How Auto Insurance Can Save You Money

Everybody needs auto insurance, and surprisingly almost nobody wants it. Come to think of it, why pay much for something that you might simply never need? And because of this thinking, the purpose of having insurance is somewhat defeated. But there are actually lots of ways to get around it, the high insurance costs to be exact. Here are some examples that you can do to increase your chances of landing the lowest possible price for your coverage.
1. Shopping. Rates of insurance companies may be the same but they differ much on how they deliver their services. Gather as many quotes as you can so you can get a clearer picture. You can also insure all your cars with the same insurance company. This saves you money with their multi-car discount. Include your home still with the same company for further discounts.
2. Always stay insured and never allow your insurance policy to lapse. If you do so, you might find yourself in a difficult situation when obtaining a new policy after expiration; your new insurance might become more expensive than it was before. People are automatically at high risk if they let their insurance expire just for a couple of days. And this means you will be charged for an extra because of this.
3. Increasing your deductibles. Comprehensive and collision coverage have deductibles that you must pay out of your pocket before your insurance company begins to pay. You will automatically be given a lower price for your coverage if you increase your deductibles. Ask your agent how much you can save if he quotes you with higher deductibles.
4. Always drive safely. If you get yourself into an accident and you are at fault, then you just increased your insurance premium for about three to five years. But if you always drive safe, you can always qualify for accident-free discounts.
5. Driver training course. You can avail yourself of a discount if you take any approved driver training course. But it's not really much. Check with your agent first before you invest in such undertaking. If you look at it on the long run, the training course will produce a better driver out of you, and this will eventually lower your insurance premiums.
6. Buy only what you need. Try to review your coverage with the help of your agent. You may not need that much liability coverage you currently have depending on your personal preferences. But be careful if you decide to reject certain coverage like the uninsured motorist. You might get entangled in some accidents especially with the requirements of some state laws.
7. Try to drive less if you can. Some insurance companies boast of their 10% discount for having less than 5000 mileage.
8. Installation of anti-theft units in your car. You can also award yourself with discounts up to 36%.
9. Insure only the vehicles that you drive. If you have another car that had broken down sitting out for a year, take it out of your insurance policy.
10. Opt for longer policies. Some situations may hand your three to six months policy with a price penalty, which means that if you go for a longer term, then you may get cheaper rates. You can save money with this if you pay up front instead of monthly payments.
There you have it. These are just some of the attractive ways so to save money from paying a fairly huge amount from this necessity that some people may not find necessary because of the argument that they may never ever need it. However you think of it, it's still a win-win situation for you.