Monday, June 27, 2011
No one likes paying for insurance however it can protect you financially if you’re involved in an accident. But, many drivers experience difficulty trying to find affordable car insurance options. Here are five tips to help you save money:
1. Compare Auto Insurance Rates Online
The easiest way to save money on car insurance is to compare rates online. Most auto insurance companies have online insurance quote forms. These easy-to- use forms will help you find the best-priced premium for all of your auto insurance needs.
2. Ask About Discounts
Once you find out which auto insurance company offers the lowest premium, you should call to discuss your quote. Verify if you qualify for any additional auto insurance discounts. Students with a strong academic record may qualify for a discount. You can also get a discount on car insurance if you pay your premium in advance instead of monthly payments.
3. Purchase Multiple Insurance Policies from the Same Company
Some insurance companies offer discounts to customers who purchase more than one insurance policy. If you own two vehicles, insure them both through the same company. Homeowners should also consider getting car and homeowners insurance through the same provider. This can save them a significant amount of money.
4. Drive Safely
Having a clean driving record makes you eligible for the lowest rates. Drive safely, avoid tickets, and watch your insurance premiums get lower. If you have a good driving record, make sure your insurance company takes your history as a driver into account when calculating your insurance rates.
5. Increase Deductibles
Increasing your deductibles from $500 to $1000 will lower your rate. Keep deductibles affordable as this is how much you will pay in the event of a claim.