How much you pay for car insurance depends on many different factors, like your age, driving record and type of vehicle you drive. If it seems like you are paying a fortune for your monthly premiums, you can takes steps to get a better rate. Here are several ways to lower your car insurance premiums.
Purchase the Right Vehicle
Before you buy a new car, consider how much it will cost to insure. That red sports car may look cool and impress your friends, but it will cost a lot of money to insure. Instead, select a more practical vehicle that has safety features, like anti-lock brakes and a security system.
Take a Defensive Driving Course
Do you have a lot of points on your driving record? If so, that could raise your car insurance premiums. However, you may be able to take a defensive course and remove some of those points. Ask your insurance company if they will give you a discount if you successfully complete a defensive driving course.
Raise Your Credit Score
Believe it or not, your credit rating can affect your car insurance costs. Insurance companies assume that drivers with low credit scores are more likely to file claims and may charge them more for premiums. If you currently have a low credit score, make an effort to raise it. Pay all your bills on time and keep the balances on your credit cards low.
Get Rid of Coverage You Don't Need
If you drive an old vehicle, it may not be worth it to have comprehensive and collision coverage. The vehicle may be worth less than your deductible and how much you pay for yearly coverage. If you just have liability coverage, you will save money
Ask About Discounts
When you talk to your insurance agent, do not be afraid to ask about discounts. There may be many discounts that you do not even know you qualify for. Some insurance companies offer discounts for installing safety equipment, driving under a certain amount of miles each year and getting good grades. Your insurance agent will inform you about all the discounts you may be eligible for and help you lower your premiums.
As you can see, there are many different ways to save money on car insurance premiums. If you have additional questions about your insurance policy, schedule an appointment to speak with your insurance agent.