A lot of people tend to skip out on car insurance just because it’s another expense on their end. However, instead of avoiding it, it’s much better to find ways to reduce the premium you pay for your car insurance. It’s all about being practical and less about avoiding an important aspect of car ownership. Here are 7 tips you might want to try.
Complete A Defensive Driving Course
A defensive driving course is a lesson on driving that teaches you how to stay safe on the road. These are driving courses that have theoretical and practical tests that really teach you to become a better driver.
Some insurance companies offer discounts on people that take a defensive driving course as well. Make sure you complete this lesson, as it can help you not just stay safe on the road, but also be more cautious as a driver as well.
Weigh Your Options Well
Prices vary from insurance provider to insurance provider. As a car owner, one of the biggest mistakes you can make is rushing to find insurance for your car. If you snag the first offer you see, then you’re going to miss out on a lot of opportunities.
Make sure to check out all possible options for your car. If you want to find the best deals, use platforms that offer instant car insurance quotes for a rundown on the prices. That means you can snag great deals at low prices, so long as you stay patient, and you do your due diligence when finding a package.
Get Combo Deals
Most insurance companies sell more than one type of insurance. Some focus on more than two. For instance, one company can sell car insurance and then homeowner’s insurance as well. Snagging both of the insurance plans you need from one provider can reduce the cost as well.
To encourage people to avail themselves of more of their packages, insurance providers try to offer deals where you get discounts by availing more plans from them. It’s a good way to not only cut the costs but also to cut down on processing time as well.
Buy The Right Sized Car
The bigger your car is, the more expensive your car insurance is going to be. If it’s not necessary, don’t go for heavy car options like SUVs and minivans. Sedans are always the better choice, especially if you don’t have to drive around with a lot of people regularly.
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Before you buy your car, think about what you’re going to use it for. Getting a sedan might be more than enough for you. Aside from lower insurance, you also get the benefit of cheaper gas and a cheaper car to boot.
Increase Your Deductibles
A deductible is a money you have to pay before an insurance company picks up the rest of the cost in the event of an accident or any form of loss or damage to the vehicle. Deductibles can range from $250 to $1,000 and these are fees you pay for in case something goes awry.
The more deductibles you have on your insurance plan, the lower the premium is. If you are confident that you can stay safe on the road, consider adding more deductibles to your insurance package instead.
Research About All Possible Discounts
Insurance providers offer all sorts of discounts for their customers. Sometimes, all it takes is a little research to determine what these are. Some discount packages can be availed by paying your annual or six-month premium in one go. It’s basically like paying full instead of installment,
Each provider offers various discount plans, so make sure to talk with an agent to know what these are. The more discount promos you avail of, the better it’s going to be.
Install Anti-Theft Devices
Some insurance providers actually encourage people to take care of their cars better in exchange for lower premiums. The most common incentive is installing anti-theft devices like dashboard cameras, car alarms, and others. You can get as much as a 25% discount on certain insurance providers by doing this.
It would be in your best interest to install these too, as these are definitely something that can benefit you in the long run. You need to protect your car from thieves, after all, so you might as well get extra benefits from it.
Car insurance can be expensive, but it doesn’t have to always be that way. Knowing these tips and tricks can greatly reduce your insurance cost. Again, it’s all about being smart and knowing your options.
