One of the biggest factors in what you pay for car insurance is your driving record. If you have accidents and tickets on your record, it likely will lead to higher premiums. If you drive safely and follow traffic laws, you are less likely to get blemishes on your driving record, which will in turn help lead to lower insurance premiums.
Drive a safe car
Your car insurance premiums depend a lot on the type of car you drive. When you are looking for a car, do research on what ones tend to have the lowest insurance premiums. Large SUVs with good safety ratings usually are a good bet, because they keep you safer and are less likely to sustain major damage in a crash. You want to stay away from small sports cars, which tend to have the highest insurance costs.
Don’t carry more than you need
A major portion of your Youi insurance premiums is how much insurance you are carrying. The more types of coverage you have, the more you will pay. If you have a newer car with an outstanding loan, then you will need to carry collision, comprehensive and other coverage in addition to liability. But there is little reason to carry these coverage packages if you have an older car that isn’t worth much. Not carrying more than liability insurance if you don’t need to will keep down your premium costs.
Insurers give discounts when you have multiple policies, so you may be able to lower your car insurance costs by getting it and other coverage from the same insurer. For example, if you get your auto and home insurance from the same company, you are likely to get discounts on both policies.
Raise your deductible
Insurance is all about risk, and the more you pay out of pocket, the less risk the insurer carries. That’s why you can lower your car insurance premiums by agreeing to a higher deductible. For instance, if you raise your deductible from $250 to %500, you are likely to lower your premiums by at least a few dollars a month.
These are just a few of the most common ways to lower your car insurance premiums. There are many other things you can do to help keep down your insurance costs.