7 ways to save money on car insurance

  • Published on
    23-Jan-2018

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<ol><li> 1. Ways 7 to Save Money on Car Insurance </li><li> 2. Choose a Higher Collision Deductible Collision coverage pays for repairs to your car if it collides with another vehicle or object regardless of who is responsible. The deductible is the amount you have to pay before the insurance company pays. Many consumers are choosing higher deductibles than $500 because it costs less and they can afford to pay $750 or $1000 if needed. BE CAREFUL: If you find yourself in an accident and need the car to get to work but cant afford the deductible, you could have much bigger problems! </li><li> 3. Shop For Insurance Ahead of Time Many insurance companies offer early signing discounts that save you money if you buy a new policy a week or more before it goes into effect. In addition to this potential discount, the more time you have to shop around, the more quotes you can get and the greater the opportunity to find the most affordable one. Click here to get the most accurate quotes in the least amount of time. </li><li> 4. Maintain Continuous Coverage Many insurance companies give you a better rate depending on how long you have been insured without any gaps in coverage. Sometimes a coverage gap of only one day can cause you to get the same price as someone buying their very first insurance policy. If you sell your car, consider maintaining your policy or being added as a driver to a relatives policy until you are ready to purchase your next policy. </li><li> 5. Compare Rates From Many Companies Despite what they want you to think, no insurance company has the cheapest price for every driver. Each company uses different rating criteria so if your friend saved the most with State Farm, it doesnt mean you will too. The only way to find the best price for you is to get as many quotes as possible. Our agency makes it easy by compiling a long list of the most popular carriers in your area and lets you call each one direct for a quote with the push of a button. Since you can save your quotes and use your mobile phone, we allow you to get a quote any time you have a few moments to spare and compare all the prices later on. BE CAREFUL: Many online websites claim to offer lots of comparison quotes but all they really do is take your private information and sell it to anyone willing to pay. Ever heard of identity theft? </li><li> 6. Pay Your Bill on Time Many insurance companies will tack on extra charges or remove certain discounts based on your payment history. If you are late even one time after 30 years of payments, they might jack up your price. </li><li> 7. Lower Your Uninsured Motorist Property Damage Coverage Uninsured motorist property damage pays for damage to your vehicle if you are the victim of a car accident caused by someone without insurance or without enough insurance. Since you would be unable to collect more from this coverage than the value of the vehicles you drive, it may save some money to reduce this coverage. BE CAREFUL: Depending on your state laws and insurance carrier, reducing this coverage may not be a wise or available option. Make sure to discuss this type of change with an insurance professional licensed in your state and ask them about any potential downsides. </li><li> 8. Improve Your Credit Rating Its probably not a surprise that most auto insurance carriers base their rates to some degree on credit history. Whether you think thats fair or not, better credit gets you cheaper insurance so do what you can to improve your rating. BE CAREFUL: Although some insurance companies promote that they do not use credit to determine your insurance premium, that does not mean theyll have the best price for everyone with bad credit. If you have bad credit, its even more important to take the time to get many quotes and find yourself the most affordable insurance. </li><li> 9. www.WellCoveredFlorida.com (386) 218-4951 </li></ol>