2 Ways To Reduce Your Car Insurance Expenses
Reducing their car insurance rates is a large concern for many individuals as it is a recurring expense that they will be dealing with for as long as they own a vehicle, but it can often be a bit difficult to figure out just how to go about getting lower insurance rates. Listed below are two ways to reduce your monthly car insurance expenses.
See If Your Insurance Company Offers Monitored Plans
One interesting way to potentially get lower insurance rates is to see if your insurance offers monitored insurance plans. These plans require that you allow the insurance company to install a small device on your car that will monitor your driving habits so that the insurance company can provide rates based on how well and safely you drive. In some cases, you can also receive a discount on your car insurance simply by agreeing to have the device installed on your vehicle.
These devices will track a wide range of factors and report them to your insurance company, such as your average following distance, how often you brake suddenly, and your average speed. With that information on file, an insurance company can better gauge how much of a risk you are and adjust your rates accordingly, which will result in lower rates if you are a safe and responsible driver.
Purchase A Low-Mileage Plan When Possible
An often overlooked option when attempting to reduce your car insurance expenses is to consider a low-mileage insurance plan whenever possible. Low-mileage insurance plans will typically offer lower insurance rates if you drive less than the average amount every single year, with the mileage ranging from 10,000 to 15,000 miles.
This makes a low mileage plan a really great option if you are only using your vehicle for very short commutes or if you have purchased a second vehicle that is really only going to be used for a portion of the year, such as a sports car that you will only be using in the summer and spring and putting away once the weather gets nasty or cold. This is also a good option if you want to insure a second vehicle that will not be used for commuting at all and is intended for driving around town and running short errands.
Speak with your insurance company or visit your local insurance agent today to discuss what recommendations they may have that can reduce your car insurance expenses. Seeing if your insurance provider offers monitored plans and purchasing a low-mileage plan when possible are simple, yet effective, ways to reduce the cost of your car insurance. For more information, contact local professionals like Graber Insurance.
Share
