How to Save Money on Car Insurance

One way to save money on car insurance is to opt for a higher deductible. You may be pleasantly surprised at the reduction in your premium, but be sure to set aside the funds necessary to pay the deductible. You may also be able to receive a lower premium by taking a defensive driving course. There are many other ways to save on car insurance, so it is important to shop around before choosing the right one. Read on for a few tips. ky auto insurance quotes

Consider driving less. Many insurers charge higher premiums for drivers who commute more than one mile to work each day. If possible, take the bus or train instead of your car. You’ll also save fuel and insurance costs. Insurers base their risk assessment on your driving history, and less frequent trips mean lower rates. A collision or traffic ticket will take months to reflect on your driving record. Using a telematics device will provide data on your driving habits immediately, and your insurance premium will be significantly reduced.

Many insurers offer discounts to members of certain organizations or groups. Make sure to ask your employer if they have special arrangements for drivers with certain professions. If you drive several cars, you might be able to save hundreds each year. Taking a defensive driving course may also qualify you for a cheaper policy. If you have multiple cars, check with your employer for discounts. Insurers also reward group members with multiple policies. These programs are available for young drivers, too.

You can also cut out coverage that you don’t need. For example, if you own several cars, it makes no sense to pay for collision and comprehensive coverage if the total value of all of them is less than $3000. Further, if your cars are older, you may want to consider dropping collision coverage altogether. In case of an accident, you can still increase your deductible. Depending on your budget, this method can save you a considerable amount of money.

The easiest way to shop around for lower rates is to use a quote comparing tool online. These tools require basic vehicle information, as well as personal information, and you may be asked to list your current insurance provider. Once you’ve entered your personal information, you will be provided with multiple quotes from different insurance companies. You can compare and choose the one that fits your needs the best. You can also use this information to negotiate with your current insurer for a better rate.

Having good credit can lower your premiums. Many insurance companies use credit information to determine premiums, so if you have a good credit score, you may be considered a “low risk” customer. In some cases, you may even qualify for lower premiums if you have a low mileage driving record and a clean driving record. So, make sure you update your credit report and pay attention to your credit score before signing up for auto insurance.