Purchasing car insurance is one of those unpleasant necessities of adulthood. You need to have it if you want to operate your car legally and responsibly, but the payments can be burdensome. However, most insurance companies offer incentives for desirable car ownership habits. Here are eight things you can do right now that may help you save money on car insurance.
1. Install Car Alarms
Insurance companies do not want to have to pay for stolen vehicles or items stolen from vehicles, so they do what they can to reduce this possibility. According to www.carinsurancecheap.net, many car insurance companies offer anti-theft discounts to their drivers. Installing an alarm or another anti-theft device on your car not only makes it less likely to be stolen or burglarized, but it can also save you money each month. Even better, most devices and kits are affordable and easy to install.
2. Install Air Bags
If you have an older car, it may lack certain safety features that are now standard, such as air bags, anti-lock brakes, and automatic seatbelts. The absence of these features not only puts you in danger, but it could also be costing you money, since some insurance companies raise their prices on cars they deem unsafe. If you decide to invest some safety updates, you can probably reduce your monthly insurance payments.
3. Install Trackers
If you have teen drivers on your insurance policy, then you have probably already noticed the spike in your insurance payments. One way to bring those payments back down is to install a tracking device in your car. These devices track your vehicle’s location and notify you if the driver exceeds a pre-set speed limit. Some even tell you if the driver deviates from a certain route or temporarily removes the device. Because these trackers may reduce the likelihood of your teenager getting in an accident, some insurance companies offer discounts for installing them.
4. Improve Your Grades
If you are a student or have students on your policy, then you may be able to reduce your payments by maintaining good graes. Required GPAs vary by insurance company, so check with yours to see if you are eligible. Now you have one more reason to hit the books instead of hitting “play” on your favorite Netflix binge.
5. Take a Defensive Driving Course
While some insurance discounts are targeted toward younger drivers, there are also exclusive discounts available for those who completed driver’s ed last century instead of last week. Some companies reduce their prices for customers over age 55 who complete state-approved defensive driving courses.
6. Pay It Off
Insurance premiums are paid in installations for a reason—they are expensive to pay all at once. However, if you have some extra money in your savings, then you may want to take advantage of your insurance company’s paid-in-full discount. You will pay less money over the course of the year, and you will have one less payment to remember to make each month.
7. Bundle Your Policies
Many car insurance providers also provide home and life insurance. Most of the time, you can save money on your individual policies by purchasing all of them from one company. Depending on the company, this can also simplify your payment schedule and improve your customer service experiences. Ask your car insurance company about their other types of coverage to find out if they would work well for you and your family.
8. Keep up the Good Work
If you have a proven history of safe driving, then do not change your ways—your insurance company may reward you. By going for extended periods without getting in accidents, you demonstrate to your insurance company that you are less of a liability. Many companies, such as https://www.carinsurancecheap.net will charge you less money to encourage you to maintain your good habits.
Shop and Save
Not all companies offer all these discounts, but most offer at least a few. Check with your company to find out if you have been missing out on any savings. It never hurts to find out what other companies are offering, either. You may be able to save even more by switching to a company that offers more discounts for which you qualify. So, shop around, save money, and remember to always drive safely.
