You can save money on car insurance and you can do so without going to extraordinary lengths to do so. Insurance costs continue to rise, but you can hold these increases in check by employing several proven strategies that are designed to save you money.
Your auto insurer is likely already familiar with your driving record and has a record of your driving history going back several years. Do not assume that this information is complete or accurate. If you have a flawless driving record, your insurer will typically reward you with a discount of at least 10 percent. Contact your insurer to ensure that your clean driving record is reflected in your current rates.
You can enjoy additional insurance savings if you insure at least two vehicles with the same insurance company. Such multi-policy plans result in discounts that are applied to your entire policy. The more cars insured, the deeper your discounts.
You can also realize savings by bundling your insurance plans. For instance, if you own a home or rent an apartment, or have some other insurance plan, your insurer will thank you for you business by offering you a discount on a bundled plan. Ask your insurance represent about discounts for multiple insurance plans or policies.
If you were single last year and are married this year, certain life changes can impact your insurance rates. Let your insurer know about your current marital status if different from last year.
You can also receive discounts if you are a college graduate or if your high school children are excellent students. Discounts for customer loyalty are also given.
If you have moved within the past year or have had made some other change such as a reduction of driving points for completing a driver awareness program, then your rates could be adjusted downward. Your credit score may have an effect on what you pay too — the higher your credit score, the lower your insurance rate. The opposite is true too.
The information your insurer has about your car should be accurate too. Typically, your agent will ask for the vehicle identification number or VIN, a step that will offer detailed information about your car including engine displacement, transmission and trim level. However, if you had aftermarket enhancements completed, including the addition of a security system, your insurer probably is not aware of this. Contact your insurer and review your car details to ensure that it accurately reflects what you are driving.