If you have a pretty tight budget, it is very important that you cut back on spending in the areas that you can. More and more drivers are finding that they can get a better deal on a new car insurance policy when they go ahead and compare care insurance rates online. However, what most people don’t know is that your driving habits often play a major role in determining how much you can expect to pay for your monthly coverage. The best part is, there are some tricks to get lower car insurance rates which will be outlined below! (I compare auto insurance quotes).
How you drive often has a big impact on how much insurance companies charge you for your coverage. The number of accidents and traffic violations you’ve had in the past can cause you to pay more. Most states will limit how far an insurance company can look back at your driving record, but something as serious as a DUI can negatively impact your rates for up to 5 years.
What You Drive Matters
The age and make of your car is always taken into account when you’re shopping for coverage. Companies also charge a hefty premium when drivers look to insure cars with costly gadgets. Of course, no one is going to buy a new car just to save money on insurance, but if you’re shopping for a new car, consider how much you can expect to pay when it comes to insurance.
Putting less mileage in your car can also help reduce car insurance rates. Oftentimes, the amount you can expect to save will vary based on the insurance company you’re looking to sign with.
Take Advantage Of Discounts
It is shocking how many drivers don’t really take advantage of the discounts that companies offer. For example, bundling home owner’s insurance with car insurance is not a myth! You can save anywhere from 10 to 15 percent when you purchase more than one type of insurance from a company. Students attending college or students who get good grades will also often receive a decent discount.
Change The Coverage You Have
One of the ways you can get better car insurance rates is to simply forego the things that you don’t need. For example, if you don’t currently use road side assistance, but have been paying for it for quite some time, it’s time for you to change your policy. Many drivers even go as far as reducing their liability and bodily injury policy to the minimum mandated by their state.
However, the one thing to keep in mind with the latter mentioned is that if you do get into an accident, you are still responsible for paying the bills related to the accident. Even if you don’t directly have cash in your bank account, you may be required to liquidate all of your assets.
Keep in mind, there will always be a certain amount of money you will have to pay for your insurance coverage. However, if you are a safe driver and have good habits, you can be rewarded by paying less.