Save money on car insurance by following the tips
below to lower your monthly and yearly bill. Whether you drive a car, van,
mini-van, truck, or SUV, cheap vehicle insurance is a must. The
price of gas and repairs is higher than ever, and it is important to save money
where you can.
Below are some practical ideas to save money on car insurance for you and your entire family:
1. Make sure you have a good driving record. This seems simple, but it can really save you lots of money. Slow down when you drive; watch for red lights; use your turn signal; don’t drink and drive. Don’t be a reckless driver. Most insurance companies offer discounts for safe driving (i.e. no tickets/traffic violations on your record). Take advantage of this by following the law (it saves you money on tickets also!)
2. Pay your premium all at once—avoid extra fees for “installment payments”. It nearly always costs more to make monthly payments than to pay it in full. Yes, the full payment is higher, but one idea is to always use your tax return each year to pay the full premium. Another advantage to paying in full, is that you will not miss a premium and get your insurance coverage dropped.
3. Check into discounts you may qualify for. Ask your agent or
insurance company if you qualify for any common discounts on your premium.
These include discounts for belonging to AAA or AARP, discounts for having
multiple policies from the same insurance company (home and auto from the same
company), and discounts for vehicle safety features such as airbags.
4. Do not let irresponsible friends or family members drive your car. If your friend decides to take your car for a joy ride, and ends up crashing it or injuring someone, your insurance rates will go up. Also, you could be liable for injuries. Don’t risk it.
5. Raise your deductible. What this means is, if you have a $1000 deductible, you will pay the first $1000 of damages and your auto insurance company pays the rest. By raising your deductible to $1500, you would save money. Of course, this is somewhat risky, and I only would recommend this if you really are short on cash to pay your auto insurance bill.
Finally, NEVER risk being without auto insurance. It may seem like you are saving money, but the risk is far too great (besides it being illegal!) There are many ways to save money on car insurance, but being without insurance is NOT one of them.
Subscribe to the Debt-Free-Free-Moms Newsletter.
You'll find more information on ways to save,
recipes for healthy inexpensive meals, Coupons,
the latest news about budgeting and lots