5 Tricks To Lower Your Car Insurance
If your car insurance premiums are eating up a big chunk of your budget every month, you are probably paying too much. You may also notice your rate gradually going up a bit each year. Instead of passively accepting whatever rate your insurance company offers you, try the following tricks for getting cheaper car insurance:
Take Defensive Driving
Taking a defensive driving course not only lets you brush up on how to be a better and safer driver, but it can lower your insurance rates as well. By learning tactics to become a safer driver, you are demonstrating to the insurance company that you aren't a high-risk driver. If your current insurance company doesn't offer a defensive driving course discount, it's definitely worth shopping around for one that does.
Raise Your Deductible
If you are not accident-prone and have savings set aside, the most dramatic way to lower your rates is to raise your deductible. This means that if you do get in an accident you will need to pay more out of pocket before your insurance kicks in, which is why this is only a prudent option if you have savings. Hopefully, by being a safe and careful driver you will never have to pay that deductible anyway, and you can enjoy much lower monthly payments.
Link Your Policies
Do you currently have car insurance with one company, home owner's or renter's insurance with another, and life insurance with a third company? Look into bundling all of your insurance policies with the same company. Many insurance companies will reward your loyalty with steep discounts on all of these policies, not just your car insurance—score!
Raise Your Credit
You may think your credit score and car insurance payments are completely unrelated, but the truth is the former can definitely affect the latter. Many insurance companies run your credit report and charge you more if you have bad credit. This is because they see someone with a good credit score as responsible, cautious, and less risky. If you've been meaning to pay off old debts and work on raising your credit anyway, lower car insurance payments can certainly be an additional incentive.
Ask About Available Discounts
Most car insurance companies offer a bunch of random discounts that they don't heavily advertise. These can include discounts for being a good student, discounts for specific professions, discounts for parking your car in a garage, and discounts for not being a heavy driver. All it takes is a five minute phone call to your insurance agent to see if you might qualify for any of these.
By implementing these tricks, you will most likely see your car insurance rates slashed very soon. For more information on ways to lower your car insurance rate, contact an insurance company like Colling Insurance Services, Inc.
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