Many people who live in the USA They are looking for new ways to save money. The economic situation the country is going through makes it necessary to take saving measures. One of the ways to save money that few probably take into account is saving money related to car insurance. If you have a good insurance agent, ask him for advice on this topic.
It is normal for many people to avoid insurance agents. But keep in mind that an insurance agent is a professional who can help you make better policy decisions. If you know the advantages and disadvantages of the policies offered by different insurance companies, you can choose an option that bills a significant saving in the premiums to pay.
How to save when buying a car insurance?
For this reason, insurance agents are very important for consumer savings. These experts affirm that speaking of savings can be saved, up to 40% of the installments to pay. Here are some options that an insurance agent might suggest to help you save.
Tip No. 1 – Take Driving Courses
If you want to pay lower fees, it is necessary to have a driving record without accidents or fines accumulated in the last 3 years. Even if the records have been clean for 30 years, never be satisfied.
The AARP agency regularly offers driving courses for people 50 years of age and older. If you are under 25 years old, they can apply too. Many companies offer discounts for owning driving course graduation certificates.
Tip No. 2 – Do not apply for coverage against all risks, or for accidents (comprehensive and collision coverage)
This advice may seem pointless, but if you have an old car, it is completely justified. Before making a decision you must know the value of your car (you can check it through the NADA guides).
If your car is stolen or damaged, the insurer will only cover up to the real price of it. Therefore, we suggest informing you about the real price of the car. Ask yourself if the cost of maintaining comprehensive and accident coverage is worth the cost, relative to the value of your car.
On the other hand, regardless of the real value of the car, we always advise to obtain coverage for third party damages (liability coverage). It can save you hundreds or thousands of dollars if you cause an accident.
Tip No. 3 – Increase deductibles
Many drivers renew their insurance policies annually without making any changes to them. We suggest that you regularly re-evaluate the deductibles for all-risk and accident coverage.
If you are a good driver and your policy deductibles are low, between $ 100 or $ 250, you should consider increasing them to $ 500 or $ 1,000. Well, low deductibles represent higher payment rates.
Tip No. 4 – Check your mileage
Worry about the mileage you travel annually. Some insurers offer discounts for low mileage. You can opt for these discounts if you make short trips from home to work, if you use public transportation, work from home, or if you drive only for pleasure.
Many companies put limits on the number of kilometers allowed to obtain this discount. Others are satisfied only with the declaration of the drivers. And some install devices to monitor this data and set the discount according to the mileage traveled.
Tip No. 5 – Record your car identification number (VIN) on the windshields
Some companies offer discounts if your vehicle has the identification number engraved on the windows or windshield. This makes it more difficult for thieves to steal your car to sell, as they would have to change the windshields and windows first.
With this simple action you would obtain a discount on the coverage against all risks. Even the insurer may not require deductibles. Both very positive things for your savings plan.
To engrave the identification number on the glass, you can ask for this service at the Police Department or at any car dealership. You can also do it yourself.
Tip No. 6 – Profession and level of education
Insurers favor people they consider “low risk.” You can also get discounts depending on your job and the University you have attended. Certain professions are more likely to get discounts, for example, teachers, police, firefighters, scientists, etc. Some insurance companies also have affinity programs with certain universities and help their students with insurance premiums.
Tip No. 7 – Worry about getting good grades
Many insurance companies offer discounts to full-time students with good grades. To do this, they must show a copy of the document that proves that information.
College students who attend schools more than 100 miles from their homes are also eligible for discounts. It is based on the assumption that very few drive in their parents’ car.
If you heed these tips and apply them, it is very likely that you will achieve substantial discounts on your auto insurance premium payments.