Get The Lowest Car Insurance Rates With These Weird Tricks
When you're shopping online for car insurance, rates can vary big-time. Take Vermont for example. Insurance companies in that state offer a 50% price difference in premiums for basically the same type of coverage. Just how is that outrageous price fluctuation possible?
Well, there's no single method to the madness. Insurance companies have figured out how to separate the risky drivers from the safe bets. To set your car insurance rate, they start with your driving record. And then they consider less obvious variables.
If you're a decent driver who wants to save a little cash on your car insurance policy, here's how to find those hidden ways to save money on car insurance.
1) Get At Least Three Quotes
The more you shop around, the more likely you'll find the policy you can afford. Start with a free quote from Insurance Clarity. You'll see comparisons of the cheapest rates in your area, and then get personalized support from an expert agent.
Get your free car insurance quote today!
2) Drive Less
The more miles you drive, the more time you spend on the road--and the more likely you are to have an accident. Significantly reduce your mileage, and your rates will drop.
So, now's the time to reconsider your driving habits. Run your errands on the way home from work. Carpool to work. Grab a book, and take public transit instead. If you're retired, or you've started working from home, tell the insurer. When you cut down your mileage, you could see a five to ten percent dip in premiums.
3) Bundle Up
If you have home or life insurance, think about buying car insurance from the same insurance company. If you plan to get home or life insurance later on, compare rates from companies that offer all three. When you bundle insurance plans, you save money.
4) Pick The Right Deductible
If you get collision coverage, you have to pay a certain amount before your insurer contributes anything. That amount is called the deductible. You choose how much you want it to be.
How do you decide? Look at your driving history. If you're accident-prone, you're probably better off paying higher premiums so you can keep a lower deductible. If you're a decent driver, go for a $500 deductible or bigger. Just by upping your deductible from $200 to $500, you could cut your premium 15 to 30 percent.
Use Insurance Clarity, and see what you save!
5) Make A Move
Obviously, you're not going to pick up and move just to save money on car insurance. But if you're looking for a new place and deciding between a couple neighborhoods, check out their crimes rates. Because if you park overnight in an area with higher crime rates, your car is more at risk for damage. Your insurer will charge you higher premiums to make up for that liability.
Same goes for areas with lots of traffic and construction. Traffic congestion and roadside construction means fewer lanes, more signage, slower speeds, and more cars. It takes one last-minute lane change to turn a crowded traffic lane into a huge mess. So if you're torn between two places, let your car insurance rate be the deciding factor.
6) Buy A Home
Thinking of buying a home? Now you have a little more incentive from your auto insurance policy. If you own a home (instead of renting it), you'll pay lower rates. Because insurance companies like stability. And they think owning property, getting married, and having good credit are indicators that you'll pay your premiums and avoid bad driving decisions.
Find out how low your car insurance bill could be!
7) Go To Class
If you want to put your teenager on your policy, brace yourself for higher rates--no matter how many times you've tested them on their turn signals and parking skills. What you can do is look into discounts. Have your teen take an extra driver's ed class, and encourage them to get decent grades. Most companies will lower car insurance rates for a good student who's eager to be a safe driver.
If you're in that "senior" age bracket (age 50 and up), insurance companies think you're a higher-risk driver. They'll increase your rates because of it. Even if you think you're up-to-speed on the rules of the road, take a defensive driving course. Your insurer might reward you with a lower rate.
Why not see what discounts you get from insurance companies in your area?
8) Sign Up Online
Insurance companies are "going green"--and it's mostly to save some green. If you sign up for a policy online, they might take a little off your bill. You sign up sooner, and they spend less time and money processing your application. That means savings on both ends.
9) Add Safety Equipment
Insurance companies aren't just looking at the likelihood you'll get in an accident. They want to make sure you won't have huge expenses if it happens. Install the right safety equipment, and you reduce the risk of injury or death--and what your insurer has to pay to cover it.
So make sure you've got airbags, automatic seat belts, and anti-lock brakes. Think about getting a car alarm or LoJack (a tracking device in case your car gets stolen), and etching your Vehicle Identification Number (VIN) on your car. If you take the right anti-theft and safety precautions, you could get a 10 to 25% discount.
10) Go, Go Gadget
Some insurance companies even let you install a device that tracks your driving habits. Don't worry, they're not trying to spy on you. They're just making sure you get the right discounts. Because if you avoid speeding, making sharp turns, hitting the breaks, or driving late at night, insurers see you as a lower-risk driver. If they have proof, they might reduce your premiums by up to 30%.
Get The Best Rate With The Right Help
When you apply for a policy, insurance companies look at you as a number. They want to know your driving habits and your life circumstances, so they can decide how much to charge you for coverage.
So figure out which weird tricks will help you lower your car insurance payment. Then use Insurance Clarity to pick a policy that works for you!