Many drivers do not review enough insurance quotes from different insurance providers in order to find cheap car insurance. Here are a few tips to help save you money on your auto insurance premiums courtesy of American Services Solution:
1. Request Quotes & Buy Online
You may be tempted to head to your closest insurance office and sign up for insurance right away, because it seems the most convenient, but that isn’t the way to make sure that you’re paying the lowest premiums. Luckily, you can find numerous insurance quotes online, from the comfort of your own home. This is a hassle free, no pressure way to shop around and make sure that you’re getting the best value for your money.
2. Multi-Vehicle Savings
If you’re insuring more than one vehicle, it’s always a good idea to insure all your vehicles with the same insurance provider. Insurance companies offer a discount for customers insuring multiple vehicles, which will save you a percentage on each policy.
3. Compound Your Savings
Most insurance companies offer discounts when you buy both your home and auto insurance policies with them, which could save you 5-10% off your total insurance cost.
4. Higher Deductibles
As a general rule, the higher your deductible is, the lower your insurance premiums will be. As long as you can afford to have a higher out-of-pocket cost if something happens to your car, choose a $1,000 deductible instead of $500 deductible to save.
5. Cancel Collision Coverage
Collision coverage is typically a significant portion of your insurance premium, and if you’re driving an older car collision coverage may not be necessary. If the value of your car is worth the same or less than your deductible, you’re likely better off cancelling your collision coverage and putting the premium savings away to go towards purchasing another vehicle.
6. Drive Better
Your insurance premiums are affected by your driving record, so it pays to keep it clean. Tickets and convictions have a negative effect on your insurance rates for up to three years, and accidents can affect your rates for much longer (6 years or more!). Drive safe every day to keep your insurance rates low.
7. Choose Your Vehicle Wisely
The type of car you drive influences your rates, depending on the average cost of claims for that make and model. For example, four wheel drive vehicles often cost more to insure than their two wheel drive counterparts, as mechanical repair costs in the case of a collision on four wheel drive vehicles are generally more complex (and therefore more expensive).
8. Take Transit or Carpool
In your insurance company’s eyes the more you drive, the more likely you are to get in an accident. And driving during rush hour (which is when most people commute to work) can be even worse. This is why insurance rates are higher if you drive your vehicle to work
9. Get Educated
If you are a new driver, completing an accredited driver’s education course will result in significantly lower premiums for your car insurance. Though the course will cost you initially, you’ll be safer on the road, and you’ll save on your insurance premiums every year.
10. Install an Anti-Theft Device
Your car is at a lower risk of being stolen when you have an anti-theft device. Though most cars today come with a factory installed alarm system, and your insurance provider will have already discounted your policy to compensate for that, additional security measures may qualify you for an additional discount. Check with your insurance company and see if having an alarm or immobilizer installed in your vehicle can further reduce your rates.
For more information contact American Service Solutions at 800-293-5048
I’m ANNA KENDRICK, a sports writer, who writes for children. I started writing when I was 15 years old. I was selling news magazines and I would read the adventure stories and I thought how wonderful it would be to write stories. Writing for children is really my niche and interest. I started writing on sports that made it possible for me to meet new people with certain stories.