Five quickest ways to reduce your car insurance premium

0
17
Looking for ways to reduce your premium on car insurance? Car insurance rates may vary depending on factors including your age, previous driving records and other factors such as credit history.

Looking for ways to reduce your premium on car insurance? Car insurance rates may vary depending on factors including your age, previous driving records and other factors, such as credit history. The trick, however, is to find ways to reduce the annual payment.

We have deployed the 5 fastest ways to reduce your car insurance premium for you. Tip 1: raise your deductible Stop trying to get the “lowest deductible,” instead get a more comfortable pocket payment plan. Deductible’ is the amount you would pay before your insurance policy starts.

This is an easy way to reduce the amount of your periodic premium; however, be careful, in this case, if something happens to your vehicle, you must pay more to cover the initial expenses before submitting a claim.

Tip 2: Park your car in a garage. One of the simplest ways of reducing the insurance premium is to park your vehicle in a garage, in personal or commercial establishments. This helps eliminate about 20 percent of the premium in some cases. In a garage, your vehicle’s chances of being stolen or displaced are considerably lower.

Park your car in a garage. One of the simplest ways of reducing the insurance premium is to park your vehicle in a garage, in personal or commercial establishments. This helps eliminate about 20 percent of the premium in some cases. In a garage, your vehicle’s chances of being stolen or displaced are considerably lower.

Parking in a garage could mean a difference between a preferential rate and a standard rate from a transaction perspective.

Tip 3: buy and negotiate Nothing is better than the traditional’ buy to trade.’ Before looking at the service provider, make sure you have at least three or four quotes with you. Make sure you’re not just buying the price, but the entire deal.

Tip 4: Take a defensive driving course Not many people are aware of it. By volunteering for a state-approved defensive driving course, you can take advantage of premium discounts of up to 10 %. Do a cross check with your insurer on this, however.

Tip 5: Reducing coverage Well, reducing coverage may be the easiest way to reduce your car insurance premium. We suggest, however, that you be careful and prudent in making this decision. This could save money, but coverage would also be limited.

LEAVE A REPLY

Please enter your comment!
Please enter your name here