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Cutting Down Your Car Insurance Costs

Many car owners just pay their car insurance premiums each year because it’s easier that way. However, there several ways that drivers can save on their car insurance. We realize that car insurance is just about inevitable, and therefore we have decided to give you tips on how to save money. In this article, we will give you ways that you can lower your insurance premiums, quickly!

Car Insurance Costs
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Credit Score:

A driver’s credit score can affect their insurance rate.  A recent study found that there is a 30-40% percent difference in the cost of auto insurance between somebody with excellent credit and somebody with bad credit. Contact Central Ave Nissan in Yonkers, NY to learn more about the study!

Get A Quote:

Before buying insurance, call an insurance agent to find out how much it will cost you to insure the vehicle. Premiums can vary on your vehicle’s make, model and year.

Low Mileage Discounts:

Low Mileage Discounts
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If you also drive less than the average number of miles per year, then you may be eligible for a discount. If you carpool to work, then see about getting a discount for that.

Get Your Driving Habits Monitored:

Many insurance companies will give you an insurance discount if you agree to be “monitored.” You’ll just need a small device that plugs into your vehicle’s OBDII port. The device records your driving behaviors, so the insurance company can see how you operate the vehicle. Progressive, for example, provides discounts of up to 30% for people with good driving profiles.  If you are a good driver, ask your insurance if they offer monitoring discounts.

Eliminate Old Vehicle Coverage:

Once your car is 10 years old or so, consider scaling insurance coverage to only “injury and property damage.”  A vehicle this old does not have a great deal of value so why buy collision coverage? If you have an accident, the insurance company will not pay more than the car is worth, so if that’s only a few hundred dollars, don’t pay for the collision coverage. This may save you some good money and it is only one phone call away.

Bundle Policies:

Bundle Policies
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Many vehicle insurance purchasers overlook this option. If you insure your home or have renter’s insurance and insure your vehicle with the same company, you can usually get a special rate.  In many cases, this may save you over ten percent a year. It’s easy, just call an insurance agent for your desired insurance company, and they’ll be glad to discuss this option.

Do Not File:

You do not always need to file a claim after an accident. If you are at fault, filing a claim might raise your premium. So, if you are involved in a small accident involving another vehicle, consider paying the other driver cash to get their vehicle repaired. Then, do not file a claim.

See, saving money just revolves around you picking up the phone and calling your insurance company to ask about these things! We hope you have enjoyed this article!

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