Car insurance can be get pretty pricey, which is why it’s important to pay attention to your policy! Here are a few tips to help you maximize your savings. 1. Change your terms when necessary: If you have an older car, consider cutting collision coverage. Sometimes paying for collision coverage could cost more per year than your car is worth. Also be sure that when you are reporting your annual mileage you are not over exaggerating! Reporting correct information can save you some cash.
2. Safety systems: A car with a security system is less likely get stolen or broken in to. Insurance companies love that because it minimizes risks. Also, be sure to mention safety equipment including features like adaptive headlights, night vision, blind spot monitoring, collision prevention alert and lane departure systems. Some of these safety features may have a positive impact on your insurance rates.
3. Shop around: You probably compared rates when you were shopping for your car, so be sure to do it with your insurance as well! Some insurance companies may even try to match or undercut each other to win your business.
4. Bundling: Many insurance companies offer coverage outside of automobile insurance, and will offer better rates to customers that bundle their insurance policies. This can really lower your rate so it’s worth looking in to.
5. Usage based insurance: If know you’re a safe driver consider usage based insurance. Some insurance companies will provide you with small data recorder to plug in to your car that monitors your mileage, acceleration and deceleration and shares that information with your insurance provider. If you are really a safe driver you can realize up to a 25 percent discount in some cases.
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