When was the last time you compared free car insurance quotes? More than a year? More than two? According to the National Association of Insurance Commissioner (NAIC), only 20 to 35 percent of us compare car insurance rates every year. If you are part of the group, there is a possibility that you pay more for car insurance than you need. Maybe more!
But before you call and start calling an insurance company, take time to review a number of steps that can help reduce your insurance premium. Not all of these steps will apply to each individual, but there must be several items on the list that can significantly reduce your car insurance costs.
1. Make sure you tell the insurance company about the latest changes to your vehicle that can affect your insurance level. For example, have you installed an anti-theft device?
2. Think about any changes in your lifestyle that will affect your driving habits. Do you leave work to work from home? Reduction in mile drive can have a significant impact on your car insurance quote.
3. Check your budget and decide whether you can pay for all your car insurance premiums in advance. Although it can easily pay monthly or quarterly installments, insurance companies usually add administrative or financial fees to your premiums. When you compare car insurance quotes, ask each provider if they offer discounts for full paying customers in the first ten days of the policy.
4. If you have teenage drivers in your household, wait until they have a full license before adding it to your car insurance policy. Most insurance companies will extend coverage to teenagers with study permits without including them as drivers in your policy.
5. Ask about good driver car insurance. This type of policy requires placing a small tracking device in your vehicle – and then checking speed, acceleration and braking patterns. The result can be a lower premium for safe driving habits.
6. Ask about insurance pay-as-you-go or with-miles. Although not offered by every insurance company, this type of policy is becoming increasingly popular in certain countries. Programs like this reduce the premium for car owners who drive less miles, thus reducing traffic, pollution, and the risk of car accidents. According to a recent study, nearly two-thirds of households will pay less for car insurance based on this type of plan, resulting in an average savings of $ 270 per car per year.