Car Insurance Hacks That Will Save You Money
Can you imagine after days of meeting with private dealers, having sealed the deal and leaving the dealerships? Having settled on a car and ready to go home. But wait – what about car insurance? Remember, after you hand over the check and receive the keys, you can’t drive off your car yet. You still need to insure it.Below are some tips for you to help save dollars on your car insurance:
Go for a Bigger Deductible
A deductible is the amount paid out of pocket by the policy holder before an insurance provider will pay any expenses. Opting for a bigger deductible is considered the easiest way to lower your car insurance premium. Yes, this means you’ll have to pay more if something like an accident happens, but you’ll have long term savings from paying lower insurance premium. You just need to make sure you keep enough money in your savings account to meet that deductible when it’s needed, because you never know what can happen to your car tomorrow.
Check Insurance Costs When Shopping for a Car
A car can look like an amazing amount of performance for a fair price until you factor in the car insurance costs. You need to make sure you factor this into your research, even though it’s not an easy job to get all those car insurance quotes.
Try to Combine Policies
These days, many companies offer different kinds of insurance, and all of them want more of your business. Due to this fact, you can get multiple-policy discounts, all you need to do is thorough research before choosing a company. You can combine your home insurance, car insurance, and maybe even life insurance in one place. It all depends on what you want.
Consider Cutting Your Towing or Rental Car Coverage
Check to see how much you’re paying for having towing and rental cars covered. It’s often more than one could expect to spend even with a car that breaks down regularly.
Consider Carpool, Take a Bus, or Get a Bike
Your car insurance premium is largely determined by how much driving you do. For instance, a guy who drives 5000Km per year is way less likely to get in an accident than a frequent driver who does 50000Km per year. Just find out what the brackets are and see if you can make a few changes to get into a lower one.
See If a Driving Course Would Help
Some car insurance companies offer discounts to people who have successfully completed a safe driving course.
Clean Up Your Credit Report
Yes, the credit score is very important and slowly evolving into a trustworthiness number. Your car insurance rate is probably based on it. So, make sure you keep it clean.Check also 5 Reasons Why You Need A Credit Score .
Call Your Car Insurance Agent and Ask
Car Insurance agents always know more about all the potential discounts car insurance companies offer. So, call your agent and ask about car insurance discounts you might qualify for. Did you know that getting married, having good grades, and blowing the CFO of the company can all work wonders for your car insurance premiums?.
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