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Easy Tips and Tricks to Cut Down Your Car Insurance

We all want to be able to save on our car insurance costs. There are many tips and tricks that you can use to get your premiums lowered. Some of them are easy to do, others will take you some effort. But the bottom line is that if there is anything that we can do to get our costs down, we need to do it.

Remember that every area has their own legal requirements, so make sure that you always stay at those levels, otherwise it’s pointless to have car insurance at all. Not having any is not somewhere that you want to be. So, without any more fluff, let us get right down to it.

Compare Insurance Companies: One of the easiest ways to save money is to shop around and compare offers from numerous insurance carriers. Using an online comparison platform, like iSelect, is as simple as typing in some information and getting insurance companies that pursue you, in the hopes of getting your business. You need to keep in mind, though, that just because an offer is cheap it does not mean that it is the best. Dig into the contract deeper. Read through all of it, especially the small print. You need to make sure that the policy would meet, or exceed, your needs. You may be surprised after you read a few of how much difference that there is between them.

Consider Your Deductibles: This tip can be tricky if you do not approach it correctly. When you increase the amount of the deductible you will decrease the premiums that you will have to pay. This is the fastest way to decrease your costs, but it could leave you in a bind if you should ever be in an accident. If you think about this from a bigger picture kind of standpoint, you may save money for a few months by increasing your deductible, but if an accident happens you will have to pay more money out of your pocket. All the savings that you had are gone in the blink of eye. If you do opt to follow this trick do not ever take your deductible above your budget limits, and always drive with safety in mind.

Bundle Your Car Insurance Policies: If you have more than one car you should find an insurance carrier that will bundle them into one policy. This saves you money over having single policies under different carriers. Most companies will be more than happy to give you a little break on your premiums to get your business from more than one vehicle. This also applies for any other type of insurance policies that you may have. The more plans that you put under one umbrella policy, the more money that you will save overall.

Correct Insurance Levels: There are several options for you choose from when you are getting insurance. The cheaper levels will obviously save you money, but they may not offer the coverage that you need. The reason we are drafting this article is to help you save money on your car insurance, but if it ends up costing you a ton of money if an accident happens, there is no point in saving money. So, you should have an understanding of what the legal requirements are in your area, so we can skip that. What is comprehensive insurance should be your next question. The answer: it is the best type of insurance policy that you can get. It covers all the expenses that may occur during an accident, except for injury and death to third parties, even if you are the one at fault. When you decide which level you actually need you must consider the age of your car, the value of it, and how much basic repairs will cost. If you have a fancy car that will cost a mint to fix you will want comprehensive coverage. On the other hand, if you have an old car that has tires on it that are worth more than the car, you will only want the policy that covers the legal requirements.

Parking Safety: This is a weird one, but it matters to the insurance carrier where you park. Let us say that you live in a suburban neighborhood with an enclosed garage to park in. You will get a cheaper rate than a person that must park on the road in the middle of town. When the car is out in the open all the time it is an easier target than one that is in a garage This raises, or lowers, the risk number that the agent will associate with you and your policy. Bottom line is if you can park in an enclosed garage, you can save money on your premiums.

Take a Defensive Driving Course: There are numerous types of discounts that you can get. The safer driver that you are, the cheaper your premiums will be. When you take a defensive driving course it shows the insurance agent that you are serious about driving safely. Even if you have some tickets or accidents on your driving record, if you take one of these courses it will show that you are trying to improve your driving skills. Granted, you will still be charged more than if you had a perfect record, but it is still a way to save money.

Drive Safe: As mentioned above, if you are a safe driver, you will get a cheaper premium rate. The insurance company will obviously not take your word for it, but if you truly are a safe driver you can allow your insurer to track you. They will either send you a device that must be placed in your car, or they will have an application that you download on your mobile device. Either way, it will track your driving habits and base your premium on how well you drive.

These tips and tricks to save money on car insurance are the best ones that will actually make an impact. Like discussed above, though, you do not want to ignore your needs when you are trying to save money. It may end up costing you more in the end if you do ever get into an accident. Make sure that you get the levels of insurance that you need, at the best price that you can find.

That will set you were you need to be. Every year you may want to check with the competitors to see if they can save you money, but for the most part, once you are set up you should leave it alone.

About The Authors

Stefano Mclaughlin

Stefano Mclaughlin - For the first five years of his career, Stefano worked as a financial advisor on state and local tax matters, developing internal marketing technology for his multinational tax business. With over 12 years of experience designing high-performance web applications and interactive interactions, Stefano is now a marketing technology specialist and founder.

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