Whichever way you look at it car insurance has a rather hefty chunk away from your bank balance every month and although you’ve got to get it (well, if you’ve got a car one does) there are ways in which you can chip away on the premiums to save just a little bit of your hard earned cash and you know it really is genuine that every little helps.
Before you renew, Here’s a quick checklist which can help to reduce your car insurance – check it off:
1 – Look around – there are many superb online comparison websites which allow you to get a number of quotes from a variety of insurance providers all at the same time – so use them. Even though insurance market is well regulated it is still not true that they are “all the same” – who knows where you’ll get your best offer.
2 – Enhance your deductibles – many people pay over the odds insurance premiums without knowing it. If you increase your deductibles it will lower your premium payments which really means you will have to pay a proportion from the repairs yourself if you are involved in a motor accident. Be careful of increasing it so far that you’ll never be able to manage to fix your motor with regards to an accident but do give it a look.
3 – Have a good score – a good credit score that may be. When you have a bad credit history you will have to pay more for your motor insurance, insurance companies check on this kind of thing to see what type of customer they are coping with and, rightly or wrongly.
4 – Low mileage discounts – are another great way to lessen your insurance costs. Find out if there are any low mileage discounts that may be applied to your policy if you are the type of person who only drives a couple of miles twice a week to maintain stocks of groceries and go to your weekly art class.
5 – Rid yourself of the collision / comprehensive insurance – you could discover that this component of your policy is costing you more than the value of your car or truck – in the event you drive an older motor. This is well worth checking out and can help to save a massive 40% on the premiums. If you are involved in an accident which is your fault and comprehensive cover is designed for any other harm to the vehicle which has not been caused by an accident, collision cover is for repairs for your motor. Many older, budget cars really don’t need this cover.
6 – Check out the discounts – different insurance companies offer different discounts at different times, so don’t forget to have a look every time. They may have loyalty discounts, anti-theft discounts, reduced prices for pension age drivers or those who have retired, discounts for keeping your car in the garage, reductions in price for fitting an anti-theft device, discounts for married drivers, reduced prices for driving a yellow motor (just checking and kidding that you’re focusing).
7 – Combining other policies – most insurance companies offer different styles of insurance – home owners insurance, auto insurance, life insurance coverage, health insurance, renters insurance – if you lump all of your insurance eggs into one basket you could be qualified for a discount on all of them. It’s certainly worth asking about.
8 – Check out the insurance costs of your own motor before you purchase it. Picture the scene, walk into somewhere with plenty of great cars like Dodge Costa Mesa – before you completely and absolutely fall head over heels in love with a shiny new sports model check out the insurance implications and buy something which is within your budget, take a look at http://mcpeeksdodge.com – then.