Top Tips To Save Money On Your Car Insurance

Vehicle insurance is one of those must-have things in life. It is required by law that in most states that you have the very minimum coverage for your car. Since there is no way around getting car insurance, you might as well take advantage of some money-saving tips to get cheap car insurance.

 

It’s a fact that automobiles lose value very quickly. No matter how well you care for your car, the value will decrease remarkably over a short period.

When you are through paying off all debts owed on your automobile, find out from your lender the estimated book value of it. If this amount is equal, the same or lower than the amount of your collision insurance premium, then there is really no reason for carrying collision coverage. You would essentially be paying the total value of your car every year, notwithstanding if you have an accident or not. You would save tremendously on your car insurance premium by leaving off the collision if this is the case with your car.

Getting Speed tickets and moving violations are the primary cause of high insurance rates. When you have a lot of speed tickets, it means you always drive at high risk and disobey traffic rules, this makes the insurance company label you as an “at-risk” driver, and your insurance rates would be are raised for several years as a result.

Having lesser tickets and always driving safely will keep your insurance rates at a small amount.

Depending on where you live and the vehicle you drive, paying for some coverages would not be necessary.  For example, if you live in a neighbourhood where car theft is common, then it’s absolutely necessary to get the theft insurance coverage. However, if you live many miles from the nearest town in a well-secured location where theft is very uncommon, it’s unwise to pay the additional premium for this type of coverage.

Making comparisons before signing on for insurance is an excellent way to save money,  You’ll get to compare insurance companies, policy options, and pricing then decide on the one that offers adequate coverage but is still within your budget.

Be very careful not to sign up too quickly on a very low price being offered though, ask around first to find out if someone else has had experience with the company. Some companies who boast low prices offer the worst customer service, and take a very long time to process claims, so use caution at all times.

Although high deductibles usually get a negative response from customers, they can work to your advantage and help save you tons of premium money every year. The concept behind a deductible is to place more of the responsibility on you the driver and less on the insurance company. In turn, your premium can be considerably less every year.

Well you might want to pick out a good quality alarm system for your car, fitting an immobiliser can help you to shave a little off the cost of your car insurance also. One of the things that insurance providers take into account when you apply for car insurance is the risk of theft. Car theft is a huge problem all over the country and if you ensure that you have installed adequate security on your vehicle, your car is seen to be less of a risk.

The younger driver usually has to pay more in insurance costs than the older driver. If you are a younger car driver, you may want to try a specialist provider who tries to give the younger driver a fair chance at obtaining competitive premiums for car insurance. As a younger driver, you might take advanced driving lessons to prove you are a responsible driver and choose a moderate vehicle as opposed to a fast, large engine sports car. The more powerful the car the more insurance costs and for the younger driver a sports car might be good on the image but not on the pocket.

There are also special deals on insurance for women as some insurance providers now offer tailored insurance aimed with women in mind. Despite the many jokes that fly around insurance companies have said that women tend to make fewer serious claims than men. They also drive smaller cars, which again helps them to keep cheap car insurance premiums.

Clean your car frequently. It is crucial to always wash your car often. Go to a car wash any time your car is dirty. Do not make the mistake of being lazy with car washes as you might end up getting permanent stains on your vehicle and, even more, damage if you try to scrub it off. Insurance agents want to get a sense of safety and responsibility from you. That means if you keep your car in great condition, you will increase your chances of acquiring cheap auto insurance rates.