One way to ensure your vehicle is covered at all times is by having auto insurance. This will be the financial security you may need in the event you have an accident or are the victim of vandalism or theft. However, auto insurance can be expensive, and you will want to know useful tips for cutting the cost of coverage when possible.
Tip #1: Carpool
The fewer miles that you drive on a daily basis, the less your auto insurance will cost. Although it may not be possible to find a job that is closer to you, you can check around in your neighborhood with others about carpooling. This will allow you to drive fewer miles on a regular basis.
Tip #2: Get an older car
Buying a car that you can pay cash for will allow you to get a lower priced policy. For instance, a general liability policy is much less expensive than a comprehensive one. If you own a new car and have a lien on it, you will be legally required in most states to get a comprehensive policy.
Tip #3: Increase your deducible
The higher your deductible is, the less you will be necessary to pay when it comes to auto insurance. This is the amount that you will have to pay before your insurer pays for any damages that you file.
Studies show that increasing your deductible from $500 to only $1,000 can save you as much as 15% on your insurance bill. This can add up over time and the more vehicles you have on your policy the greater savings you'll enjoy.
Tip #4: Enroll in a defensive driving course
If you have a teenager on your policy, this can cause your costs to drastically increase. However, one way to help reduce these costs is by enrolling your teenager in a defensive driving course. These are typically offered at various locations, and you can check the Division of Motor Vehicles for a class near you.
Tip #5: Avoid accidents
Keeping a safe driving record will allow you to stay in good standing with your insurance company. Avoiding accidents and speeding tickets can drastically reduce your insurance rates in the short and long-term.
You will always want to have insurance to keep you protected in the event that something happens to your car. Be sure to talk to an insurance agent like Cache Valley Insurance Inc to assist you with more ways to save money on your car coverage.