Do you wish you could pay less for your auto insurance but are not really interested in changing your coverage options? If so, you should know that there are some very easy ways that you can start saving money without the need to change the level of coverage that your auto insurance policy provides. In fact, many of these money-saving opportunities can be used without the need to change anything about your automobile insurance, not even your coverage or your provider. You can learn more about these four easy ways to start saving on your auto insurance below.
#1: Raise Your Deductible
If you currently have an auto insurance policy that includes a low deductible, you can start enjoying lower monthly premiums by simply raising this deductible. While you may be concerned about paying more out of pocket after an accident, it is important to remember that most people will go an extended amount of time in between accident claims. Consequently, odds are your savings will far surpass the slight increase in your deductible.
#2: Take A Defensive Driving Course
Defensive driving courses can be a great way to decrease your insurance rates if you currently have any points against your license as the result of past accidents or traffic tickets. This is because the more points you have against your license, the higher your insurance rates are going to be. Since most people will be eligible for a point reduction after completing one of these courses, choosing to take a defensive driving course can be a very easy and effective way to start saving money on your auto insurance.
#3: Purchase Your Policy Online
Many auto insurance providers will offer online-only discounts in order to encourage individuals to buy their policies online. This discount is made possible thanks to the lower overhead costs associated with online sales. For many people, this opportunity can be the easiest way to save a few dollars on their insurance premiums.
#4: Sign Up For Safe Driver App
While not all insurance providers offer safe driver apps, the availability of these mobile apps is becoming more and more common. These apps provide individuals with the ability to save money on their insurance rates by demonstrating that they are safe drivers. In order to do this, individuals must download the app and allow it to collect data regarding their driving habits. This data is then used to determine how much of a discount the individual qualifies for based on how safely they drive.
After we purchased our first home, we realized that it might be a good idea to evaluate our insurance coverage. Although we had purchased homeowners insurance before, we had never owned a policy as large as the one we would need for our new place. Also, our new home had a trampoline and a swimming pool, which made us worried about liability. To iron out the details, I decided to meet with our insurance agent. We talked about things like monthly premiums, coverage limits, and deductibles, and it was incredible to learn more about the terminology. This blog is designed to help you with the same types of questions.