Car insurance can be pricey but there are certain ways to save money on your insurance. Shopping around for rates from different providers will give you an idea of the going rate for your demographic. When you’ve decided on a company consider the following ways to save money on your monthly premium. Northwest Florida Insurance Group recommends to follow these steps in order to save on premium.
If your insurance company offers bundles, you can get your renter’s insurance, homeowners insurance or other types through that company and bundle them with your auto insurance. This can save a significant amount of money and is also convenient. This is because insurance providers love to give back to those who are their loyal customers. When you are buying different policies from the same vendor, this makes them profile and they give back some of it as a bundling discount.
If you set your deductible higher on your collision or comprehensive policies you will pay less per monthly premium. Keep in mind that your deductible is the amount you must pay out of pocket before insurance kicks in. Higher coverage amount will make the deductible higher as well. If you have spare money in pocket, then pay in bulk to obtain even higher discounts which results more in savings.
Drop Unnecessary Coverage
If you drive an older car, things like comprehensive and collision coverage may not be necessary. Consider the total value of your car before you carry these types of coverage. You should never buy unnecessary car insurance which are of no use. This is why your driving habit and mileage comes into play.
Take Advantage of Insurance Company’s Promotions
Many companies offer things like low mileage discounts, good student discounts or a discount for being married. Be sure to ask about any of these you may qualify for. You can also wait for the time when popular car insurance providers offer discounts on sales. This way, you should be able to save significant on car insurance.
Safe Driver Discounts
Some companies offer discounts for those they consider to be “safe drivers.” This usually involves plugging a device into your car that monitors your driving habits. Things like braking hard and quick or speeding will likely cause you not to receive the discount so keep in mind your driving style. You can also attend in Local Driving School and achieve certificate upon passing in the test on “Safe Driving” or “Defensive Driving” course and show it to the insurance company. If your insurance provider authorizes them, then there should a discount of 5-10% on overall premium.
Here are some great tips to save on car insurance for young and new drivers:
Insurance can be expensive but if you shop around and ask for discounts from your provider there are many discounts that can be had. Most importantly if you have a clean driving record with no recent accidents or tickets you will save the most money with nearly any provider.