How To Lower Car Insurance Quotes

It definitely pays to find ways and tips on stretching your money, especially during these economically troubled times. The good news is, there are just so many possibilities to lower costs of living, if only you know where to look. One of the easiest ways to save up more is by knowing how to lower the insurance premiums you pay on your car. So if you are looking for ways to lower car insurance quotes, here are some of the tips to help you out:

1. Drop what you don’t need. Know exactly what types of coverage are included in the car insurance quotes that are given to you. Depending on your situation, there may be some parts of it that are unnecessary – for example, you could choose to drop the collision insurance if your car is more than 5 years old, and if you have a good track record on driving. You could also do away with the offered maximum life and disability insurance if you already have insurance that covers this adequately; or roadside assistance that is already generally offered by your credit card company.
2. Avoid buying trendy cars. Part of the consideration that insurance companies have in determining insurance rates is the type of car that you are insuring. They have records on what particular car makes and models are most prone to accidents and thievery, and these cars are usually sports cars and other flashy cars. So stick to practical and reliable family cars – this is really more beneficial, all factors considered.
3. Keep a good driving record. Insurance companies would also look into your driving record, to see how high of a risk you are in terms of driving accidents. For example, you may get lower insurance quotes if you haven’t had any violations in three years, or if you have low mileage per year on your car. There are other discounts that you could inquire about: if you are a student, you could benefit from discounts by getting good grades; or you could get lower rates if you are a loyal customer.



4. Have safety gear installed in your car. Safety and anti-thievery gear will show that you are a responsible driver, plus they’re really important for your and your passengers’ protection and your peace of mind. Some of the safety tools you could have installed include airbags, anti-lock brakes, and alarm systems.
5. Opt for higher deductibles. What is a deductible? This is the amount of money that you yourself will shell out in the event of an auto emergency. Higher deductibles means lower premiums that would have to pay up monthly. A good idea here is to set aside whatever you save on your monthly premiums, so you could have funds for your deductible in case of an emergency.
6. Know the other factors that affect insurance rates. Other factors that affect insurance rates include the state you’re in, your profession, your age, how far you usually drive (for example, if you regularly commute long distances or if you carpool to work) and your age.

There you have it! These are some handy tips that could definitely help you out if you are looking to lower your car insurance quotes. Remember, it pays to do comparison shopping between different insurance companies, to make sure you get the best deals available. Good luck!