Great car insurance doesn’t have to cost an arm and a leg. Here’s how you can give your wallet a break.
If you think you’re paying more for car insurance than you were years ago, you’re not imagining things. In fact, ever since the 21st century came along, people have been spending more and more money on car insurance.
But what would you say if we told you there were ways to lighten your financial load — without cutting corners on your coverage?
Sounds good, right?! Well, any of these 6 tips can help you do it:
1. Shop around
If your insurance company seems to be asking for more and more every month, look for a company that offers better rates! After all, the insurance world is highly-competitive, so many companies will offer you a deal so that you’ll switch to them.
Whatever you do, though, don’t let another company talk you into dropping chunks of coverage. If an insurance company tells you that you have to lower your coverage in order to get a better rate, they’re not the company for you!
2. Be loyal
This may seem like strange advice considering what Tip #1 was, but stay with us! In many cases, insurance companies will offer a loyalty discount if you’ve been a customer for a couple of years. If your current company offers deals like these, all you have to do to get some relief is stay put!
3. Get the whole family involved
Sometimes, you don’t have to wait around for a couple of years to get a loyalty discount. Instead, all you have to do is sign all of your family’s cars up with the same insurance company!
Most insurance companies will offer you a discount if you insure two or more cars with them. And, since every car owner needs car insurance anyways, why not save some money by getting it together?
4. Check yourself before you wreck yourself
Every car insurance company in the world is going to set your rates based on the amount of risk you pose. If, for example, you have a ton of speeding tickets, you’re deemed more of a risk than the driver who’s never been pulled over. So, saving money on your insurance premiums can be as simple as following through with all of those good habits you learned in drivers’ training!
5. See if your car can chip in
Some car insurance companies will offer you lower monthly premiums if your car meets a certain fuel efficiency requirement. So, ask your company if they have a program like this, and find out what you have to do to qualify.
6. Head to the world wide web
Many insurance companies offer online-only service — meaning you can make changes to your policy, file a claim, and get questions answered on their website, instead of calling and talking to a live customer service representative.
But how does this save you money?
Like any other company, your insurance company can afford to charge you less if they have fewer employees. By cutting out all of those phone operators, your insurance company will get to save a ton of money — and they can pass those savings onto you!