The 9 Most Effective Tips for Saving Money on Car Insurance

Is saving money on car insurance possible without skimping on coverage?

Saving Money on Car InsuranceResearching saving money on car insurance? There are some things affecting your insurance rates that are beyond your control. Age and gender are two major factors for car insurance companies you just can’t fix. Young males are among the most expensive drivers to insure. Overall rates tend to drop after age 25. Statistics inform insurance rates, and young people tend to get into a lot of accidents.

Another thing that is at least partially out of our control is location. Policy options and rates differ from state to state, and rates can change depending on what part of a state you live in. Moving to get lower car insurance rates is probably not feasible for most people. But there are plenty of other things everybody can do to lower their premiums. Here are the nine effective tips for saving money on car insurance:

1. Do some comparison shopping.

This is most consumers’ first step in their search for lower rates. Ask five companies for quotes, and select the one that makes the most sense for you.

2. Bundle your car insurance with renters or homeowner’s insurance.

Combining your policies with one company will often give you a significant break on your rates.

3. Fix your credit score.

The worse your credit is the more you pay for lots of things like mortgages, credit card interest rates, and car insurance. Get a copy of your credit report and identify the things that are having a negative impact on your score. Contest erroneous entries. Pay down debt. Provide the reporting agency with proof of payments and ask the agency to remove the negative entries from your report.

4. Consider getting a different vehicle.

Some cars are more expensive to insure than others. If you can stand to downgrade your car, you could save a ton of money on your premiums.

5. Increase your deductible.

The higher your deductible is, the lower your monthly premiums will be. If you could afford to pay more in the event of an accident, there’s no point in paying higher premiums than you have to.

6. Find out if your insurance carrier offers discounts, and take advantage of them when you can.

Some insurance companies will offer student discounts, multi-vehicle discounts, and new car discounts. Some will even give you a deal if you sign up for paperless billing.

7. Pay your six-month premium in advance.

If you can afford to pay a large sum twice a year, your insurance company will probably give you a small break. This might only save you 2-3% off your six-month premium, but something is better than nothing!

8. Let your insurance company monitor your driving habits.

Some insurance companies can install GPS devices in your car. With this device, they can see how often you speed or have abrupt stops. They will compare how often you drive during the day versus at night.

9. Be a safe driver.

Not everybody knows that the more claims you file, the more expensive you will be to insure. Traffic tickets can add points to your driving record, and those points can also drive up your rates. Make good choices behind the wheel and you should get reasonable insurance premium quotes.

Title Tree Wants to Help While You Save Money on Car Insurance

When times get tough, people will look far and wide to find ways to save money. Car insurance is one of those bills you can often decrease. A small break on your insurance premiums could alleviate the economic pressure. Even if you’re working to save money on car insurance, you may need a title pawn to help you in the meantime. Come on into Title Tree, and we can help you get the cash you need.