It’s essential to have car insurance for financial protection when you’re on the road. Whether you have full coverage or basic liability, you should try to get a competitive rate. Thinking about ways to save on auto insurance? Here are some strategies that we think could help:
Make the Most of Multi-Car Discounts
If you’re insuring several cars with one company, the company will likely give you a better quote for each car than if you were insuring only one car. Insurance companies want your business, so they’ll provide you with bulk rates. They might even give you a deal if it implies that you’ll bring them more business. Some companies may also offer an auto insurance discount if you maintain other policies with them, such as homeowners insurance. For instance, Allstate offers a 25% homeowners insurance discount and a 10% car insurance discount when policies are bundled together. Ensure that you check if these discounts are applicable and available.
Be a Safe Driver
Since there are numerous distractions on the road, make sure to focus on your driving. This will help you avoid moving violations and accidents – events that would contribute to a rise in insurance rates. Depending on your driving record, you might also get safe driver discounts anywhere between 10%-23%.
Consider Taking a Defensive Driving Course
Often, insurance providers give discounts to those who have completed an approved driving course. Drivers might also be able to reduce their points on their licenses by taking accident prevention, defensive driving, or other courses. Check with your insurance provider about these discounts before taking the course.
Get Quotes from Competing Companies
If your policy is about to expire, and you’ve noticed a significant increase in the annual premium during the last few years, compare rates from other companies. Additionally, try to shop around for quotes every 1-2 years just in case there is a lower rate out there.
Try to Use Mass Transit
When signing up for insurance, the provider will give you a questionnaire to fill out. The form may require you to enter the number of miles you’re likely to drive the insured car every year. If you drive a car for three hours every day, you will generally pay more for insurance than someone who drives only one mile a day. If possible, use mass transit to decrease driving miles and save money. Ask your insurance company about its mileage thresholds, so you can get the best deal possible.