Car insurance is one of those annoying bills that we all have to pay. However, don't think you are stuck paying a high price for car insurance. There are a few ways to save on car insurance that don't take a lot of time. So pull out your last car insurance bill and check out these 6 ways to save on car insurance.
Bundle Your Coverage
Check to see if there is a discount for bundling your coverage. Most companies will offer a percent off when you have car insurance and home/rental insurance through them. It's a quick easy way to save a few dollars. Having multiple policies can often save you up to 20% off, so check to see if bundling the policies will help you save.
Shop Around
When we first got married we went with the car insurance company my husband had always used. After a year, I just wasn't impressed with price so I started shopping around. I was surprised at how overpriced our insurance was. With a few hours of my time we switched companies and saved hundreds of dollars. Getting at least 3 or 4 quotes can really save you a lot of money so make sure you shop around before going with a company.
Be A Safe Driver
I know this is kind of a no brainer, but obviously fewer accidents will help keep your insurance costs down. Rates can be much lower for those without speeding tickets and accidents on their record. If you already have an accident on your record keep in mind it will probably only affect your insurance for a few years. If you get a ticket, see if you can go to traffic school to keep your insurance down. Being a safe driver is an easy way to safe some extra cash on insurance.
Raise Your Deductible
One of the easiest ways to save is to raise your deductible. If your deductible is $500 see how much you will save by raising it to $1000. In the 16 years we have been married we have never paid the deductible, so I am glad that we have it set at $1000 instead of $500. Often, you can save $150-$200 dollars a year just by having your deductible raised to $1000. If you don't use your deductible for 4 years you will save money. It's an easy way to save on car insurance.
Remove Extra Features
Get rid of those extra features like free towing and unlocking services that you may not really need. The cost to have the towing services on your car insurance may cost more than it would cost to actually have your car towed. Why pay $30-$40 a year for a service you may not ever use. The same applies with rental coverage. Skip the extra features and save some cash. Spend a few minutes looking through your bill to make sure there aren't any unused features that you are paying for.
Check For Special Discounts
Check with your insurance company for any kind of special discounts they offer. You can get safe driver discounts, good student discounts, even senior discounts. We get a discount through our insurance just because we are Costco members. It saves us way more than the Costco membership costs us. You can even save money just by paying all at once or by automatically having it deducted from your bank account. Take a few minutes to find out from your insurance the special discounts you can receive to save on car insurance.
Saving on car insurance doesn't have to be so complicated. With just an hour of your time you can save hundreds each year. So take a few minutes and save. What tips do you have to save on car insurance?
