10 Best Ways To Save Money On Your Car Insurance


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1. Plan your vehicle purchase
Consider auto insurance well before choosing a vehicle. You can save great amounts if you choose a car without lot of bells and whistles. Turbo features, for instance, frequently increase your premiums because insurance agencies tend to think if you choose these features. Also, cars with increased theft rate cost more to insure, whereas parking the car in a garage can decrease the premiums. You need to consider all these things before planning to buy a vehicle.
2. Shop around
One of the best ways to find right car insurance coverage is shopping around depending on your needs. Make sure that the company you are going with is licensed to do business in your state. While shopping, also consider the amount of liability coverage you want, and then determine the amount of collision and comprehensive coverage.
3. Choose higher deductibles
Deductibles are the amount you need to pay before the insurance company will pay a claim. The higher the deductible, the lower your premiums will be for collision and comprehensive coverage. For example, $1000 deductible will save 40% on your premium, $500 will save 30% and $200 will save 15%.
4. Maintain good credit score
Drivers who have a solid credit history will get some discount. It pays to keep on top of your expenses, paying your bills on time.
5. Driving history
Avoid traffic violation tickets and stick to the specified speed limits and follow the rules of the road. Several insurance companies give safe driver discount who have received a defensive driving class.
6. Driving fewer miles
The less you drive the vehicle, the lower will be the mileage and the less you need to pay for your insurance premium.
7. Multiple policies with the same insurer
Getting multiple policies by insuring all your vehicles with the same insurer helps you get some discount. Also combining your home insurance and car insurance can help to get some discount.
8. Don't over insure your old car
It is suggested to purchase collision and comprehensive coverage for new cars or used cars in mint condition. Remember that your car should worth ten times the insurance premium cost.
9. Install security features
You may be eligible for discounts if your vehicle contains safety features, anti-theft devices and daytime running lights.
10. Stay insured
Don't discontinue your insurance policy. People who let their insurance expired, even for few days, are statistically high risk and insurance firms will charge extra for your insurance.

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