How You Can Save on Car Insurance
Insurance is something every driver has to have, and it’s a big item in most people’s monthly budgets. The good news about car insurance is, there are many ways you can reduce your monthly premiums. If you own more than one vehicle, for example, or if you also insure your life or your house, you might get your insurance company to “bundle” your coverage. Bundled coverage provides all your policies, or at least several of your policies, from the same company. Understandably, insurers offer discounts to encourage you to get as much of your coverage as possible from them. Not only do bundled policies cost less, it’s also easier to manage your claims and billing by doing all your business with just one company.
Another easy method of lowering your auto insurance premiums is choosing a higher deductible. Raising your deductible always saves you money, but there is a catch: You absolutely must have the funds on hand to cover your deductible if you suffer a loss.
Get quotes from more than one qualified insurance provider. They may offer you a better deal on your car insurance premiums once they find out you are checking with the competition.
And if you are a woman, a student, a senior citizen, a member of the armed service, a member of AARP, or over 25, you also get price breaks on car insurance. If your insurer does not offer a discount for your group, you may want to consider coverage with another insurer who does.
You can save even more money on your premiums by taking driver education or defensive driving. You will have to save the certificate you get for completing the course, but when you present it you may get as much as 10 per cent off your policy for the next two year?a sizeable saving for a few hours in a class.
Keep in mind that where you live impacts your car insurance rates. Drivers who live in urban areas will pay more than drivers who live in rural areas. Drivers who live in high risk areas will also pay more for car insurance than drivers who live in areas considered less of a risk. This is another reason why you want to obtain more than one car insurance quote. Different providers look at and define risk differently. What may be considered high risk to one provider might be considered safe to another provider.
If you own a sports car or other high risk vehicle, considering trading it in for a safer car. Sports cars are classified as high risk because they are more prone to accidents and theft, and that means high car insurance premiums. But if you buy a car that isn?t considered high risk, you will have an easier time negotiating a lower rate on your car insurance premiums. See a qualified insurance provider for more details on what is considered a high risk vehicle.
Finally, ask your provider if there are any discounts they can offer. Many providers have their own car insurance discount programs that can help you save money. Regardless of your car insurance needs, contact a qualified insurance provider. They will be able to help you find the right coverage for your car.
Tom Martens is the content syndication coordinator for Carinsurancesa.co.za. South Arica?s leading car insurance portal.
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Tags: Auto Insurance, Automotive, car insurance, Insurance Cars, personal finance, vehicle insurance, vehicles
