Car Insurance Premiums Too High? 3 Ways You Can Lower It
Car insurance is a necessity in almost every state if you drive your car, which will be another bill you need to factor into your budget. You may be looking for ways to get this bill as low as possible to make your car more affordable. Consider these 3 ways to cut back on your insurance costs.
Be A Safe Driver
Being safe when you drive can save you money in a couple ways. While you may believe that this simply means saving money by not getting into accidents, it goes beyond that.
Your car insurance company will look at your driving record when you get car insurance, with difference offenses having a greater impact on how much you pay. While a broken taillight will have a relatively low impact on your premiums, a speeding ticket that is over 10 mph will see a moderate effect. Severe driving offenses, such being convicted of a DUI, can see a significant effect.
Every insurance company will handle the effect of an offense in their own way. You may see increased rates for a period of time, or a surcharge added to your bill that will go away after an extended period of safe driving.
Increase The Deductible
Your deductible is how much you pay before insurance kicks in for a major repair. The less you pay, the larger your car insurance premium payment will be. While it can be a great way to save money by increasing your deductible, make sure you have the cash on hand to pay for it. If your deductible is too high and you cannot pay it, you will not be able to use your insurance if you do need to use it some day. It is a simple mistake that you may not realize until it is too late.
Drive Less Miles
The amount of miles that you put onto your car each year will affect how much you pay. Moving to a new apartment that’s closer to your job, carpooling with co-workers, or taking public transportation can help make your insurance cheaper. Just be sure to let your insurance provider know that you made these changes.
If you already are doing these things, you should consider switching to a car insurance that allows you to pay by the mile. For those that don’t use their car often, it can lead to big savings over time by only paying for your insurance when you use it.