You begrudgingly pay your car insurance premiums every month for peace of mind and to obey the law, but you hope you never have to file a claim. It’s impossible to drop your payments to zero unless you drive without insurance—which we don’t recommend—but here are the top tips to lower your car insurance premiums as much as possible.
Drive Safely and Less Often
Many car insurance providers offer safe driver discounts if you go a long time without receiving major citations or getting in an accident. To reduce incidents on the road, make sure you follow the speed limit, avoid tailgating, wear your seatbelt, and drive distraction-free.
Car insurance companies also give breaks for driving less. After all, your chances of getting into an accident decrease when you’re not on the road as much. Carpool, take public transportation, ride your bike, or telecommute if possible to reduce the time you spend driving.
Research Insurance Costs Before You Buy a New Car
The cost of owning a car goes well beyond the sticker price. Research how much it costs to insure different makes and models before you buy.
Investing in a car with better safety features, such as automatic braking and collision avoidance, along with better security features, such as anti-theft and engine cut-off systems, could be worth the lower long-term insurance payments. Buying an eco-friendly car or this year’s latest model may also help lower your car insurance premiums
Purchase Multiple Policies from the Same Insurance Company
Many insurance providers offer customer loyalty discounts. If you insure multiple vehicles, your motorcycle, home, RV, and boat with the same company, each policy is discounted to save you on your overall costs.
Park Your Car in the Garage
Because cars are more secure and less likely to be broken into or stolen when stored behind closed doors, you may receive a discount for parking your car in the garage overnight instead of on the street or in the driveway.
Look into Additional Discounts
Fortunately, car insurance is a competitive market, so different providers try to win you over by offering many discounts. Here are some you may qualify for:
- Safe driver discount
- Low mileage discount
- New car discount for brand new vehicles
- Alternative fuel discount for eco-friendly cars
- Multiple vehicles/policies discount
- Long-term policyholder discount
- Good student/college graduate discount
- Married driver discount
- Senior/retired citizen discount
- Automatic payments or paid-in-full discount
- Defensive driving course discount
- Farm or ranch vehicle discount
Set Your Deductible Higher (At Your Own Risk)
The deductible is the amount you agree to pay when you file a claim before your policy’s benefits kick in. A higher deductible usually results in a lower monthly premium. Of course, this means you’re left to pay more out-of-pocket if you get into an accident, so set your deductible higher at your own risk.
Compare Multiple Insurance Quotes
When insuring a new car for the first time, shop around and request quotes from multiple providers. The upfront quote from each company may differ, as can the discounts you qualify for. Each time your policy is up for renewal, consider shopping around again to see if you can find a lower rate elsewhere. The savings you enjoy could certainly be worth the effort!
Fix up Your Car at Scott’s Fort Collins Auto
If you get into an accident and need to file an insurance claim, be sure to visit Scott’s for the vehicle repair service you need to make your car road worthy once more. We’ll work with your insurance company to make the process as painless as possible.
For the car maintenance and repair work you need at an affordable price, please contact Scott’s Fort Collins Auto at (970) 682-4202 today. You can also schedule an appointment online.