Due to the increasing prices of vehicles and the litigious nature of our society, the rates of car insurance are on the rise across the country. Although insurance isn’t likely to come down in terms of price anytime soon, here are some tips that can help minimize the burden on your wallet:
Multiple Drivers And/or Cars
If you obtain a quote to insure a single vehicle from an auto insurance company, you are likely to end up with a higher quote per vehicle than if you inquired about insuring several vehicles or drivers with that company. Since insurance companies want your business, they will offer what amounts to a bulk rate. Under some circumstances, if it means you’ll bring more of it, they might even be willing to give you a deal.
Check with your insurance agent to see if you are eligible. Usually, multiple drivers must be related by marriage or blood and must live at the same residence. For two unrelated people to be able to obtain a discount, they need to jointly own the vehicle. You might need to pay more to insure teen drivers.
You need to be a safe driver. Although this should go without saying, in today’s age of increasing distractions, this should be mentioned as clearly and as frequently as possible. The more mindful you are, the more likely you are to avoid violations or accidents – events that would otherwise raise your insurance rates. Depending on your driving record, insurers offer safe driver discounts of between 10% and 23%.
For those who are unaware, points are given to a driver for moving violations, and higher points lead to higher insurance premiums.
Enroll in A Defensive Driving Course
Certain insurance companies also provide a discount for those who complete an approved defensive driving course. By taking accident prevention, defensive driving, or other such courses, drivers may also be able to reduce the number of points they might have accumulated on their licenses.
Before you sign up for a class, ask your insurance company or agent about this discount. It is crucial that the cost of the course and the effort being expended translate into big enough insurance savings. It is also crucial to sign up for an accredited course; every state has its own rules about defensive driving courses that are accredited.
Some other tips to reduce your insurance costs include shopping around for better premiums, using mass transit, increasing your deductibles, improving your credit rating, and reviewing comprehensive coverage.