Best Tips to Help Cut Your Car Insurance Premiums

Feb 04, 19 Best Tips to Help Cut Your Car Insurance Premiums

Owning a car is a necessity – a costly necessity. Aside from the actual cost of the vehicle, there are other recurrent costs associated with owning a car such as its maintenance, fuel and car insurance. However, you don’t have to be broke to own a car. There are ways you can do to reduce these expenses, particularly on your auto insurance.

Below we list down some strategies to help cut your car insurance premium.

  1. Eliminating optional coverages

Chances are you’re unaware about the optional coverages included in your car insurance policy, such as collision and comprehensive coverage. If you have an older car, it may be wise to drop the collision coverage which provides coverage for any damage you cause to the vehicle. Consider weighing the cost of your chosen deductibles and the value of your car.

  1. Drive safely

The more moving violations and accidents you get involved in, the higher your annual premiums become. As such, you have to keep your record clean by avoiding speeding and staying out of accidents. This includes equipping your car with necessary safety accessories. For instance, if you frequently drive at night, you might need to invest in a reliable car light such as this 20-inch LED light bar reviewed at  Driving safely can save you 5% or more on you insurance premium.

  1. Use one insurance company

Consider using only one insurance provider for all policies you currently have. By bundling multiple insurance plans, you can ask for a discount for up to 10% of the total premium. This is a great way to save up on you car insurance.

  1. Choose a car that is less prone to theft

Insurance rates vary greatly due to many factors. Vehicles that are more likely to be stolen frequently have higher premiums. So, it’s best to drive a car that is less attractive to thieves.

  1. Choose a safe car

If you are just planning to buy a car, make sure to pick one that is considered a “safe car.” Take note that cars are rated on a risk scale and car models with far higher accident claims tend to be charged with higher premiums. Usually, these safe cars are equipped with added safety features that protect its occupant in case of a crash. However, if you already have a car and it happens to be rated as a high-risk car, you should install additional safety features. Installing an LED light bar like this can help make your car safer.

  1. Change your tires seasonally

Save up to 5% on your car insurance premiums by simply using winter tires. But more than just cutting on your insurance costs, this should ensure that your safety while driving on frozen roads.

  1. Compare car insurance quotes

Many car owners simply renew their current car insurance plan for convenience. Unfortunately, you might be overpaying for premiums. Car insurance rates regularly change. It’s best to get quotes from different insurers before renewal.

  1. Get discount for paying fully

Many insurance providers offer up to 10 percent discount if you can pay the full cost before its effective date. So, even before your present car insurance policy expires, begin saving up so that you can pay-in-full your new car insurance premium.

Make sure you don’t miss out on these tips and be surprised at how much you can actually save!


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5 vital car insurance factors before you decide

5 vital car insurance factors before you decideMany people are overwhelmed by the various options present in auto insurance. But it need not be so intimidating. You can actually customize the choices present according to your particular needs and of course your budget. But before that you should get the basics right so you can make the right choices. Frequently I see people make the wrong choices and suffer paying an unnecessarily huge sum, when they could have got a good deal by knowing the facts. So here are some tips that I’m sure will help in choosing the right car insurance and let you narrow down the choices and keep your finances in check.

Legal cover

The requirements for car insurance differs according to the state generally, but one important eligibility that remains the same all over the United States is the requirement of furnishing car insurance in some form or a financial liability proof. The rates of the insurance policy are influenced by many factors such as the insurance history, driving record and other related factors.

Options present

As I said before you have plenty of options that offer good cover for your vehicle and you. Read the descriptions and conditions of the various insurance policies, so you get a good grasp of the basics. Most important is, knowing the differences present between a comprehensive cover and collision insurance. You need to know about this before you request a quote from the online insurance sites or call an insurance agent directly. Careful driving habits go a long way in preventing many of the accidents and insurance claims that occur. Since nighttime driving is often the most dangerous, I use the LED light bar- check out this site for more info – for better clarity.

Get multiple quotes

expensive and nice carYou need to get quotes from more than three or four insurance companies. This will help you know the best quote and decide on the right policy that offers a more comprehensive cover.  Ensure you get the quotes for similar insurance covers, so you can compare properly. The rates differ from company to company and remember that a low quote doesn’t necessarily mean you get to save money. Likewise, a high quote need not always offer the best cover, so look at the coverage amount, price, claims, benefits and other services properly, before you decide on the insurance cover.

Look for discounts

It is true; discounts are available with most insurance policies, if you know to look for them. Some companies offer group discount, if you insure more than one vehicle with them or stay for a minimum of four or five years with the company. This way you can save a considerable sum. So don’t forget to ask about any discounts the company is offering for the various policies.

Additional features

Some companies offer optional coverage where in the rates will not increase in the event of an accident and some even offer roadside assistance. Coverage for loss of car use where the company pays for the rental car or for expenses incurred for transportation is also done. So be sure to check out these features, when you look at the policy.

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Car-Related Factors That Affect Your Insurance Rates

Oct 17, 15 Car-Related Factors That Affect Your Insurance Rates

There are many other factors that can either raise or lower your overall insurance rates. Two most obvious factors include the amount of deductibles and the amount of coverage. But aside from these two, there are still a lot of factors that come into play when determining your insurance costs.

Demographic factors such as age, gender, marital status, profession, geographical location and credit score are a few factors that affect insurance in various ways. But these factors are not as significant as the condition of the car you drive. So here we take a look at some car-related factors that may affect your insurance rates.

  • Car Safety Rating 

be safe while driving or this will happenIf your vehicle has a high safety rating, then the chances of unwanted accidents or damages are lower – thus, the insurance rates are likely to be lower. On the other hand, if your car lacks safety features, expect to pay higher premium.

There are several factors that determine safety rating, which includes the possibility of the vehicle owner and passengers being injured in an accident. Automatic seat belts, airbags, emergency braking system, and traction control are some safety features that can help lessen the likelihood of accident and injuries. Of course, other car accessories, such as LED light (find out more here), can help keep your vehicle safer but will usually have no effect on your insurance rates.

  • Vehicle size

Compared to larger vehicles, smaller vehicles have higher risk of getting into trouble, that’s why they also come with higher insurance rates. Normally, larger vehicles with reliable safety features will tend to have lower premiums. In contrast, smaller cars with larger engines, such as sports car, will have costly insurance.

  • Vehicle age

Newer vehicles will usually have higher collision coverage rates than older ones, thus they also come with higher premiums. Some people who own very old cars would even drop the collision coverage and instead save the money to purchase a replacement in case of an accident. Moreover, owners are more likely to replace an older vehicle instead of spending on costly repairs.

  • Possibility of theft

Luxury cars are more likely targets of thieves and other lawless elements. If your vehicle is a hot item for thieves, then you can expect higher rates. However, you can invest on anti-theft features, such as alarms, to help lower your premium.

Aside from these four car-related factors, your personal driving record can have a major influence in your insurance costs. Having a bad record can raise your premium; some insurance providers may even refuse your application. Moreover, insurance companies would also consider your driving activity. The distance you drive, how often you drive and the types of roads you drive on can all affect the likelihood of an accident. Obviously, if you drive more, there’s a higher possibility of an accident and therefore a higher rate.

Knowing these factors can help you make a more informed decision when purchasing auto insurance. And more importantly, you can do things to help lower down your rates.

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