You Don’t Need a Gecko to Lower Your Car Insurance: 4 Tips Anyone Can Use
Friday, October 11, 2019, 6:00 AM | Leave Comment
There are plenty of advertisements that claim that a certain company can help you save on your car insurance, but what they’re not telling you is that cost for every driver is different.
Auto insurance is highly driven by statistics, and your own record is a much bigger indicator of what you’ll pay.
As such, there are tips like the four below that any driver can follow to save a bit of money.
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Maintain a Clean Record
Auto insurance companies always want to insure drivers that produce less of a risk. Low-risk drivers mean that they’ll have to pay out fewer claims, thus making the company more money. These companies attract low-risk drivers by offering them very favorably rates for coverage. If you want to lower your premiums, the most effective way to do so is to prove that you are a safe driver. Take the time to dispute charges and file to have old marks on your record removed so your rates don’t rise with every ticket.
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Ask for a Higher Deductible
There are two factors that tend to go into the cost of auto insurance. The first is your monthly premium – the amount you pay per month. The other, though, is your deductible. The deductible is the amount of money you have to spend before the insurance company will pay for repairs or compensation. If you want to decrease your premium, the most effective way to do so is usually by getting a higher deductible. While this may cost more in the case of an accident, it will save you money in the long run by taking down your monthly payments a significant notch.
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Get Group Insurance
Insurance can be a great deal more affordable if purchased through an employer than on the open market yourself. Employers are able to reduce the cost of payments and rates in plans, and many are offered specialized deals in return for using a specific insurance plan. While this generally applies more for home or life insurance policies, home and auto insurance is often bundled together in specialized plans that are offered to employees of large corporations.
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Negotiate
Finally, go into this process armed with knowledge. Get a quote from one company, and then ask another if they can beat that quote. Don’t be afraid to go back and forth between the two companies to see how low you can get them to go. There is usually a lot more room to negotiate than most agents will admit, and patient customers can get very low rates. If you go online and compare quotes between auto insurance companies, you’ll likely find that many companies are willing to lower their rates to match a competitor’s.
If you’re looking to save money on car insurance, you don’t need to follow a clever spokes animal. Instead, just make use of the four tips above. They may take a little effort to put into place, but they will always save you money.
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