1. Driving safely can help keep your insurance rates low. This means following the speed limit, not texting while driving, and avoiding other distractions on the road.
2. Select a low-risk vehicle. By choosing a car that’s less likely to be stolen or involved in an accident, you can also keep your car insurance rates affordable. For example, sedans are usually cheaper to insure than sports cars.
3. Maintain a clean driving record and a stellar credit score. In addition, you can get discounts on your car insurance if you have documented proof that you are a reliable, dependable, emotionally mature, and financially responsible person. In other words, you are not the kind of person who drives dangerously or under the influence.
4. Consider taking a defensive driving course. Your insurer will see that you know how to drive in a safe manner to avoid accidents.
5. Compare insurance companies to find the most affordable deal. Most people obtain insurance through a flyer in the mail or by using the same insurer that their friends or family have. However, this isn’t the best method of lowering your insurance rates. Do your research instead. You can compare quotes from various insurance companies. John Lofrumento of Lofrumento Agency, Inc. says that there are basically three types of coverage related to car insurance:
- Coverage for You and Your Passengers i.e. Personal Injury Protection
- Coverage for Other People i.e. Liability
- Coverage for Your Vehicle i.e. Collision and Comprehensive
Getting the right balance of coverage can help you keep your auto insurance costs under control. For instance, it generally doesn’t pay to have collision and comprehensive coverage on an older car that is only worth a few hundred dollars (or even a few thousand).
Conclusion
When you consider the number of factors that can affect your car insurance rates, you can keep your premium low. In addition to avoiding accidents by driving more carefully, you can lower your insurance rate by following these five tips.
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