4 Ways To Decrease Auto Insurance Costs In The Spring
There are a lot of ways to save money on auto insurance. Some of them can save you a lot more than others. For instance, did you know that your good credit can save you money on auto insurance quotes? Insurance companies have found a correlation between those with good credit and those with good driving records. It seems that the better your spending habits are, the better your driving habits are and the better your auto insurance quote will be.
Another way to save money on auto insurance is to shop around and play the numbers game with the insurance companies. Get auto insurance quotes from several different insurance companies. Always try at least three companies and get auto insurance quotes every time your policy renews. Try to mix in different types of insurers when you get your car insurance quotes too. Try getting quotes directly from insurance companies and through your agent. You may get a cheaper auto insurance quote on your own. Talk to friends for ideas on other insurance companies you might try. If you are quoted a lower price, talk to your insurance company. They may match the rate, plus offer you loyalty rewards for additional discounts and savings.
Use your savings account to save on auto insurance premiums. Put your savings account to use by loading it up with $1,000 or $2,000 to cover any deductibles you might incur from an accident and choose a high deductible on your policy. You’ll earn interest on the money while it sits in the bank and save hundreds on your auto insurance. You could also use this same technique to save money on insurance for older cars. Keep enough money to cover the market value of your car in the bank. If there is a total loss accident, you’ll have no trouble replacing the car and you will have saved hundreds in premiums.
Discounts are another way to save a lot of money on your auto insurance. Companies offer discounts as a way to retain long-time customers who have always been good drivers. Ask if loyalty rewards or accident-free discounts are being applied to your car insurance quotes every year that you renew your policy. Companies change their pricing structure and incentives regularly, so never assume you’ll get the same discount from one year to the next. If you are only a few miles away from your workplace, be sure to ask if a low-mileage discount was applied to your auto insurance quote. Other discounts you might get include a multi-vehicle discount and multi-policy discount if you also insure your home with your auto insurance company. With so many options, it’s worth researching to keep costs low.