Saving money is important to all of us. One way to save money is by reducing your car insurance rates.
There are several ways that can help you get cheaper car insurance. Here are our top 7
- Shop around for online quotes. Insurance rates vary from one insurer to another, so it’s worth it to shop around. Brokerage websites are recommended to complete car quotes. Make sure you complete the same information on all the questionnaires. After you received at least three car quotes, you can start analyzing in order to choose a policy that suits you. After you settled with one offer, see if you can make the deal even better by contacting the respective insurer and find out if there are extra discounts you can qualify.
- Raise your deductibles. Deductibles are the money you pay from your pocket before the insurance policy kicks in. By raising your deductibles, you will prove your insurer you are willing to take a higher financial risk. By doing so, your insurer will lower your premium rates. Make sure you put enough money aside to pay, in case of a claim.
- Keep a clean driving record. If you have no traffic tickets and no accidents for a number of years, you can be eligible for this discount. Most insurance companies will lower your premium rates after three years of clean driving, while other insurers will wait even five years to give you this discount. Usually, this discount will lower your insurance rates by 10
percentto 20 percent.
- Choose the right car. Insurance rates vary on the make and model of the vehicle you drive. Factors like the likelihood of theft, costs to repair and safety record, determine the price of the insurance rates. Safety and anti-theft devices also play a significant role in determining the premium of a vehicle. It is recommended to purchases a slightly used vehicle, preferably an SUV or a minivan, that already has many safety features installed
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