The next time you get your insurance bill, do not call your agent to complain, instead, be proactive! Ask yourself, are you over paying for auto insurance? There are several ways to reduce your insurance premiums and thus save hundreds of dollars. Here are five tips we’ve put together to help you save on your car insurance.
Are You Over Paying For Auto Insurance?
1) Consolidate Your Insurance Policies
Are you overpaying for auto insurance? Do you pay insurance premiums for a house, an apartment or rental property? Does your household owns several vehicles? If that’s the case, you may realize significant savings by consolidating all your policies with the same insurer. They all offer discounts to consumers who entrust them with many or all of their insurance policies. In addition, if you choose the same company for your home and auto insurance, you will save on both policies. This could result in savings of $ 1,000 or more if you have a house and several vehicles to insure.
2) Breathe Through Your Nose And Avoid Speeding
Are you overpaying for auto insurance? Speaking of simple tricks, here is one. If you receive more than one ticket every three years, your premiums are likely to skyrocket. Also be aware that it may be profitable to fight your tickets, even if you have to use the services of a specialist. But if your main goal is to save money, it is clearly better to completely avoid tickets. To get there, try to have a relaxed attitude and avoid sources of stress. For example, the habit of leaving home early, especially if you live in an area where traffic jams are common. In addition, you should be methodical in your driving instead of being emotional. Studies have shown that it was useless to change lanes every two minutes, or refuse to let other drivers get into your lane. Not to mention that with a positive attitude behind the wheel, your blood pressure will be lowered and live well longer. The next time someone cuts your lane save 30 seconds, take a deep breath and relax.
3) Go For A Vehicle Which Is Preferred By Insurance Companies
Are you overpaying for auto insurance? If you have a high-value vehicle or an auto which is targeted by thieves, one important question to ask yourself is: are you over paying for auto insurance? And unfortunately, you most likely are. Vehicles that are targeted by thieves and those high in the collision statistics are often accompanied by much higher premiums which can results hundreds of dollars or more per year! When your uncle left you his Cadillac Escalade 2002, it seemed like a very good deal. Unfortunately and probably due to its eight-cylinder engine’s insatiable appetite and exorbitant insurance premiums, it most likely doesn’t seem like such a good deal anymore… By exchanging it or selling it to buy a smaller, less interesting vehicle to car thieves, you will reduce your gas mileage and save thousands of dollars on insurance premiums, and that, as long as you own your car.
4) Take Steps To Reduce The Risk Of Theft
Are you overpaying for auto insurance? Before you go looking for a new car, contact your insurance company to find out about rebates for an anti-theft device, and which devices your company recommends. All things being equal, it is always better to opt for a vehicle with a built-in theft prevention device.
Several cars are now equipped with technologies that prevent starting, unless you use the correct key code (or other coded device). If your vehicle does not have a built-theft prevention device, look up what the costs are to install one and compare what it will cost you per year in savings on your insurance premiums.
5) Compare Rates Online
Are you overpaying for auto insurance? It is recommended to on the Web at least once per year to compare rates and see if the premiums you pay are always competitive. Do not forget to declare all vehicles and properties covered, as well as speeding fines obtained during the last three years (they will see them anyway when calculating your premiums).