Although you can save by reducing your coverage, it is not advisable if it compromises you and yours. But here’s a better way: Apply the correct steps and do a few things right and you’ll get big discounts I’ll explain how…
1. You can lower your rates by positioning yourself for a multi-vehicle discount. You can only do otherwise if the sum of your premiums across different insurance companies is less than what you’ll be given with a multi-vehicle discount if you buy from one insurer. Doing some shopping and then checking with what you’ll get from a multi-vehicle discount is a good way to be sure if this serves your best interest. Insuring more than one car with the same insurer will always give a decent discount.
2. For those who are less than 25 years, car insurance rates can be quite outrageous. However, one step you can take to get cheaper rates if you belong to this age bracket is keep getting good grades.
You must have a grade point of not less than B to enjoy a good student discount. For students who qualify, you can expect discounts of about 5%. This discount is given because insurers think there is a connection between good grades and a young person’s composure behind wheels. Students with excellent grades are generally considered more responsible and less likely to take to recklessness behind wheels.
3. Does your child not drive the car for a reasonable length of time? Then you deserve a discount for this. If this applies to your kid in school then don’t forget to let your agent know about it. While you’re encouraged to make an attempt, you must bear in mind that this isn’t one of several typical discounts that all insurance providers offer.
4. People who live in crowded areas are more likely to have one kind of car accident or another when compared to people who stay in sparsely populated areas. It is a smart move to make your residence in a sparsely populated area if it suits you because the likelihood of vandalism, theft or an auto accident is far less.
5. It’s a known fact that young drivers attract high rates. Worse still, if they are teenagers their auto insurance rates could be really high.
This means that you’ll help keep your rates down if you do NOT have a teen driver on your policy. It will have an adverse effect on your rate. Sign an exclusion form that will allow your teen driver have his or her own policy.
It’s a fair price for them to pay to enjoy the adult privilege of driving. This act will save you more than money as your teen driver will happily listen when suggestions are made on things that will bring down the high rates they pay. The full implication of this is that your teen will be a lot safer as they’d do their best to avoid inflating their rates.