Auto insurance doesn’t have to be as expensive as most people complain it is – and the best part is you probably have a big say in how much you’re going to pay for your auto insurance policy.
There are a myriad of factors that go in to figuring out how much your auto insurance policy is going to cost you – where you live, the type of car you drive, your credit score, etc. Thankfully, there are many variables that you have control over which can help make your auto insurance policy as least costly as possible.
Here are some simple things you can do in order to minimize your auto insurance costs:
- Be a good and defensive driver. It’s no secret that the more accidents you are involved in and the more moving violations you have on your record the more you’re going to pay for auto insurance. So, with that being said, try and drive the speed limit, pay attention to the cars around you and anticipate driving conditions.
- Do not EVER drink and drive. Aside from the terrible danger you pose to both yourself and other motorists, if you get nailed with a DWI, you’re going to need a good lawyer and some deep pockets for all the money you’re going to have to fork over to get any company to offer you auto insurance. And that’s only if you’re lucky enough to not have injured or killed anyone. Moral of the story – don’t drink and drive.
- Ask for discounts. Auto insurance companies offer discounts for almost anything you can think of – good grades, your education level, your job, having a short commute, etc. Call up your auto insurance company and ask them what sort of discounts you may qualify for. Realize, they’re not going to call you offering these discounts (they don’t mind if you over pay), so you’re going to have to be proactive and call them.
- Raise your deductible and stop submitting small claims. This is probably the easiest way to decrease your auto insurance bill. By raising your deductible, you will have to pay more out of pocket for repairs to your car should you be at fault for an accident (or your car is damaged by Mother Nature, on the receiving end of a hit and run, etc.), but it will lower your premiums, so in the end you should still come out ahead.
- Combine auto and home insurance companies. Do you own both a car and a home? It’s probably worth it to look at trying to get one company to cover both policies, as most major insurance companies will offer you a significant discount of one or both of your insurance bills.
Obviously, this isn’t an all intensive list of things you can do to easily reduce your auto insurance premiums, however the nice thing about this list is all of the items relate to things you control. Be a good driver, ask for discounts, raise your deductible and combine policies and you could be looking at a much lower auto insurance payment.