Ways to Spend Less on Car Insurance

Driving a car at night - pretty, young woman driving her modern car at night in a city (shallow DOF; color toned image)

Car insurance can be very expensive and due to this, very hard to pay on time. If you are sick of the high costs of your car insurance, have no fear. There are quite a few things that you have control over that can lower your costs a great deal. Keep reading to learn about how you can take action to lower your car insurance rates quite quickly.

Drive as carefully as you can

Speeding tickets and accidents are the most common causes of rate increases. This is due to a belief that if you speed or are involved in an accident that you are more likely to cause an accident in the future. If you want to keep your car insurance rates as low as they can be you should be careful to follow every traffic law and drive as defensively as possible. If you have an incident free record for just a couple of years you can cut your car insurance bill in half.

Keep your credit score high

Insurance companies determine your rates in part from your credit score. They believe that if you do not pay your bills on time you are a higher risk to them. The more risk that is perceived, the higher your rates will be. If you can, be sure to pay your bills on time so that you can pay as little as possible to insure your vehicle.

Drive a sensible vehicle

Your car insurance rates are dependent on the type of vehicle that you drive. The color of your car matters as so does the year that it was made. The younger the vehicle is, the safer that it is believed to be, lowering the insurance company’s risk level. It is also assumed that people who choose to drive red or other bright colored vehicles are riskier by nature. If you want to get the best rates you should choose a mild toned car that is new and modest so that you can be sure that you get a break from your insurance company.

Deductibles are another thing that you need to consider

This is the amount you will be responsible for and then the insurance company will pay for the rest. Whether it is medical charges, property damage costs or repairs that need to be done to your vehicle, the deductible is something that you need to take into consideration. The lower your deductible, though, the more you will pay for your insurance policy. If you have plenty of ready cash, you may consider going with a higher deductible, that way you will pay less on your insurance policy.

Look into discounts that may be available to you

Make sure you’re always taking advantage of as many discounts as possible. If you have homeowners or rental insurance, talk to your insurance agent as many times you can get a bundle deal if you have more than one insurance policy with the same company. You may also be able to get a discount if you have a safe driving record, work at a particular company, or belong to a certain bank or have other special circumstances. Always ask your agent about the available discounts and you may be able to save some money on your insurance policy.

Getting a good deal on your car insurance can be very difficult, and frankly, stressful. If you are not the ideal candidate car insurance can easily break the bank. Fortunately for you, there are many things that you can do, like the things that you read above, that can reduce your car insurance expenses a great deal. Now the only thing that you have left to do is to put what you have read into action in your life to save as much money as you possibly can.

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