Owning a new car can be expensive, and that expense is not limited to the monthly payment. Owners also have to pay for regular maintenance, fuel and car insurance.
There is not much you can do about the mileage your vehicle gets or whether or not it needs maintenance and repair, but you can do something about how much you pay every month for car insurance.
Don't settle for what you have
You should consider shopping around for new car insurance every six months or so. You don't necessarily have to buy new car insurance every month but you should at least make regular rate comparisons to see if you are getting the very best deal. Insurance rates fluctuate about every six months. Sometimes they go up and sometimes they come down. If you have maintained a good driving record and avoided citations or accidents, you might be able to get yourself a better deal.
Adjust your deductible
You can also adjust your premium by adjusting your deductible. The higher your deductible the lower your monthly premium becomes. If you don't drive your car often or are a very safe driver, a higher deductible with lower premiums might be your best option.
Try to pay annually instead of monthly
You can also keep your insurance rates down by not paying in monthly instalments. When you pay in monthly instalments your insurance company likely charges you a small monthly fee for processing those monthly payments. A fee of just $8 a month can add up to you paying nearly $100 a more each year for your insurance.
Get in on multi-line discounts
Start looking for multi-line discounts if you want another way of lowering your vehicle insurance. When you buy more than one form of insurance from a company you will pay less for them all. If you can get your homeowners insurance and your car insurance from the same company, do it. This is called multi-line insurance and it can save you up to %15 on your premiums.
Get a good driver discount
If you are a good driver with no claims and no citations, ask for a good driver discount. Many insurance companies offer these good driver discounts, but they don't make a habit of offering them. Be a good consumer and protect yourself. Ask for what you deserve.
If your current provider wants to hike your rate - shop around
If you do have citations or claims on your policy and your insurance company is raising your rate it is a good time to start shopping around for a better rate. Don't be afraid to haggle over price and compare companies to get yourself the best rate possible.
Try for a safe vehicle discount
You also might consider getting a safe vehicle discount. If your vehicle has extensive modern safety equipment some companies will offer you a discount. Don't be afraid to ask for a discount if they don't offer and don't be afraid to shop for a new insurance carrier if they don't.
Look for any and all discounts you may be entitled to
As long as you are looking for discounts, students and seniors are also usually due for a discount from insurance companies. Make certain you ask. And remember, the less you drive the lower your premiums, so if you do not drive your car much make certain you mention this to the insurance company.
Don't pay for a pile of extras you don't need and likely will never use
Finally, don't pay for what you don't need. Ask for a policy with exactly the coverage you want and nothing you don't want. Don't let them talk you into options you do not need.
Be a good consumer and protect yourself.
Mike McTigue is an Automotive Journalist and former Car Dealer with a unique insight into the auto financing industry, and special financing.
Our readers get low Auto Insurance Quotes and save hundreds.
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McTigue, M. (2012, February 24). . Retrieved February 28, 2012, from http://ezinearticles.com/?Easy-Ways-to-Lower-Your-Car-Insurance-Rates&id=6903516Chicago Style Citation:
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