How to Save Up on Car Insurance

Car insurance – the one expense you cannot do without if you want to own a car. Still, even though it’s usually mandatory and an unwelcome expense, it doesn’t have to burn too big of a hole in your wallet.

With a couple of tips and tricks, you can easily save up on your car insurance while still staying on the right side of the line. Here are some tips about car insurance for Pocono readers that will help safeguard the budget.

Shopping Around for the Best Deal

When someone says to you that you have to shop around before you commit to an insurance company for your career, they’re missing out on a whole wealth of information you should know.

For example, did you know that you should shop around for insurance before buying a car? The price of the car will affect the insurance premium, which is a good thing to know if you’re shopping around for cars as well as insurers.

Next, you should see whether a company that already offers insurance to you might have an offer. Sometimes, they’ll bundle coverage to give you a sweet deal. It might even be possible to get group insurance with the insurer who works with your employer, or an alumni group, or any other group where you belong.

Drive Less, Drive Safer, Keep a Good Credit Score

Auto insurance companies will give you discounts for all sorts of things. For example, if you drive less than an average number of miles every year, you might be eligible for a discount. In case your driving record is squeaky clean, you might be in for another discount.

The type of safety features your car has can also affect your premium. Some insurers are willing to give a discount to owners of cars with extensive safety features. You need to do some math there, to see whether you need those features and whether they can pay themselves off, but it’s something else you need to consider.

Never forget that auto insurers are in the business of selling their product to the people who need it the least. They’ll look through your credit score to see your financial status and might even offer you a discount if they like what they see. But always keep in mind the insurance company that’s offering the most discounts could be the company that’s charging the most in the first place.

Consider Increasing Your Deductible

This one’s a bit risky. If you choose to increase your deductible, you will end up paying more out of your pocket in case of an accident. However, the same decision could save you a lot in a collision or comprehensive coverage costs.

Playing around with the deductible is usually a serious business. You’ll want to set aside some of the money you saved to ensure that you can afford the increased deductible if something goes wrong. Be careful with this one and make sure the math checks out.

Vet the Insurance Company

It might not save you any money right out of the front, but make sure the insurer is solid in case something goes wrong. Ask around about their customer support. See if any of the people you know, and trust have had any experience with them. Don’t just sign because the savings look good – sign because you get the best possible coverage with the most respectable insurer at the most affordable price. That’s your goal.

This entry was posted in Uncategorized. Bookmark the permalink. Post a comment

Post a Comment

You must be logged in to post a comment.

We reserve the right to remove any content at any time from this Community, including without limitation if it violates the Community Rules. We ask that you report content that you in good faith believe violates the above rules by clicking the Flag link next to the offending comment or fill out this form.
  • Categories

  • Archives