7 Ways To Slash The Costs Of Your Car Insurance Premiums

7 Ways To Slash The Costs Of Your Car Insurance Premiums-There’s no doubt that we live in a litigious society. Unfortunately, that and rising vehicular costs have had a direct effect on car insurance rates. Consumers have to get creative and find ways to reduce their premiums and lighten the load on their wallets. Following are 7 ways you can slash the costs of your car insurance premiums. Insure Multiple Cars Insurers offer bulk rate discounts, so one of the best ways to qualify for a discount is to insure multiple cars and drivers. The more business you represent for the company, the more they’re willing to give you a deal. To determine the extent of the discount you’re getting, request a quote for a single vehicle first. Afterward you can request a quote for multiple drivers and vehicles.

To qualify, the drivers must be related by blood or marriage and must all reside in the same home. Joint owners, not related by blood, many also qualify for discounts. In a similar vein, you will receive discounts if you maintain other policies at the same firm. Discuss the options with your insurance agent. Be A Safe Driver One of the most obvious ways to save on car insurance is to be a safe driver. The more moving violations and accidents you have, the higher your premiums will be. Moving violations incur points, and more points result in higher insurance premiums. Enroll In Defensive Driving Most insurance companies give a discount to motorists who present certification from an approved defensive driving course. Defensive driving and accident prevention courses could potentially reduce your number of points, so it pays to take one. Ask your insurer about discounts for these certifications if you want to ensure that you’ll be rewarded with savings for the efforts you expend. Shop Around Shop around to get a fair idea of the going rates for insurance. Start looking a few weeks before your renewal date. It might be worth your while if you find a lower rate. Don’t just compare prices; see what’s included in the coverage. If you’re happy with your current insurer, you can always request that they match the rate. Many of them might be willing to meet your demands in order to keep your business. Choose The Right Vehicle A decked out SUV might be the vehicle of your dreams, but insuring it could turn become your worst nightmare. Smaller and safer cars cost less to insure, so you might want to give them a second look. You’ll also save a pretty penny if you don’t mind driving an older car. Check with your insurer to review the rates for insuring various vehicles before you purchase. Raise Your Deductible Before you purchase your cheap cars insurance insurance, you’ll have a choose a deductible – the amount of money you’ll pay out of pocket before the insurance picks up the costs if there’s an accident, theft of damage to the vehicle. Deductibles could be anywhere from $300 to $1,500. Your premiums will be higher if you choose a smaller deductible. Talk with your agent to determine how much you’ll save if you raise your deductible. You just might wind up with a significant chunk of money in your pocket if you do. Install Anti-Theft Devices Insurers issue 5-10% discounts on premiums to motorists who install anti-theft devices. But before you run out and purchase the first one you come across, have a chat with your agent about approved devices. Car alarms are just one of the devices they approve. Consider your overall savings before you purchase the device, especially if getting the discount is your primary motive. The price of auto insurance is not likely to decrease anytime soon. Thankfully, these 7 tips will help you reduce the costs of getting around.

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