The cost of insurance keeps going up, and car insurance is no different. Depending on where you live, your car insurance rates are likely to go up sharply and often over time. We must find a better way! Lucky for us, there is. Let's look at a few surefire ways to save money on auto insurance.
Look at your policy. Is your plan the right one? Do they have the right address for you? Your rates can go through the roof if even one number in your zip code is different. Make sure that all of the information about you on your policy is correct. If there are mistakes, you should let your insurance agent know.
Go Shopping That is, for car insurance. Not every company has the same prices, and if you switch to a new company, they may offer you a better deal to get you to switch.
Change the amount of your deductible. A $250 deductible is fine until you find out that having such a high deductible can send your rates through the roof. Instead, if you want to save money on premiums, think about a deductible as high as $1,000. If you pay for small accidents yourself, you will come out ahead.
Get rid of your collision insurance. Think about dropping collision coverage if your car is worth less than $3000. Yes, you won't get any money from your insurance company if you wreck your car. However, you can use the money you save by dropping collision coverage as a down payment on your next car.
Get policies to work together. Do you have a house? Do you have a plan in case you die? If so, you might want to buy all of your insurance policies from the same broker, who might give you a discount for buying all of your policies from them at once.
Get the discounts Make sure your insurance company knows about any safety and security features that came with your car. Some older models of cars don't come with airbags as standard equipment. If your car has airbags and you're not getting an insurance credit for them, let your insurance company know so they can lower your premium.
You can also lower your insurance rates by taking a Driver's Ed course, making sure that any points you've gotten on your licence in the past have been removed from your record, and buying a car that is less "risky" from an insurance point of view.
If you do what I say in this article, you can save a lot of money on your car insurance. Take charge of your insurance costs and don't assume that insurance companies are looking out for your best interests, because some of them aren't.
