How To Cut Costs on Car Insurance

Check our tips on how to cut costs on car insurance and use our website to get free online car insurance quotes:

  1. @ autocarPark your car in a garage. Parking your car in a garage has obvious advantages and insurers prefer cars to kept in garages overnight or when you are not planning to drive for a long period of time.  Using a garage diminishes the risk of your car stolen and odds your car to be affected by extreme weather.  This will be felt in your car insurance cost, especially in the case of comprehensive auto insurance.
  2. Raise your deductibles. Agreeing for a higher excess will surely lower the premiums, but will put more financial responsibility on your shoulders when an accident happens.  Be careful: raising the deductible can have some negative consequences, especially if you have low-value car.
  3. Drive a safe, low-risk and mass-produced car. Powerful, sporty luxury cars are always the most expensive to insure. These cars have the power to go extremely fast, and insurance companies know their drivers are more likely to push the pedals. These cars also cost a fortune to repair and are favorite targets for thieves — all situations your insurance company wants to avoid. Family-friendly vehicles including minivans, sedans, and smaller SUVs cost the least to insure. Their drivers tend to be more careful, ultimately making fewer claims. These vehicles are easy to fix and they aren’t quite as desirable for thieves.
  4. Keep good credit score.  Studies show that more and more insurance companies look at your credit score to determine the rates.  If you have good credit score, the insurer presumes that you are also responsible behind the wheel.  A rock-bottom credit score could mean you’ll pay double, triple, or even quadruple over someone with a perfect credit score, given that all other factors are the same.
  5. Bundle policies. Almost all insurers will give you discounts if you buy more than one policy.  For example, you can get attractive discounts if you buy from the same insurer car, life and home insurance. Also, if you insure more than just one car under the same policy, you will get a discount.

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