Plenty of insurance commercials state that by switching to their company, you will save so much a year in terms of dollars or percent. But in doing so, you may be sacrificing quality service. You don’t always have to find a new auto insurance provider just to cut costs. We have several tips to help you save money without compromising service.
To get the most for your money when pricing automobile insurance, be sure to consider the extras that are included with some policies. You can save on towing costs with emergency roadside assistance that is included by some insurers. Others may offer discounts for good drivers or including more than one car on your policy.
The make and model of the vehicle you buy will play a significant role in the amount your auto insurance will cost. You may have refined tastes and want something luxurious, but the insurance bill will reflect this choice. To save money on insurance, purchase a vehicle that is safe and modest.
Before you decide to purchase any auto insurance policy, one of the first things you should do is calculate your total mileage. Some people do not drive their vehicles that often, and they may be privy to certain discounts if they only use their automobiles for work use or other limited uses. Driving less means you are less of a risk.
If at all possible, you should limit your insurance claims if you want to save money on your policy in the long run. If you have a little fender-bender with someone, the two of you can decide to handle it without involving the insurance company. Getting insurance involved for every scratch on your car will send your premiums through the roof.
Try to ride buses or take a carpool. Insurance companies like when their policy holders show responsibility, keeping your mileage low is something they really appreciate. If you tell your agent that you have been riding the bus or carpooling, chances are they can find a discount to reduce your premium.
Get your insurance quote before you buy a vehicle. This way, you will know in advance how much everything will cost altogether. Find out if buying a slightly different car will change your rates. Every little bit helps, and if you can walk away with a car that has lower rates, you would want to do so.
In some states you can actually file proof of financial responsibility and forgo actually having to buy an auto insurance policy. If your state happens to be one of those, I’d suggest looking into it since it can save you on insurance premiums every month. The only drawback is that if an accident does happen, and you are at fault, you would be responsible for damages.
In order to save money, consider switching from a monthly payment plan to a yearly or semi-annual payment plan. If you’re currently paying premiums by the month, you may be paying extra for the additional handling required to process your monthly payments. If you can afford to pay your premiums up front for a year, for example, you may gain significant savings.
Install an alarm in your vehicle. Getting an alarm for your car can protect it from being stolen or vandalized. It can also help to lower your premiums. Check to see if your car insurance provider offers a discount for having an alarm. If you already have a car alarm, make sure you inform your provider.
Be careful about what kind of repairs your insurance will cover. Some insurances send their customers to specific shops, which might cut costs by using cheap parts or not replacing everything that needs to be. When you choose an insurance, make sure they will pay for repairs and let you choose where you will get your car fixed. Or get a lifetime guarantee on the work performed.
When you use these tips to help cut your auto insurance costs, you should be able to stay with your current auto insurance provider. If you do decide that it is worth your while to switch insurance companies and reap the savings as a new subscriber, be sure to use these tips to keep your costs down with them as well.