7 Tips to Get Cheaper Car Insurance Rates
Reader’s Question:
I’m sick of having to pay a small fortune on my car insurance coverage rates. What can I do to change this?
Aimee
Elizabeth, NJ
You’re not alone; we’re sure many others all over the country are saying the same thing. Here are some tips to help you get a more pocket-friendly car insurance rate and coverage.
1. Know Your Discounts – Start by asking your insurer about discount options, especially if you’re not even sure you’re getting any. Low-mileage discounts, defensive driver discounts, good student discounts, and safe car discounts are just some of the many types available.
2. Streamline Your Policy – Aim to remove redundant/unused coverage items. If you have medical insurance you may not need to have Personal Injury Protection on your policy. Have an old clunker? Consider dropping comprehensive coverage to save.
3. Go with a Higher Deductible – Simply put, a higher deductible leads to lowered premiums. As long as you don’t raise it too high then you should still be fine when you do need to file a claim.
4. Be a Good Driver – Want to enjoy affordable car insurance rates for years to come? Make sure to keep your driving record clean.
5. Setup an Annual Payment Plan – Most companies today award lowered rates/ discounts for paying your policy a year upfront.
6. Bundle Your Coverage – Most insurers also give incentives/discounts for getting multiple policies or insurance coverage with them.
7. Shop Around – It wouldn’t be a bad idea to do a car insurance search online as well. Use insurance comparison websites like this one to get an idea about the latest rates and deals out there. A better, and more affordable insurer may your best option.
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