There are plenty of tips for saving on car insurance, but which ones actually work?
One of the best tips for saving on car insurance is being a safe driver. However, not all of us have a squeaky clean driving record, which is why there are other ways you can reduce your monthly premium costs. The first thing you need to look at is your deductible.
Everyone preaches high deductibles, and it is the easiest way to save money on your car insurance. Even so, it doesn’t work everyone. For instance, it depends if your vehicle is more than ten years old, and your age is also a factor.
Good maintenance and planning will help you removing the “towing” from your policy is one of the best things to do when saving money. However, don’t run out of gas or lock your keys in your automobile. Those mistakes can cost you a lot more.
Tips For Saving On Car Insurance When It Comes To Rental Coverage
Rental coverage is a bit expensive if you consider that small economy cars cost about $20 – $25 per day. It’s not like you can get a free ride while you’re on vacation. It’s not worth paying the extra coverage.
Another tip is called “Downtime” that might be on your policy that could be saving you money. It means that while the rental you wrecked is in the shop being repaired, it canâ€™t be rented out to other customers, and they can bill you for the daily fee. Itâ€™s a risk you might decide to self insure rather than pay $21 a day for the insurance.
Here’s another tip: Always shop ahead before you buy your next car. Many people assume that SUVs are expensive and Neons are cheap. This is not necessarily true.
Some companies will increase your liability based on the cost of damages your type of vehicle may inflict — big trucks cause big damage. However, they also rate the autos based on how likely they are to be damaged in an accident, how often they are stolen, and how badly driver/passengers are injured. That Neon (or Jetta or Honda) is going to be a lot more expensive than you think.