As a responsible car owner, one of the biggest expenses you may face is car insurance. Several factors affect your car insurance premiums such as age, driving history, and the type of car you drive. However, there are things you can do to lower your car insurance costs. Here are 7 genius tips to help you save money without compromising on coverage.
1. Shop Around for the Best Quote
The first step in saving money on car insurance is to shop around and compare quotes from different insurance companies, giving you an estimate of how much coverage might cost from each company. Don’t just settle for the first quote you receive, as rates can vary significantly between insurers.
2. Bundle Your Insurance Policies
Another way to save on car insurance costs is by bundling it with other insurance policies such as homeowner’s or renter’s insurance. Most insurers offer discounts for customers who have multiple policies with them.
3. Maintain a Clean Driving Record
Maintaining a clean driving record is not only important for your safety, but it can also help lower your car insurance premiums. Avoiding accidents and traffic violations shows insurers that you are a responsible driver and less of a risk to insure. Many providers offer a discount for drivers with a clean record.
4. Choose a Car with Lower Insurance Costs
When shopping for a new car, consider the insurance costs associated with different makes and models. Cars with higher safety ratings and lower theft rates generally have lower insurance premiums. According to the Insurance Information Institute, the average car insurance rate is $1,588 per year, but choosing a cost-efficient car could save you up to 30% of that amount.
5. Increase Your Deductible
A deductible is the amount you pay out of pocket before your insurance kicks in. By increasing your deductible, you can lower your monthly premiums so that you pay less each month and have lower overall car insurance costs. Just make sure you choose an amount that you can comfortably afford in case of an accident.
6. Explore Available Discounts
Many insurance companies offer various discounts that you may be eligible for, such as good student discounts or discounts for completing a defensive driving course. Be sure to ask your insurer about any potential discounts you may qualify for!
7. Consider Usage-Based Insurance
Usage-based insurance (UBI) is a relatively new concept that involves using technology to track your driving habits and adjust your premiums accordingly. This can result in personalized, lower premiums for drivers who are deemed low-risk based on their driving behavior.
With usage-based insurance, a small device or app is used to monitor your driving habits such as speed, braking patterns, and mileage. This data is then used to calculate your premiums, with safer drivers typically receiving lower rates.
Choose Bethany Insurance to Get the Best Rates
When it comes to finding the right car insurance for your needs, be sure to explore all of your options and consider the above tips for lowering your premiums. At Bethany Insurance, our experienced agents are dedicated to finding you the best coverage at a price that fits your budget, so you can drive with peace of mind.
Contact us today to get a free quote and learn more about our insurance offerings to find the perfect policy for you. So why wait? Choose Bethany Insurance and start saving on your car insurance costs today!
