Here are some great tips to help you save money on car insurance.
1. Increase your deductible
One way to save money on car insurance is to increase your deductible. A higher deductible results in a lower premium. Remember that in case of accident, you will have to pay the deductible. So don’t lift it so high that you can’t afford to pay for it if you ever get into an accident.
2. Take a driving safety course
Did you know that with a course in driver safety, you can save money on your policy? Many companies offer discounts for customers who take an approved driving course. See if your insurance company could offer you a discount for that.
3. Choose your car wisely
You may not be in the market for a new car right now, but if you’re thinking of buying a new vehicle, choose wisely. When shopping, don’t just look at the sticker price on the vehicle. Certain cars are more expensive to insure than others, so you could end up paying a lot more in car insurance than you expected if you bought this beautiful sports car instead of the four-door sedan. Cars that are more likely to be stolen or that have parts that cost more to replace will be more expensive to insure. Keep this in mind when you decide to buy a new car.
4. Drive less
You may be wondering how you can save less money by driving Car insurance. Well, many companies offer discounts for people who meet certain low mileage requirements. Start by carpooling to work or school. It could not only save you money for car insurance, but also money for gasoline!
5. Compare offers from multiple companies
company car finance
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Wendy is now a financial analyst and writer. Wendy has been writing about finance and personal finance since she was a sophomore in high school. She has also been writing for several online publications and published in The Huffington Post, and Forbes Woman.
Wendy is a credentialed financial analyst and has experience working with financial institutions and businesses. Wendy is also a certified financial planner. When Wendy's not writing, she enjoys tending to her many plants, watching TV, and spending time with her family.
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