David Bell | Apr 20 2016 00:00
Top Ways to Save on Your Car Insurance
Looking for an affordable auto policy? Read on!
Car insurance is a necessity. It must be held by each motorist on the roads, so there's really no getting around it. While most safe drivers feel that they should only purchase the bare-bones of insurance to save them money, however, this often leaves them widely exposed. There are certain factors that will automatically cause your auto insurance to be higher, such as a flashy sports car, a newly-qualified teen driver, or driving three times the average annual mileage. For example, a 40-year old woman who drives a 2007 sedan won't pay the same auto premium as an 18-year old male in a brand new Lexus. Whether you're a 40-year old woman, an 18-year old male, or simply looking to save on your auto insurance every month, check out these tips: Choosing Your Car:- Pick a car with a high rating of safety features (dual airbags, motorized seatbelts, anti-lock brakes, anti-theft devices, and daytime running lights).
- Flashy cars will be costlier to insure. Period. They will cost more to repair.
- Good Student Discounts apply for those receiving good grades in school or college.
- Good Driver Discount is available for those who have sustained a clean driving record.
- Senior Discount is for mature drivers, typically over the age of 50 or 55.
- Military Discounts may be available for the individual, or the family.
- Bundle your insurance policies together as insurers will often reduce rates if you insure your home, auto, RV, watercraft, and more with them.
- Increase your deductible - only if you can afford to pay that cost out of pocket should an accident occur.
- Drop collision coverage if you have an older car that has little monetary value.
- Review your insurance annually, as your lifestyle changes.
- Park your car in a garage as some insurers will let you save a couple of dollars this way.
- Install a driver monitoring device to track your mileage, speed, and frequency of driving.