How To Save Money on Car Insurance

It’s illegal in many countries of the world to drive your car without car insurance coverage. Uninsured motorists are susceptible to steep penalties, including fines and suspension of their driver’s license. It may or may not go without saying that a car insurance policy allows you to stay on the right side of the law.

You can lower your premium and still get comprehensive coverage for your vehicle. We’ve come up with a few valuable tips to help you save money on your car insurance.

Shop around for the cheapest car insurance rates.

Not all car insurers are equal. Specifically, car insurance premium rates vary from one insurance company to another. So, feel free to request a free car insurance quote from different insurers. Better still, you can research online for the cheapest car insurance rates on the market.

Today, several directories, guides, and resources are available online to help drivers make informed decisions when concerning insurance rates. With a car quote comparison site, you can find a car insurance company that offers suitable rates. A notable example is the Zebra auto insurance comparison site founded by Joshua Dziabiak and Adam Lyons.

Homeowners can use the Zebra car insurance comparison site to compare home insurance and renter insurance quotes. The site is shopper approved and highly rated by Clearsurance. In addition, it received an A rating from the prestigious Better Business Bureau (BBB).

Zebra also has affiliations with top providers, including GEICO, State Farm, Travelers, Allstate, and Liberty Mutual. Want to get an accurate quote? Type your ZIP code into the tool to compare and contrast auto insurance rates. You can also call the company’s phone number if you encounter any difficulties.

Increase your deductible.

Ideally, customers choose a deductible when selecting their preferred insurance policy. This refers to the amount of money to be paid by you before your insurer picks up the tab. In general, choosing a lower amount will invariably push up your premium. Conversely, increasing the deductible can save you money on premium costs.

It’s also worth noting that increasing your deductible can save you up to 13% on premium costs. With that in mind, contact your insurance provider to raise your deductible. More importantly, make sure you have enough money to cover the higher deductible.

Consider all the costs before buying a vehicle.

It’s common knowledge that many insurance providers base auto insurance premiums on the car’s price, cost of repairs, risk of theft, and safety record. So, if you’re looking to save money on car insurance, buying luxury cars may prove counterproductive. This is because it costs more to insure a luxury vehicle than a regular commuter car.

What’s more, many auto insurance companies offer discounts to customers who own low-cost, hybrid, or affordable vehicles.

Insure all your vehicles with one company.

Many car insurers offer multi-policy discounts for customers getting policies on several cars or drivers. Your insurance provider may likely give you a reduced quote for insuring more than one vehicle. Studies show that you can save up to 30% on premium costs when you get coverage for multiple cars.

You may even decide to include your children’s rate in your insurance policy. By now, you should know that getting auto insurance for teenage drivers is a costly affair. Car insurance companies often consider teenagers as a high-risk group. The bottom line is that you can save money on auto insurance by adding young drivers in your household to your existing insurance policy.

Read More: Car Insurance: A Complete Guide

Maintain a good driving record.

One way to save money on car insurance is to become a better driver. Insurers give higher quotes to drivers who occasionally get involved in car accidents and traffic violations. Conversely, many auto insurance companies offer safe driver discounts for customers with clean driving records.

By steering clear of moving violations and accidents, you can save as much as 20% on auto insurance coverage costs. Additionally, your auto insurance provider is likely to lower your premium if you don’t drive often. You can take advantage of low mileage discounts to save money on car insurance.