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27 Data-Backed Tips For Saving On Car Insurance

15 November 2018 By admin Leave a Comment

For many customers, finding the right car insurance policy can be quite frustrating due to the complexities of pricing, which is complicated further by varying state coverage requirements. In the end, coverage gets quite expensive.

Licensed insurance agents know how the average consumer can lower their car insurance premiums. So, in an attempt to bring transparency to the world of car insurance, here are some data-backed savings tips according to experienced insurance agents:

1. Don’t Allow Your Insurance Coverage to Lapse

Rates drop 7.7 percent on average, even after being insured for just a year. The discount that most insurance companies provide for maintaining continuous coverage will depend on the amount of liability coverage on the policy you have. The higher the limit of liability, the better the prior insurance discount is likely to be.

2. Bundling

Bundle your car insurance policy with your homeowner’s insurance to potentially save up to $110 annually or bundle your renter’s insurance with your car insurance to save up to $72 annually.

3. Do Proper Research

Take several minutes to learn about the companies, minimum coverage requirements and other factors that apply to your state.

4. Get Ahead of the Game

You should buy your car insurance policy not less than 10 days before you need it activated if you wish to get a better rate. This is particularly beneficial if you know that the policy is up for renewal and you wish to switch to a different provider.

By Will Robins

See Full Story at www.feedster.com

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