quote will be astoundingly lower than the others.
As previously stated, the best way to save money on car insurance is to drive safely. Driving less can also help you save money as it puts you at less of a risk of accident. Car insurance accident companies look at driving record, make and model of your car, credit score, and even the color of your car. So many different elements go into determining your premium that unless you explore all avenues of possible coverage, you will ultimately be paying more than you need to. Almost every insurance company under the sun offers some reward for driving safely. The less risk you are of being involved in an accident, the less risk the insurance company stands to pay for damages to you or anyone else’s vehicle.
Research, education, and asking questions upfront offer powerful tools for saving money on car insurance. From installing GPS on your car to becoming more environmentally friendly in your billing by using paperless statements, the possibilities of savings are vast. Another helpful tip in saving money and lowering your premiums is switching to a higher deductable rate. Car insurance companies are a business. The more money you save them, the more money you will likely end up saving in the long run. If you’re in a fender bender that isn’t incredibly expensive to fix, don’t bother filing a claim. By fixing the small things yourself and saving the insurance claims for when you really need them, you will be able to maximize your coverage.
Chances are that if you haven’t carefully examined all your options and are taking advantage of every money saving benefit possible, you’re probably paying too much for car insurance. In addition to the ways to save listed above, check each company, ask questions, and don’t stop shopping for car insurance until you’re convinced that you’ve found the best deal possible for you and your family.