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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Protect yourself and your home with flood insurance

If you live in a flood prone area, having flood insurance helps a great deal in preventing financial loss due to flooding. Even a few inches of floodwater can lead to enormous damage. In the US, between 2010 and 2014, the damage claim involved due to flood alone was over $39,000 in an average residential flood situation. And the premium paid annually for flood insurance was around $700 in a year.

Flood insurance is provided for renters, homeowners, and commercial and condominium owners. The cost varies based on the insurance amount purchased, the area covered, and the flood risk of the concerned property.

While considering flood insurance policy, you should discuss about insuring personal property as contents are mostly given optional coverage only. Since it is vital to protect your home along with its contents from floods, you need to consider the right coverage. Depending on the level of flood risk your home is subject to, the insurance premium would vary.

Low risk

If you live in a moderate or low risk locality, you can avail low premium insurance. Low risk areas are automatically eligible for preferred risk coverage, but if your home doesn’t qualify, you need to opt for the standard rates.

While flood insurance is not mandatory, any home can be vulnerable to a flood situation. Even those who do not come under the high-risk areas have claimed flood insurance and received assistance for damage from flooding.

Basement cover

The flood insurance policies generally cover the foundation elements of the house and the equipment needed to provide support to the building such as circuit breakers, water heaters, furnace etc. While the circuit breakers, water heaters, and furnace come under building cover, the freezer, dryer, and washers come under contents cover. To protect the basement from major damage due to floods having a proper SUMPPUMP is must.

Flood insurance does not however cover improvements done on basement such as ceilings, floors, finished walls, or other personal belongings.  To know a more detailed list, you should look into the flood insurance policy forms of your insurance policy provider, so you are not faced with any unpleasant surprises during a claim.

High risk

In case you reside in an area that has high flood risk, the only option available is the standard rate policy, which offers separate cover for contents and building.


The flood insurance premiums are calculated based on the year of construction of the building, location of contents, number of floors, building occupancy and location of the floor present at the lowest level for newer buildings, the deductibles you opt for and the coverage value you choose for the contents and building. In case of high flood risk locations, you should have flood insurance, especially if you have a mortgage for your home through an insured lender or federally controlled lender.

Other than homeowners, renters too are eligible for flood coverage at preferred rates. This ensures a low cost premium, while providing cover for the building and contents.

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Practical Ways to Keep Burglars Away

Oct 18, 15 Practical Ways to Keep Burglars Away

The FBI estimates that a burglary happens every 15 seconds. As such, it is wise to invest in a home security system. Not only does it give you peace of mind, but can also help cut your premiums.

Usually, insurance companies give 5 percent to as much as 20 percent discount for installing burglar alarm, dead-bolt locks and smoke detector. The more sophisticated and higher the level of safety the system provides, the bigger the discounts you can enjoy. You can talk with your insurer which systems they recommend to make the most out of this discount.

But aside from installing professional home security system, you can also do these practical ways to avoid burglary.

Tip 1: Set timer for your lights

When you need to leave your home for a while, you can install and set a timer to turn lights on and off during the day and at nighttime. This makes it appear that someone is at home.

Tip 2: Breakdown packaging

Burglars don’t just loot any random home; they usually do surveillance long before they attack. Don’t make your home their target by leaving expensive cardboard, boxes and empty packaging out at the dumpster. Breakdown all packaging and place them in a receptacle.

Tip 3: Invest in an alarm system

Professionally installed home security system can deter any attempts of intruders. Some alarm systems can even protect your home from fire and water damage. A wireless doorbell installed at every room can be a good alternative as you can press it in case of danger to alert others in your home. If you want to see some of these doorbells, Door Bell Base is a good site to visit.

Tip 4: Keep bushes low

A well manicured garden does not only make a home look beautiful and attractive but also keeps burglars at bay. Shrub, bushes and trees provide a perfect refuge for burglars as they sneak around your home. Make sure your garden plants are regularly trimmed so thieves won’t attempt to sneak around while you’re asleep.

Tip 5: Invest in motion-sensor lighting

If a burglar ever attempts to enter your home, these sensor lights will instantly put them in the spotlight. Sensor lights are very effective deterrents against unwanted intruders.

Tip 6: Add a dog in your household

Dogs are great home buddies as they keep your home safe and secured. They bark at the sign of an intruder which often shoos them away. If you are not into having a dog as pet, then you can pretend to own one by putting a visible sign outside your home. Just the thought of a dog inside the house can intimidate burglars.

Tip 7: Be friends with your neighbors

Nothing can make you feel more secure than knowing someone is looking out on your home. Get to know your neighbors and build trusting relationship with them so that whenever you need to be away, you can have them look after your home.

Combining these practical tips with home security systems can guarantee a safe abode for you and your loved ones!

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