“How can I get a low car insurance rate?”
It is a question that insurance agents get asked on a regular basis. Fortunately, new and seasoned drivers can reduce their initial as well as monthly costs. Plus, they can do it without giving up the best coverage they need and can afford.
How is it possible to get lower car insurance rates and premiums? Check out these 10 strategies that work wonders.
1. Maintain a clean driving record
Insurance companies are more likely to give amazing rates to drivers with unblemished records. If you needed another reason to drive with safety in mind, paying less each year is certainly a great incentive!
2. Shop for a number of different policy types and from different insurance companies
Every insurance provider has its own rates that are independently set, not mandated by any regulatory entity. Even if you have had the same insurance carrier for years, an independent local insurance agent can help you find out if you could get a lower-cost policy elsewhere.
3. Insure all your household drivers and vehicles on one policy
Sometimes, it can be helpful to have all your drivers and vehicles on one low car insurance policy. Again, a trustworthy, experienced insurance agent can help you weigh whether this makes sense in your situation.
4. Avoid buying a fancy set of wheels
The more expensive — think sporty or exotic — your vehicle is, the higher your premium will be. Want the lowest possible car insurance rates? Get a car that is known for its reliability and security.
5. Accept a higher deductible
Many vehicle owners forget that they can always get a premium with a higher deductible and lower monthly rates. Higher deductibles mean you will pay more out of pocket if you have a problem. Still, this can be an effective way to save money in the short term, especially if you are a good driver.
6. Have young drivers take a defensive driving training course
Did you know that some insurance providers offer a discount to newly minted drivers who have taken a driver’s training course? Talk to your insurance carrier or agent about the possibility of lowering your premium if you plan to put a teen on it soon.
7. Stop driving as many miles
Your insurance carrier will want to know how many miles you log on your vehicle every year. If you can reduce your mileage considerably by commuting to work with coworkers or using mass transit, you may be able to see noticeable drops in your insurance rates.
8. Boost your credit score
Some insurance providers want to know what your credit score is to determine if you are a good or bad risk. Therefore, boosting your credit score by paying bills on time and maintaining a healthier debt-to-income ratio can be beneficial.
9. Move to a different area
Of course, you do not want to pick up and move just to save money on your insurance. On the other hand, if a relocation is in your future, consider which neighborhoods or states might give you better rates.
10. Review your coverage
Once a year, plan to discuss your coverage options with your insurance agent. You may discover that you can change coverage based on your history, paying less in the long run.
Why spend a penny more than you need to on car insurance? Do what you can to lower your car insurance rates and premiums, and get in touch with us at Strock Insurance for your quote or request a quote directly from one of our Auto Insurance carriers, Erie Insurance.