Saving money wherever you can is important to all of us. Car Insurance should be no different. Do not assume your insurance agent knows everything about you and your car.
Drivers should take advantage of all
discounts that many providers offer, that can significantly reduce the
cost of car insurance.
There are discounts for Car Safety features.
Certain states will give you discounts for anti-lock breaks. Make sure
you know if it is two or four wheel anti-lock break vehicle. Automatic
seatbelts and airbags are frequently discounted on your insurance
premiums. In most states, a defensive driver class discount may apply.
If the principal driver usually 55 years old or older has completed an
approved defensive driving class a discount could apply. Keep in mind
that most states will only approve this class if it is voluntary.
Some insurers will give you a discount for having multiple cars. In some cases, this will only apply if you have two or more drivers.
Many insurance companies will reward you with
staying with the same insurance company for many years without any
accidents reported. They will offer you a renewal discount. Some
companies honor you with a discount if you had prior limits on your
previous policy.
For people who own older cars, it may not be
necessary or cost-effective to protect them with collision and
comprehensive coverage. By comparing the book value of your vehicle and
the premium that the insurer has offered, you may find that it cost as
much for the insurance as it does for the vehicle. If the car is worth
less than $2,000, you will probably spend more insuring it than it is
worth. The whole idea of driving an older car is to save money, so why
not get what is coming to you.
In addition, keep in mind that the type of
vehicle you buy could greatly affect your premium. A flashy red sports
car is usually going to cost more to insure than a mid-sized Sedan. If
you chose higher deductible on your Personal Injury Protection or
Comprehensive and collision coverage will lower your premium as well.
The deductible is the amount of money you have to pay before your
insurance company begins paying the rest.
