How to Save on your Car Insurance

InsuranceLecturer — Before you pay that price the are asking for your car insurance, you need to use these methods to help you save money. You may be tossing your money away for coverage you don’t really need.

Compare Offers

Once you know what you need, compare offers. You can get quotes online or in person. Take the time to see if there is a significant difference between what you are paying now and what another offer can provide. If you aren’t sure why the other is so cheap, ask them. It could be that they don’t use one of the criteria that the other business does.

Review your Driving Record

Do you know what is on your driving record? Most of us really don’t have any clue. Don’t assume it is all accurate though. Take the time to get a copy of it from the DMV.

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Should you find that there are any discreprencies, you will need to work with them to solve the problem. Once your driving record is cleaned up, you can save money.

Change Habits

If your driving record is spotty and it is accurate, you need to change your habits. If you are often pulled over for speeding stop doing it. Leave earlier so you can get to your location on time. Use the cruise control in your vehicle to ensure you don’t exceed the speed limit.

You can also go to a driving course that will help you to change your habits. When you have been driving a particular way for a long time, it can be tough to change on your own. Plus, the verification of the driving school can help you to reduce the cost of your car insurance.

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Change Cars

You may not realize how much the type of car you drive affects your insurance rates. By changing to a vehicle with better safety features and ratings, you may be able to drop your car insurance fees dramatically.

Pay by the Year

It is common to pay for car insurance by the month, but you can save money if you pay for it by the year. The amount of money you save can be significant. If you get a bonus from work or a tax return, then consider using some of those funds to pay for your insurance for the entire year.

Increase your Deductible

If your deductible is $250 or $500, consider raising it to $1,000. Just make sure you have a way to get that money paid should you file a claim. The money you save though per month could be significant.

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Place that money into an account until you have the $1,000 you need to pay in the event that you file a claim.

Drop from Full Coverage to Liability

If you own older vehicles that you don’t owe any money on, consider dropping from full coverage to liability insurance. This coverage means you will only be able to file a claim if you are at fault.

Should someone do damages to your vehicle and not have insurance, then your insurance won’t cover it. If the value of the vehicle isn’t much though then this is a good option.