Drivers in the USA pay an average of $1325 per year for full auto insurance coverage, reports Insure.com. Combine this with the fact that all state governments, with the exception of New Hampshire, dictate car insurance as mandatory and you know there’s no escape from the expenditure. Here are five ways to get discounts on your car insurance:
Auto And Insurance
1.Combine your auto insurance with other insurance
Do you have other things that need insurance? Maybe a family member’s car, a house, or your household items (if you are renting). If yes, you may be able to drive down the rates for both policies if you get them both from the same insurance providers. In such a situation, the company makes an additional sale without the usual effort and has to background check only once so it is happier to give you a lower rate and/or to expand your coverage.
2. Shop around for cheaper car insurance online
Shopping around is the most intuitive way of getting a better price on about everything. It applies for auto insurance too. But how do you do it? Start by heading over to a website that aggregates and compares car insurance rates for your profile. Beware that such websites earn profits by referencing you to insurance providers and therefore may put their affiliate commissions before your interests. Always double check with an insurance agent who deals with several insurance companies.
3. Bring out your report cards
A good driving record is an indicator that the driver is less likely to be in an accident. In addition to this, insurance providers think that people who did well at school or university are more scrupulous drivers. Point out your GPA and any road safety programs you took to your agents to negotiate a lower insurance rate for your automobile.
4. Keep an eye on your mileage
As the reading on your odometer goes up, so will your auto insurance rate. Simple reason: more time on road means more exposure to accidents. Try to get a rough idea of the number of miles you drive each year. If you want to take a road trip that will trip this number, consider borrowing a friend’s car or even renting.
5. Theft-proof your car
Every 26 seconds a car is stolen in the USA and insurance companies pay attention to this fact. Simple anti-theft measures like locks for tires, steering wheels, gear shifter and brake pedals cost less than $100 each. However, insurance companies can be partial to some anti-theft measures over others. If you live in an area vulnerable to natural calamities like storms, having a secure shelter for your car may also be able to drive down your insurance rates.
From the obvious, like a clean driving record to the weird, like good university grades, auto insurance companies use many yardsticks to calculate your probability of making a claim. If you feel a particular factor highlights your commitment to being a better driver, owner, or renter, don’t wait for your representative to bring it up.