subject: 7 Tips That Will Save You Money on Car Insurance [print this page] 7 Tips That Will Save You Money on Car Insurance
You would probably say I'm crazy if I told you that you might be able to save over $500 on car insurance right now? And that You can do it all from Your home.
Here are seven ways that will save You hundreds of dollars on your car insurance if you put these tips into action:
1. Coverage You Don't Need, Drop it.
Do a car insurance coverage checkup every six months or so, even if it turns out that your current car insurance coverage is still the best on the market, you may just find out that you are paying for a part of your auto insurance policy that you no longer need.
Not only do insurance rates change quite often but your insurance needs change more often than you may think. If you have a new teenage driver or have added a new car to your policy or have moved to a new zip code or - well, the list goes on and on...
2. Look for New Discounts, there are plenty of them.
Don't assume that because you searched for all of the car insurance discounts available 6 months ago that now there are no new discounts. Different companies announce different discount programs in order to increase their market share.New opportunities for saving money with a car insurance discount program pop up all of the time.
3. Improved Credit Score will lower Your rates.
It is no secret that a better credit score will result in better car insurance rates.When you see an increase in your credit score don't let the opportunity slip by to check and see if this credit score improvement will result in an improvement in your auto insurance rates as well. You've worked hard to improve your credit score so why not spend a few minutes to see if that can only help you get a lower interest rate but a lower car insurance rate as well?
4. Use Credit Card to Pay Your Premiums
You can shave off 1 percent to 5 percent off of your total car insurance premiums just by changing your method of payment. With the average cash back credit card earning you anywhere from 1 percent to 5 percent cash back that's like getting a bill from your insurance company and then having to only pay 95 percent to 99 percent of the total instead of the full 100 percent!
5. Good student in Your house will save you money
All of the leading car insurance companies offer some form of good student discount. If your kids get good grades then you save money. Some companies offer savings for a lackluster C while most offer savings for you that range from 5 percent to 15 percent if your student maintains a B or an A on their report cards.
6. Take a Driving Course
For example, signing up for a defensive driving course will take up minimal time and it can save you money.Taking a driving course just one time can result in lifetime savings on your car insurance.Check with your car insurance company as to what type of courses and course providers they will recognize for a discount on your policy.
7. Check if Your Occupation Can Save You Money
Did you know that when car insurance actuaries calculate car insurance rates that they actually assign different risk classes to different types of occupations? Some occupations have lower car insurance rates while other occupations get assigned an added level of risk that increases their rates.
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