In these days where the cost of everything seems to be on the rise, one place where you can probably save some decent money is on your motor vehicle insurance. Try some of these tips to pare down that bill:
Drive a sensible car
Yes, I know. That doesn’t sound like much fun does it? But if you haven’t bought your car yet, you should think about whether you want to purchase a performance car or a sensible car. When the car insurance company looks at your application and sees you have a red hot sports car, they’re going to get the idea that you’re planning on driving fast and taking chances. That may or may not be true for you. But statistics don’t lie. On average, people who buy cars that go fast, drive them fast. And people who drive fast get in more accidents.
Decrease your risk – lower your premium
Sometimes little things like extra security features can save you money. Even a simple anti-theft steering wheel lock may save you some money. Tracking systems cost more, but also save you more. When you purchase your premium, go over it carefully to see what you might already have that can get you a discount, and then see if there is anything inexpensive you can do to improve your rates: like buying an anti-theft device.
Get married
Premiums are lower for people who cohabit, because they just don’t need to go out as often. Married people stay home in the evenings while the singles in the world are going out. And when the bars let out and the worst drivers are on the road, married couples are probably already asleep. You may not be ready to tie the knot yet, but realize that lower car insurance is just one of the many benefits of marriage.
Be older
Yeah, I know. This one is not very easy to fix. Car insurance companies give better rates to older drivers. But you couldn’t make time pass faster, even if you wanted to. There is a reason why older drivers get better rates, though. It’s because they drive safer. So instead, why don’t you try driving like an older driver? Be safe on the road and …
Don’t get in an accident!
The one thing you can do that is sure to raise your rates through the roof is to get into an accident. You should also be careful about getting pulled over for traffic violations. Either will raise your premiums for following years through the roof! Now you have given the insurance companies proof positive that you aren’t a good bet behind the wheel. Many insurance companies offer a bonus by returning part of your premium after a certain number of years without a claim. So get insurance because you need it, but don’t use it! Aim to be accident free as long as possible.