Common Ways to Reduce Your Car Insurance Premium

Are you getting the best premiums that your insurer allows?  Or, are you searching for a car insururance policy with a low premium?  Here are some common ways to get a cheaper car insurance quote.

Your Vehicle

The vehicle itself is a big indicator of premiums.  How about savings?  Yes, your vehicle could save you money as well:

• Anti-Devices:  If it starts with “anti,” it could help to reduce your car insurance premium.  Anti-lock brakes and anti-theft devices are two items that may help to lower your premiums.
• Restraints: Motorised seatbelts and certain airbag requirements can also save you money on your car insurance.
• Lights: Have daytime running lights?  This standard feature could contribute to a cheaper car insurance premium.

Your Lower Car Insurance Premium

There are several ways you may be able to arrange a cheaper car insurance premium.  They include the following:

• Driver’s Education: Look into defensive driving courses and advanced driver’s education, as some insurers will quote you a lower premium if you have passed certain driving courses.
• Your Driving Record: An accident-free driving record may lead to savings on your car insurance compared to that of higher-risk drivers.

You and the Insurer

The business relationship between you and the insurer could result in lower premiums.  You can be rewarded for the following:

• Multiple Cars: A family or multi-car policy may offer a lower premium than separate policies.
• Multiple Policies: Consider bundling insurances with a single insurer.  Coupling your car insurance with home insurance, for example, can cost less than separate policies.
• Loyalty: Some insurers may offer a less expensive quote when an existing customer renews his or her policy.  Look into the short and long-term possibilities of such options.
• Anti-Loyalty: Yes, it’s a big fight for your business.  You could be rewarded for switching companies, even before your current policy expires.

What Now?

You may be in “information overload” mode at the moment.  There are plenty of discounts that may or may not be available – it depends on your situation and your car insurance requirements.

If you currently have a policy, you might want to explore what your insurer offers.  This could open up some possibilities of which you were previously unaware.  Or, alternatively, it might give you reason to start looking around.

If you’re considering a new car insurer, make sure you take a thorough look at the various ways to obtain cheaper quotes or discounted premiums.  After all, while you might get a lower quote with Insurer A, you’d probably want to know if Insurer B offers an additional discount that would make their policy more budget-friendly.

Speak to the insurers about these possibilities.  See where you can help to reduce your premiums.  Hopefully your policy will suit you better, and leave you richer, if you compare car insurance for ways of saving money as well as looking at what’s covered.