Author: Nickel / Source: fivecentnickel.com
Lowering car insurance costs is a great way to save money. Sometimes a quick phone call is all it takes. Here are 6 ways to save money on car insurance.
Everyone is always looking for new ways to save money. Cutting expenses, trimming monthly bills, and tightening the budget are all great options.
And this includes auto expenses.So, as a companion to my other articles on how to save money on health insurance, homeowners insurance, and even life insurance, I thought I’d tackle car insurance.
What follows is a list of tips for reducing your premiums and saving a ton of money.
Keep your driving record clean
Your driving record can play a pretty big role in the premiums that you’ll pay for insurance coverage, whether shopping around for a new policy or just retaining the one you’ve had all along.
In other words, don’t get nailed for speeding like I did a few months back. I was fortunate in that it was a first offense. This meant that I was able to keep my record clean by pleading nolo contendre (no contest) and paying the fine.
However, next time I won’t be so lucky, as I’ll wind up with points on my license and higher insurance premiums. Get enough of these tickets (or a particularly bad one, like reckless driving), and your insurance company could even drop you!
Increase your deductible
Your deductible is the amount of cash you’re expected to pony up if a claim is made on your own insurance policy (if there isn’t someone else whose insurance is responsible for the damage). You’ll be given a handful of options for setting the level of this when you sign up for or renew…
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