How to Save Money On Car Insurance

7 Ways and tips to To Save Money On Car Insurance

in this article we will talk how to save money on car insurance, we will be going over seven simple things that you can do to pay less for your car or auto insurance

let's get started

1- Shop around :

now the reason why shopping around is important is because different insurance companies value different things,

so let's say now you're a new driver you've had your license for two years and you don't have any tickets and any accidents they have a completely clean record but the insurance company that you're with values more experience more than a clean record.
you're probably not going to get a good rate because they don't value what you have to offer as much if you shop around you can probably find an insurance company that's gonna actually value having a clean record even if you have very little experience which will mean that you'll pay a cheaper price

2- increase your deductible :

the second tip that you can save money on car insurance is to increase your deductible.

now the deductible is basically the price that you have to pay whenever you are going through with an insurance claim to sum it up into layman's terms .

so by increasing your deductible you're gonna have to pay more whenever you have to go through an insurance claim but your premium will likely go down so it's a trade-off if you go through a claim if you get into an accident and you need repairs you're gonna have to pay more but your your monthly premium will go down so it's a trade-off you know you you're gonna win a bit but you're also gonna lose a bit it all depends on your situation.

3- bundle your insurance plans:

when you take multiple insurance plans and you bring them to the same insurance company they're more likely to give you a deal because it's like you're referring another customer to them but that customer is going to be you okay so let's say you have car insurance house insurance and like jeweler insurance for an expensive watch or for like a wedding ring or something like that so what it comes down to is this if you bundle your insurance plans gonna be paying more to that company but they're gonna give you a deal / insurance plan

so let's have 800 bucks a month for my car insurance and then I'm paying $100 a month for my home insurance to a different company if I bring both of those to this company instead of fait 200 and total they might give it to me for 180 because I'm bringing all of the business to one company.

4- keep a clean driving record:

now your driving record is basically a compilation of any tickets that you've received and basically any accidents that you've been in and anything else has happened when you've been driving or in the car so with that being said if you've been in many accidents and you have many tickets then your insurance company's gonna have to charge you a high rate simply because you're more likely to cost them money so they got to collect more money up front because an insurance company is essentially a business so by keeping a clean driving record the insurance company knows that you're less likely to cost them money so they can actually charge you less per month number

5- maintain a good credit score:

now here's how your credit score will affect your insurance premium your credit score basically is your likelihood of paying what you got to pay so if you are unlikely to pay what you have to pay by having a low credit score your insurance company has to charge you more per month to make up for that .

let's say they think that in a 12-month policy you're gonna be paying for 10 months and then you're gonna disappear for the last two months you're not gonna pay for the last two months they have to make you they have to make you pay more because they expect you to only pay for 10 months so they gotta make you pay more per month and if you pay for 12 months well guess what that's when your why your premium is so high it's as simple as that so maintain a good credit score.

6- change the car:

now this one is more of an extreme but by changing the car you're going to be in a very good position to potentially lower your insurance if you're driving a car that is a high-risk car or commonly gets stolen or is likely to get into an accident you're probably gonna pay a high price for insurance for that car if you can manage to get a different car that looks better in the eyes of your insurance company then you might pay less so before you sell your car and buy a different car check out how much money you're gonna see and figure out if it's worth it or not

7- remove parts of the policy:

now here's the thing your insurance plan is basically composed of many different parts of a policy so you have a policy and it has many different parts and amounts within it if you change the parts or the amounts of that policy just like I said with the deductible then you can likely lower the premium amount but you won't be covered for as much so once again it's a trade off if you change up the policy by lowering the amounts or changing the amounts or removing parts of the policy then you might be less but you're not going to be covered for as much it's as simple as that it's a trade off you went a bit and you lose a bit it all depends on your situation and what you're looking for in your insurance plan .

Best Ways To Save Money On Car Insurance