Car insurance protects more than just your car. It’s goal is to make sure that other cars, and any people that are on the road, are safe. As soon as you receive your auto insurance policy, double check to make sure you are covered for everything you expect to be. Use these tips to get the best auto insurance coverage possible.
Infrequent drivers, or those with a short commute, may qualify for a low mileage discount on their auto insurance. In order to qualify for infrequent driver discounts you usually have to put less than 7,500 miles on your vehicle in a year. You could also consider making use of public transportation, such as a bus, instead of driving your vehicle if you want to potentially qualify for a special commuter discount.
Don’t buy your teenage children their own cars or insurance plans. Instead, they can use a car that you already own. It will be much less expensive to add your teenage driver to your existing insurance plan, too. Some companies offer discounts for students with qualifying grades.
Many insurance companies provide large discounts to people who do not drive 7500 miles in a single year. So, driving less is a good way to reduce your insurance costs.
Your auto insurance agent will have a list of any discounts offered by their company. Go through the list to make sure you are getting as many discounts as possible to maximize the amount of money you save.
Try driving less often than you normally do. Use online tools and GPS to find the fastest routes. If you are unable to reduce the miles you drive, consider investing in a cheaper, second car. You may discover that it is more cost effective to insure two low mileage vehicles per year than one car with very high mileage.
In many cases, insurance companies will provide discounts to any household in which every family member gets their auto insurance through the same company. By making sure all the vehicles in the household are insured with a single company, you may save hundreds or even thousands of dollars each year.
You must have the state legal minimums; however, there are many optional protections that are available. Procuring additional coverage will be more expensive, though doing this may be worthwhile. One important coverage to carry is coverage that protects you from uninsured motorists.
Not all insurance companies are alike, but if you have a less than perfect record you will obviously pay higher premiums. There are several who will help those with issues on their records get better rates.
There is a grace period of sixty days in which an insurance company decides whether to keep you as a customer. The insurer will then look at your record to ensure that you are not too high risk. If your policy is cancelled, you can wind up facing higher insurance premiums well into the future.
The more drivers you have listed for a vehicle, the higher your premiums will be. This is why it’s important to remove drivers that do not need to be listed on the policy. By taking off drivers who no longer drive the vehicle, you can save money on lower premiums. Younger drivers are considered a larger risk when it comes to driving, which causes insurance premiums to increase. Removing them from your policy will help to lower your overall rate.
Another way to reduce the cost of your auto insurance is to increase your deductible. Insurance companies work on the theory that the higher the deductible you have, the less likely you are to make a claim for anything under that figure. However, you should realize that a higher deductible means that you will have to pay more each time you file a claim.
Keeping in mind the tips from this article, look again at your policy. You may be surprised to discover what is actually in your policy, and what is not covered.