Seven Ways to Save on your Car Insurance
There are a number of ways which you can save on your car insurance. Here's a list of seven that could end up saving you thousands of dollars over a lifetime.
Raise Your Deductible
By raising your deductible you're assuming more risk. Naturally when you assume more risk, your premiums will go down. The original purpose of insurance was to share some of the risk involved should a loss occur.
Ask for Discounts You May Qualify For
There are many discounts that vary by company. Some of the more common discounts are:
- Good Student Discount
- Defensive Driving Discount (see link on this page)
- Anti-Lock Brakes
- Air bags
- Hybrid Car discount
- Day-time running lights
Package Your Auto With Your Homeowners Insurance
By insuring your cars and home with the same company you can many times save up to 10% or more on your insurance premiums.
Ask Your Independent Insurance Agent to Compare Companies
Unlike captive agents like those at State Farm and GEICO, independent insurance agents represent many top-rated companies and can do the shopping for you. Companies vary in their risk appetite and that provides an opportunity for you to save money on your insurance.
Pay Your Premium in Full
Simply paying for your insurance in full can save you up to 10%.
Drive Safe and Keep Your Driving Record Clean
A poor driving record costs you money. Whether it be an accident or speeding violation, insurance companies assume that past experience is a predictor of the future. So slow down.
Improve Your Credit Score
Something that is relatively new to how companies calculate what you pay for insurance is your credit rating. Statistics have shown that individuals with poor credit ratings are more of a risk than those with higher scores. There are many things you can do to improve your credit score including these from MSN Money.
About Kallman Insurance