When everything gets tight financially, you look for ways to reduce your costs anywhere you can. Auto insurance is certainly one place to look, and fortunately, there are several ways most people can get lower premiums. Here are 7 ways you may be able to adjust your auto insurance and make it the more affordable car insurance you want.
1. Get Driver’s Education for Better Auto Insurance Rates
If you have not already taken a course in driver’s education, now would be a good time. Auto insurance companies do give a discount to those who have successfully completed this course. In some cases, if your driving record has become tarnished, you may be required to retake the classes – which may help you get better rates again.
2. Buy A Safer Car
Although sports cars or classic cars have a better look, they do not come with low insurance rates – or any insurance discounts. You will get reduced car insurance premiums if buy a car that is newer and has safety features – like anti-lock brakes and airbags.
3. Avoid the Most Stolen Cars
Your insurance company will probably raise your premiums if you buy one of the top 10 most stolen cars. Their risk is higher, and you will be the one to pay for it. Avoid these cars and get a better insurance rate. Your insurance agent can tell you which cars are on their list.
4. Add Security Devices
Cars are being stolen all the time. Anything that can slow down a car thief, or at least make them look at another car instead, is something your insurance company appreciates. Ask your insurance agent about the best devices that will give you the greatest amount of savings.
5. Get Automatic Payments
When your auto insurance company has to send you a bill each month, you may be paying up to $5 more per month. You can eliminate this fee by getting billed electronically, or by paying quarterly or semiannually.
6. Combine Your Policies at the Same Company
Another way to get a discount on your auto insurance is to get all your insurance through the same company. They appreciate your service and will give you a discount for combined policies.
7. Over 55 Discount
Many insurers give you a discount once you reach the age of 55. If you are older than that, look over your car insurance bill to see if it has been applied. Talk to your insurance agent if it is not.
Most insurance companies now use your credit report to formulate your premiums. Although there are other factors, you can be sure that a bad credit report will probably raise your premiums. By working to get a better credit score, you can reduce your car insurance payments and save even more money.