Car insurance is a set expense that comes with owning a car. If you want to drive your vehicle, you need to have car insurance. There are steps that you can take to keep this expense under control.
#1 Always Get Multiple Quotes
First, you need to make sure that you get multiple quotes from different business. It can be easy to go through the process of sharing information and decide to stop with just one insurance company. However, it is really beneficial to check out rates from many different carriers. Rates for the same vehicle and the same driver can vary dramatically from one carrier to another.
Luckily, there are tools that allow you to get quotes from multiple insurance agencies at one time. Remember, the auto generated quotes are just a starting point that you can use to negotiate a better rate with the insurance company.
#2 Play with Your Deductible
Second, play with the deductible. The lower the deductible, generally the higher your insurance payments. Deductibles often range from as low as $100 up to around $1,000. The key is to find a deductible that works for you. Choose a rate that you could afford to pay tomorrow if you were to be in an accident. Perhaps that is $250 dollars or $750. Don't pay for extra coverage that you don't need.
It can be a smart idea to have a savings fund that could cover a deductible. As you increase the level of deductible that you can afford, be sure to change your deductible with your insurance company. This is a great way to save money on your monthly car insurance payment.
#3 Keep Your Credit Up
Paying your bills on time and keeping your debt down are two ways to protect your credit score. Keeping your credit score high can help you secure a lower car insurance premium. Insurance companies reward you for keeping your credit score high and being a responsible with your bills and loans. This can make a really big difference in the money that you spend on your car insurance.
#4 Pay All at Once
Some car insurance companies offer you a discount if you pay your entire premium up front instead of spreading it out over six monthly payments. See if the insurance company you are interested in offers a discount for paying your premium in full instead of paying in monthly installments.
Save on your car insurance by keeping your credit score high, saving up so you can afford a large deductible, paying your insurance premium up-front instead of in monthly payments, and always comparing quotes from multiple insurance providers.
For more information, contact local professionals like those found at Veronica's Auto Insurance