6 Powerful Ways to Save Money on Car Insurance 2017

How To Save Money On Car Insurance

I have earlier written articles on how to save money on homeowners insurance, how to save money on health insurance and how to save money on life insurance. In this article we will be talking about the smart ways on how to save money on car insurance. By the end of this article, you will know the 6 tips for reducing your auto insurance premiums and saving a ton of money to yourself. you can watch this video tips below.

 

The Best Ways and How to Save Money On Car Insurance

    1. Keep your driving record clean

    Talking about keeping your driving record clean, you should make sure you have not been caught breaking the rules of driving on the road. don’t get nailed for speeding. Even though you commit any offence against the road laws, let it be your first time in many years. When you finally fall for it, make sure you plead nolo contendre (no contest) and do pay the fine, do your best not to blow up the points on your license to avoid higher insurance premiums.

    1. Increase your deductible 

    Here, you will need to pay some extra amount to you auto insurer so you will get higher returns in any case of accident. But if you are willing to bear a greater portion of the risk, where you get to pay the remaining amount after your insurer have paid you off the highest limit for accident, leaving some excess bills unsettled for you to pay because the damage you caused is higher than what the insurance company paid to you. So avoid this, kindly call your agent and ask them to increase your deductible and get higher pay out. Do make sure that you have enough cash at hand to cover your out-of-pocket expenses in the event of an accident.

    1. Drop unnecessary coverage 

    You might consider dropping your comprehensive and/or collision coverage entirely if you’re driving an older car. why? Because what’s the need of paying a ton of money to insure an old car against damage that might not worth repairing? This doesn’t mean you should drop your car insurance coverage entirely; all you need is to drop some portions that pays for repairs on your own car.

    1. Bundle multiple policy types together 

    Bundling your insurance policy can help you reduce the amount you spend on auto insurance since you will be discount from your insurer. Most insurance companies offers discount for carrying multiple policies with a single company. You can get two car policies, a personal articles policy (like your jewelries), homeowner’s policy and an umbrella policy all with the same company at a discounted rate.

    1. Ask about other discounts 

    In this, you might qualify for discounts for renewing your policy, being accident-free (clean record), taking a defensive driving course, driving relatively few miles each year etc. make sure you talk to your agent and get what you have coming to you.

    1. Shop around

    Assuming that you’re doing everything else right, and stand the chance of getting your insurance premium lowered,  you can save money on your car insurance by shopping around and comparing prices from different insurance companies. You can either use the auto insurance comparison tool at FiveCentNickel or call around to local agents. Whichever way, just make sure you buy from a reputable company so you won’t run into any problems if/when you file a claim.

That’s it! The Six smart tips to save money on car insurance. Feel free to use the comment section if you have any other suggestion, question or something to add to this.

 

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