Do you feel like auto insurance is putting a massive dent on your financials? So true, auto insurance can attract hefty premiums if you go about it the wrong way. To help you save on auto insurance we have come up with a few tips.
Shop Around & Shop Early
There are numerous insurance companies offering different packages. As you will be the one to pay for the premiums be sure to shop around for the most ideal insurance company – one that offers you the desired package at the best price. Because you may have to go through lots of quotes it is best if you start shopping early – do not wait until it is time to renew the insurance – start shopping in advance.
Go Green & Save
Being eco-friendly not only saves our dear planet it can also mean extra dollars in your bank account. By opting for a green, eco-friendly, model you will qualify for a discount on your insurance.
Watch Your Mileage
If you do not have to ride in your car then don’t. This may seem absurd because you bought a car to improve your mobility and for convenience. However, if you keep you mileage down you qualify for a low-mileage discount from your insurer.
Separate Personal and Business
Did you know that vehicles that are used for business activities attract higher insurance coverage? If you car is personal use then keep it that way – use it only for personal purposes. By doing so your insurance coverage will be relatively lower than if you combine its use – both personal and business purposes.
Good Credit Score
Did you think that only banks and other financial institution are interested in your credit score? Insurance firm use your credit score to ascertain how much of a risk you are. If you have a good credit score they will view you as low risk and therefore lower insurance rates.
Group Auto Policy
Do you have more than one car? Perhaps you have two or more family cars? Insuring them separately can be quite expensive. It is a better option if you go for a group policy that will cover all the cars in your possession.
Good Driving Record
A good driving record – no accidents, no traffic violations, no DUIs – indicate you are careful driver. Insurance firms show a lot of love to careful drivers and will gladly lower your premiums. These tips will ensure you do not dig deeper into your pocket to maintain you auto insurance. Be smart and save on insurance.