Strategies,Lower,Your,Auto,Ins finance, share, loan 10 Strategies to Lower Your Auto Insurance Rates
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1. Reduce Your Coverage on Older Cars Those who own an old car that’s paid for can consider skipping collision coverage. This coverage pays for any damage that you may cause to your vehicle and it can contribute to a large amount of your premiums. 2. Consider a Single Insurance CompanyIf you group all your insurance plans - including home, auto, renters, etc. you can get a multi-line discount that can help you save almost 10% of the total premium cost. 3. Raise The DeductibleThis is the amount you will have to pay from your pocket when you make a claim. You can slash the auto premium rates drastically by raising the deductible. Changing it from $250 to $500 will make a big difference and moving up to $1000 will drastically impact your premium costs. Consider how much you can afford to spend and adjust your deductibles accordingly. 4. Call Your Agent Before You Buy Your CarBefore purchasing your dream car, consider calling your insurance agent to inquire how much it will cost to insure your vehicle. The costs will vary based on the model, make and year of your car. This is one instance where smart shopping can help you save hundreds of dollars. 5. Use Your Low-Mileage to Your AdvantageIf you are an infrequent driver, tell your insurance agent to earn the low-mileage discount. When you spend less time on the road, there are lesser chances of an accident, which translates into a low premium rate. Also, if you carpool, mention this to your agent. 6. Consider Buying a Safe CarSafety features in your car like airbags, automatic seat belts, anti-lock brakes and electronic stability control can get you additional discounts on your insurance premiums. Making a smart choice will be safe for your family and easy on your pockets. 7. Skip the Car Rental and Roadside CoverageMany times, an auto insurance comes with many extra features that you might not need. For instance, roadside assistance or a rental car in case of a breakdown might be something that you can live without. 8. Go GreenSwitching to a hybrid car or an alternative fuel vehicle can also fetch you good discounts from insurance companies. 9. Skip the Monthly PaymentsThe high costs associated with insurance premiums might make monthly payments seem like a feasible solution. However, if you can manage 6 monthly or annual payments, you can save additional dollars. You can also request for auto-billing to save more. 10. Get the Age-Appropriate DiscountsTeens with a grade of B and above and with a driving course certificate can save anywhere between 5% to 25% on their premiums. Senior citizens above the age of 55 can get a retirees’ discount. Also, if you take a defensive driving class, you can save even more! It might seem overwhelming to pay the huge insurance premiums but with the right strategies, you can surely save hundreds of dollars, making your car driving experience easier on your pockets. Article Tags: Auto Insurance, Insurance Premiums
Strategies,Lower,Your,Auto,Ins