Here are three simple methods that you can use to save a substantial amount on your car insurance.
The first is by raising your deductible.
Deductible is the amount paid when you make a claim and before the insurance company pays.
Most people make an effort to lower the deductible so that when they make a claim, they will pay as little as possible.
When you raise the deductible you will save on your car insurance premiums every year, although incase you have to make a claim, you will pay out a higher amount to your car insurance company before your claim is settled.
However the truth is that claims are often rare and even if you do have to make a claim four or five years down the road after saving money by raising your deductible for a number of years, you will still be ahead.
The second way you can save substantially on your car insurance is by dropping your collision and comprehensive insurance coverage if you are driving an older car.
It is important that you start by determining the value of your car.
In too many cases, the amount paid for deductibles added to the insurance may not be more than the value of the car.
So it would make a lot of sense and you would save a lot of money by dropping the collision insurance component and avoiding comprehensive coverage altogether.
You can also save plenty on your car insurance by buying a low profile vehicle.
Before you make your decision to purchase a car ask the question; is this model a favorite with thieves? If you do not know the answer yourself, you can ask around.
This is important because if the answer is "yes" then it means that it will have to be much more expensive to insure.
If you take your time to search patiently, chances are high that you will find a good low profile car that meets your expectations.
It is all worth the trouble because you must remember that high profile cars that attract thieves will in the end cost you more and put you and your family members at higher risk.
The first is by raising your deductible.
Deductible is the amount paid when you make a claim and before the insurance company pays.
Most people make an effort to lower the deductible so that when they make a claim, they will pay as little as possible.
When you raise the deductible you will save on your car insurance premiums every year, although incase you have to make a claim, you will pay out a higher amount to your car insurance company before your claim is settled.
However the truth is that claims are often rare and even if you do have to make a claim four or five years down the road after saving money by raising your deductible for a number of years, you will still be ahead.
The second way you can save substantially on your car insurance is by dropping your collision and comprehensive insurance coverage if you are driving an older car.
It is important that you start by determining the value of your car.
In too many cases, the amount paid for deductibles added to the insurance may not be more than the value of the car.
So it would make a lot of sense and you would save a lot of money by dropping the collision insurance component and avoiding comprehensive coverage altogether.
You can also save plenty on your car insurance by buying a low profile vehicle.
Before you make your decision to purchase a car ask the question; is this model a favorite with thieves? If you do not know the answer yourself, you can ask around.
This is important because if the answer is "yes" then it means that it will have to be much more expensive to insure.
If you take your time to search patiently, chances are high that you will find a good low profile car that meets your expectations.
It is all worth the trouble because you must remember that high profile cars that attract thieves will in the end cost you more and put you and your family members at higher risk.