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Buy Auto Insurance at Affordable Rates
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Saving money is a concern for everyone in these times of economic uncertainty, and car insurance is one area in which a selective motorist can generally save anywhere from $50 to $500 compared to his or her current payment. If you one of the many drivers looking for car insurance savings, here are some tips to get you started.
Maintain a Safe Driving Record
This one goes without saying. Safe drivers get the best rates on auto insurance! By following local traffic laws, driving within 5 miles per hour of the posted speed limit, and being both cautious and defensive in your driving habits, you can keep your driving record clean. In time, you can ever repair a bad driving record with care and attention.
Compare Auto Insurance Rates
When it comes to car insurance, shopping around is very important. Different companies give discounts for different reasons, and comparison shopping is the best way to find out what those discounts are and how they can change the cost of your automotive policy By doing your research, you can find the best rates for your individual, family, or corporate needs.
Be a Loyal Customer
Many people are able to save money by putting all of their insurance needs in the hands of one company. Insuring multiple vehicles, or insuring your home, boat, recreational vehicle, or motorcycle along with your car can be an excellent way to cut costs for each policy.
Take a Driving Course
Maybe you took a driver’s education course in high school, or maybe you learned to drive on the fly from your older brother. Either way, taking an inexpensive refresher course can save you money on the cost of car insurance for years to come. Most courses cover the concept of “defensive driving,” teaching motorists how to be alert, know and follow the rules of the road, and look out for hazardous road conditions. Driving classes cost approximately $40 and are run by organizations like AAA and AARP.
Seek Out Teen-Driver Specialists
If there’s a young motorist in your home, finding inexpensive car insurance can seem like an impossible task. However, more and more companies today are willing to work with teen drivers. Some offer discounts if the teen has successfully completed a driver’s education course allowing at least six hours of road time. Others give discounted rates for students with high grade point averages. Still others have accident forgiveness policies that prevent your cost from rising after a single accident.
Avoid Leases and Loans
A brand new or leased car will require more costly insurance than an older, less valuable car. While it can be fun and exciting to drive a new vehicle, it is important to consider the high cost of insurance that is necessary for a car with outstanding loan payments or a lease on it. Not only will you need liability coverage, but you will also need comprehensive and collision policies , and potentially gap insurance to protect your vehicle investment.
Safety Features Matter
Another point on choosing your car or truck wisely: many insurance companies give discounts for safety and security features. Discounts are available for air bag configurations, theft alarms, anti-lock brakes, and other details that make your car safer for its passengers and unattractive to thieves or vandals.
Consider a Higher Deductible
By taking on more risk yourself, you can avoid paying so much for car insurance. The higher the deductible on your policy, the lower your rates will be. This means that you may be required to pay more out-of-pocket for repairs, but it also means that as long as your car is problem-free, your costs will be low. If you can afford to pay a bit more if the need arises, why not save money now?
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