In this economy, anyone can benefit by cutting costs on bills where they can. Just because car insurance is a requirement doesn’t mean you can’t find ways to save money on your premium. Try any number of the following tips to generate a new, less expensive automobile insurance quote.
1. Get a Bundle
One way to shoot for an inexpensive automobile insurance policy is to opt-in to a multi-line, or bundled, policy. These policies often result in savings on each individual’s coverage. Also look to see if your company offers other types of coverage, such as homeowners insurance.
2. Make Fewer Payments
With every payment you make to your insurance company, you’re paying extra processing fees as well. By making fewer larger payments instead of smaller monthly ones, you can save a few extra bucks a month. It may not sound like much, but this small change can potentially save you hundreds in administrative fees over the years.
3. Drive Safe
Accidents and traffic violations are one of the easiest ways to increase your insurance premium. The safer a driver you are, the less of a risk you are to insure. Keep your driving record clean and you’ll pay less.
4. Check for Discounts
In addition to rewarding good drivers, auto insurance companies are also known to give discounts to good students, senior citizens, loyal customers, military personnel, teachers, members of certain organizations, and others. When you’re getting your automobile insurance quote, be sure to check with your agent to ensure you’re getting all the discounts you’re eligible for.
5. Shop Around
Different models and types of cars also have varied insurance rates, which are calculated based on their overall safety. Sports cars and luxury cars are usually the most expensive to insure, while SUV’s are usually less expensive. When you’re car shopping, ask your agent for an individual automobile insurance quote for each model you’re considering. This will help you determine which car will be better for your budget.
6. Look for Car-Safety Discounts
Some automobile insurance companies offer discounts for having certain safety features on your car, including air bags, antilock brakes, alarm systems, and more.
7. Drop Collision and Comprehensive Coverage on Old Cars
If your car is totaled in an accident, the insurance company will pay you the actual cash value. If your car is older, it may not be wise to keep paying premiums to maintain collision and comprehensive coverage. Find out the estimated fair market value of your car and make sure you’re not paying more than it’s worth just to insure it.
8. Consider Your Home, Job, and Education
Car insurance companies don’t always stop at your driving record and car information. Your occupation, home ZIP code, and level of education can also have an impact on your car insurance premium. Insurers use this information to replace specific income information, which is used to determine your potential cost to the insurer.
9. Keep a Healthy Credit Score
Your credit score is another way insurance companies predict the risk of you filing a claim. If you have a poor credit history, you may pay higher rates. Make sure your credit is in good standing and you can save on your premium. Looking for an affordable Dallas insurance agency? Contact us for an automobile insurance quote today.