Tips For Saving Money On Auto Insurance
Do you currently own a car, truck, or van? Does it feel like your insurance premiums are going up every time you blink? High auto insurance premiums can be a challenge and may be especially frustrating if you've never been involved in a car accident. If you're tired of paying too much, here are some tips for getting a lower rate:
Shop around: Many people assume that their auto insurance company will give them the best auto insurance rate, simply for being a loyal customer for years. While this is sometimes true, the truth is that insurance companies will often offer substantial discounts to new customers. After you've been a customer for a predetermined length of time, they will slowly start to raise rates on you. You can take advantage of this practice by shopping around for a new insurance company every time you're due to renew your plan, every 6-12 months.
Take a defensive driving class: You may be a fantastic driver, but you likely don't have any way to prove this to your insurance company. If you've never been in any accidents or made any claims on your auto insurance policy, the company is likely to assume that you've simply been lucky. Taking a defensive driving course is a good way to show your insurance company that you're serious about road safety. Not all insurance companies will lower your premiums for taking such a class, so make sure to find one that does before you enroll.
Raise your deductible: For older vehicles, it often doesn't make much sense to have a low deductible. Especially since you're simply adding money to your auto insurance company's bank account. If your deductible is currently at $500, try raising it to $1000 or even $2000. You may find that your premiums will go down in price enough that, in only a few months, you can easily set aside the additional money needed to cover the deductible.
Change cars: While not feasible for everyone, purchasing a different vehicle and getting rid of your old one can be a great way to lower your premium rates. Depending on where you live and the make and model of car that you drive, getting a vehicle even just a year older may be enough to trigger substantial savings on your insurance premiums. If you decide to go this route, make sure to get a few quotes from both your insurance company and rival insurance companies before finalizing any purchase plans.
For an auto insurance company, contact a business such as Northeast Underwriters.
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