10 Ways To Save On Car Insurance - Ratinah

Car Insurance - For most people, car insurance is the single biggest insurance cost after health insurance. The rates are high and keep going up, at least it seems that way. You can save money on your auto insurance premium by following these easy-to-implement steps.

10 Ways To Save On Car Insurance - Ratinah

1. Shopping Nearby

Yes, it pays to shop and compare. Regulatory changes at the state level may have encouraged new companies to enter the market, increasing competition and reducing tariffs for consumers.

2. Increase Your Deductible

A $200 deduction sounds wise until you figure out that the cost of having a reduction at this threshold can push your rates through the roof. Consider deductions as high as $1000 to save on premiums. You can always fix minor accidents yourself.

3. Drop Collision

If your car is worth less than two or three thousand dollars, consider stopping the crash altogether. Sure, you won't get anything from your insurance company if your cars are added up, but the savings you realize by dropping a crash can be used as a down payment on your next car.

4. Look for Discounts

If your car has certain safety features, make sure your insurance company is aware of this. Older cars, for the most part, don't have airbags but if you have a model that does, you'll save money on your insurance.

5. Business Reduction

If you drive your car for business, a portion of your insurance costs are deductible. On the other hand, your rates may be increased if your insurance company finds out that you use your car more for business than pleasure.

6. Merge Policies

Purchase your home, auto, and life owner insurance policies from the same broker and you can save on your premiums. Some insurance companies reward policyholders if they "one-stop" purchase all of their insurance needs through one company.

7. Consider Before You Buy

A Porsche Boxster may be your ideal car, but it can also dramatically increase your insurance rates. Perhaps a less sporty model would be ideal.

8. Driver Ed Course

You may have taken a driver's education course and your insurance company has not taken that into account when determining your premium. Let them know that you are a safe driver!

9. Removed Points

If you have a moving violation reported to your insurance company, make sure your insurance company adjusts your premiums downwards if several years have passed since the incident. You may pay a higher premium than you deserve.

10. Check Your Policy

If the insurance company has the wrong address, city or postal code on your policy, you could find yourself paying more than you should.

Reducing the cost of your car insurance should not be impossible. By following these steps you will be aware of some savings by the time your policy appears for review.

That's 10 Ways To Save On Car Insurance - Ratinah

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