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Worrying about Car insurance? Here are few tips for you.

Car insurance is necessary to protect you financially when behind the wheel.



How Much Does Car Insurance Cost?

Car insurance costs are different for every driver, depending on the state they live in, their choice of insurance company and the type of coverage they have.



How to Save on Car Insurance Costs?

1. Take Advantage of Multi-Car Discounts

If you obtain a quote from an auto insurance company to insure a single vehicle, you might end up with a higher quote per vehicle than if you inquired about insuring several drivers or vehicles with that company. Insurance companies will offer what amounts to a bulk rate because they want your business.

If one of your drivers is a teen, you can expect to pay more to insure them. However, if your child’s grades are a B average or above or if they rank in the top 20% of the class, you may be able to get a good student discount on the coverage, which generally lasts until your child turns 25. These discounts can range from as little as 1% to as much as 39%, so be sure to show proof to your insurance agent that your teen is a good student.


2. Pay Attention on the Road

In other words, be a safe driver. This should go without saying, but in today’s age of increasing in-car distractions, this bears mentioning as much as possible. The more mindful you are, the more accidents or moving violations you’ll be able to avoid—events that raise your insurance rates. Travelers offers safe driver discounts of between 10% and 23%, depending on your driving record



3 .Shop Around for Better Car Insurance Rates

If your policy is about to renew and the annual premium has gone up markedly, consider shopping around and obtaining quotes from competing companies. Also, every year or two it probably makes sense to obtain quotes from other companies, just in case there is a lower rate out there.


Remember, cheap doesn’t always mean good, and going with the lower-priced company isn’t always the wisest decision. That’s because the insurer’s creditworthiness should also be considered.


4. Downsize Your Vehicle

Buying a huge SUV may sound exciting, but insuring a 5,000-pound, top-of-the-line vehicle can be more expensive than insuring a small (but safe) lower-cost commuter car. Some insurers will offer a discount if you buy a hybrid or an alternative fuel vehicle. Farmers, for example, offers a 5% discount





5. Get Discounts for Installing Anti-Theft Devices

Individuals have the potential to lower their annual premiums if they install anti-theft devices. GEICO, for example, offers a “potential savings” of 25% if you have an anti-theft system in your car.

Your insurance company should be able to tell you specifically which devices, when installed, can lower premiums. Car alarms and LoJacks are two types of devices you might want to inquire about.


If your primary motivation for installing an anti-theft device is to lower your insurance premium, consider whether the cost of adding the device will result in a significant enough savings to be worth the trouble and expense.


6. Research Additional Discounts

Insurers provide a variety of discounts. Check for discounts such as these:


  • Offers to let you pay the entire annual or six-month premium at once

  • Agreements to receive e-bills and documentation

  • Memberships in particular organizations or groups that offer discounts


Don’t be swayed by a long list of possible discounts. Compare both discount and regular prices from multiple insurers.




7. Ditch Coverage You May Not Need

You may not need all the bells and whistles in a policy, such as roadside assistance and car rental coverage. Go over your insurance policy line by line and ask about removing anything you don’t need.


Check with your credit card company to see if they offer roadside assistance benefits to cardholders, which might allow you to drop this feature from your auto insurance policy.

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