Is reducing your auto insurance premium important to you right now? It is possible for your rates to dive down, depending on your credit history, age bracket and on how clean your driving record is. But it would be better to lower the annual premium itself, and not just the rate. These are five quick and easy tips you can follow in order to reduce your auto premiums.
Try Going For A Higher Deductible
A low deductible isn't that advisable after all - you may want to pay more out of pocket and get a higher plan. Deductible can be defined as the amount paid before the start of your insurance policy. This way, you can cut down on your periodic premiums. But let us say your car is damaged in any way, the one true disadvantage of this strategy is having to pay a higher amount for initial expenses before making the claim.
Leave Your Car Parked At The Garage
There isn't any simpler way to reduce your insurance premium than parking your car at a commercial garage. By doing this you are reducing your premiums by approximately twenty percent. In a garage, the chances of your vehicle getting stolen or sideswiped are considerably lower. This could possibly be a telling factor when choosing between a preferred and standard rate, to use a more technical point of view.
Shop around and bargain
Nothing beats the traditional 'shop around to get a bargain' approach. Research extensively and come up with at least three price quotes when looking for an insurance provider. Make sure as well that you are evaluating their whole deal and not just the price.
Slight Reductions Through Defensive Driving Courses
Not many people are aware of this. You can enroll in a defensive driving course approved by state legislation, and slash your premium by about ten percent. Ask your insurance provider first, though, if you have made the right choice.
Reducing Your Coverage
Obviously, by getting less auto insurance coverage, you can pay less this way. But we advise you to exercise discretion if you should go this route. This might save money, but would also limit coverage.
Try Going For A Higher Deductible
A low deductible isn't that advisable after all - you may want to pay more out of pocket and get a higher plan. Deductible can be defined as the amount paid before the start of your insurance policy. This way, you can cut down on your periodic premiums. But let us say your car is damaged in any way, the one true disadvantage of this strategy is having to pay a higher amount for initial expenses before making the claim.
Leave Your Car Parked At The Garage
There isn't any simpler way to reduce your insurance premium than parking your car at a commercial garage. By doing this you are reducing your premiums by approximately twenty percent. In a garage, the chances of your vehicle getting stolen or sideswiped are considerably lower. This could possibly be a telling factor when choosing between a preferred and standard rate, to use a more technical point of view.
Shop around and bargain
Nothing beats the traditional 'shop around to get a bargain' approach. Research extensively and come up with at least three price quotes when looking for an insurance provider. Make sure as well that you are evaluating their whole deal and not just the price.
Slight Reductions Through Defensive Driving Courses
Not many people are aware of this. You can enroll in a defensive driving course approved by state legislation, and slash your premium by about ten percent. Ask your insurance provider first, though, if you have made the right choice.
Reducing Your Coverage
Obviously, by getting less auto insurance coverage, you can pay less this way. But we advise you to exercise discretion if you should go this route. This might save money, but would also limit coverage.