Car insurance is one of those bills you really can’t go without paying. If you’re going to own a car, you’re going to need to have insurance on it. However, that doesn’t mean you need to spend an arm and a leg on car insurance. In fact, with the right tips and know-how, you can actually save a lot of money on your car insurance in many easy ways.
Let’s take a look at some easy ways to get your payments down.
Don’t just sign up with the insurance company with the flashiest commercials. Car insurance isn’t like buying groceries: the brand names aren’t going to be noticeably different from the “off-brand” stuff. If you know what kind of coverage you feel comfortable driving with, and don’t mind the idea of having higher deductibles, you can get your car insurance payments pretty low.
Many drivers go years without getting into an accident. If you drive carefully and avoid high-traffic areas, you might never need your car insurance to actually cover any damage. In these cases, it’s okay to have a low monthly payment on your car insurance but a high deductible. If you never make a claim, the only thing you really need from your insurer is proof of insurance so you can legally drive.
This is especially true if you drive an older vehicle. The average car on the road is nearly twelve years old, according to Car and Driver, meaning that most people don’t need that much coverage for accidents. Check how much your car is worth on directory sites and see just how much coverage makes sense.
If you’re driving a brand-new sports car, of course, you’re going to want top-of-the-line insurance. However, for the average driver in a ten-year-old SUV, a ton of coverage just doesn’t make any financial sense.
If you get your homeowner’s insurance and car insurance through the same company, odds are good you could get a discount. It doesn’t hurt to ask your insurer about any discounts they might provide, either. Maybe they’ve got a paperless discount for people who use electronic billing, or a discount for people who have taken a safe driving course.
The best advice, of course, is to simply drive safely and avoid accidents. The safer you drive, the less your car insurance will cost you in the long run.