Auto insurance is necessary for people to drive legally, but it can be a large expense. Finding ways to reduce the price of your policy can be helpful. Here are six tips you can use to make your auto insurance more affordable.
1. Seek Active Discounts
One of the most effective ways to access affordable auto insurance is to seek active discounts. Active discounts are programs or offers related to actions drivers can take to be safer or more vigilant. Common discount programs include defensive driving courses, the installation of anti-theft devices, vehicle tracking and good driver discounts. Some providers also offer discounts to good students, people who park in their garages and multi-car households.
2. Compare Quotes
Before deciding on a car insurance provider, compare quotes from at least three companies. Consider the overall price, the provider's financial strength and creditworthiness, the overall coverage and whether the coverage meets your specific needs. You should also compare any discounts or special offers each provider might include. Some people also choose to speak with representatives of each potential provider before making any decisions.
3. Increase Your Policy's Deductibles
Increasing your deductible can be a good option for reducing the size of your monthly insurance bill. However, it does mean your out-of-pocket expenses will be higher if you're in an accident or your car is damaged. You should keep that in mind when considering this option. Discuss the viability of increasing your deductibles with your insurance agent. He or she should be able to help you decide whether it's a good decision for you.
4. Drive Cars With High Safety Ratings and Low Repair Costs
The safer your vehicle, the lower your insurance premium is likely to be. Look for cars that have high safety ratings. Research how much the make and model you're interested in typically costs to repair and how likely it is to be stolen or broken into. Check its safety rating and review what safety features are included. Cars that have lower repair costs and higher safety ratings tend to be the least expensive to insure.